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Tuesday, June 10, 2008 10:22:22 AM
Anyway....check out the strike price for Larry and the Palm Beach Guy (Joe) ($.09). All with Sender stating that they all feel that is achievable!!
I have been in this for a while and would enjoy getting out at .089....right before the Exec's can!! GLTA
TORONTO, June 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- Hat Trick Beverages Pink Sheets: HKBV.PK www.hattrickdrinks.com is pleased to identify and announce its targeted merger candidate Palm Beach Specialty Coffee (Palm). Mr Sender Vaiser, CEO of Hat Trick, said "Many followers and shareholders have contacted us and asked if in fact the targeted merger candidate is Palm. I guess through Google searches, and other tools readily available to investors, they saw the potential of a perfect fit themselves, between Hat Trick and Palm. The addition of Palm will allow Hat Trick to broaden its beverage base, and use the existing Palm infrastructure to launch the hot and cold I500 units Nationwide. Palm will remain to focus on the small unit specialty coffee distribution while our Tango division will aggressively focus on the vending and import / export side of the business."
Joe Kelly, CEO of Palm http://www.palmbeachcoffee.com said "We are excited to be considered part of the Hat Trick Group. I know that Hat Trick looked at various options, and we are delighted to be considered as an addition to the group. We see many good possibilities for the 2 companies moving forward. We have about 150 operating distributors, and this merger would give all of them another product line to deliver and expand the Hat Trick network. In my mind, this is a WIN-WIN deal." The deal is expected to close within the next 30 to 45 days.
The issuer intends to complete the transaction with cash and stock without disturbing its current share structure. It plans to achieve this goal with stock its founder, and X CEO Larry Twombly already returned to the issuer. In exchange, Hat Trick will in turn issue Mr. Twombly warrants for about 22 million shares with a strike price of 0.09 cents per share. The issuer is offering the management of Palm a similar warrant, based on performance and pre determined thresholds. Mr Sender Vaiser, CEO of Hat Trick, added "We believe we can achieve all of this without the need to reverse the stock, nor to disturb our share structure. Although our share price is now in a sub penny range, it is our belief that the targeted strike price is within reach, and a very realistic goal for Hat Trick."
In other company updates, the issuer has filed additional documents on Pink Sheets.Com towards obtaining current status ranking. The amended documents filed reflect the elaborations requested by Pink Sheets underwriters and their compliance officers. The issuer is using this opportunity to inform its followers of the same. Please see http://www.pinksheets.com/pink/quote/quote.jsp?symbol=hkbv
www.minamargroup.com/helpdesk
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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