News

USA: East Coast Beverage Corp. Raises $1 Million in Private Placement of Notes

Most popular

Pernod is buying Malfy for the flavour - comment

The just-drinks Analyst returns

Is Carlsberg treating consumers like suckers

The just-drinks Analyst returns

Why spirits marketers must be more careful

MORE

East Coast Beverage Corp. (OTC Bulletin Board: ECBV - news), producer of Coffee House USA(TM), a leading ready-to-drink bottled iced-coffee beverage, announced today that it has raised $1 million in the first tranche of a projected $3 million private placement of notes that is intended to augment the Company's working capital during the current period of very fast growth and market penetration. The transaction is being managed by Solid ISG, a New York City-based investment banking and brokerage firm. Interest on the 2-year loan is 10 percent paid in cash or common stock at the election of the Company.John Calebrese, CEO stated, "Coffee House USA is being enthusiastically received by mass marketers around the country, and these funds will allow us to ramp up production to meet the fast-increasing demand."Alex Garabedian, President and C.O.O. stated, "The recent explosion of new business, coupled with strong re-orders, have proven the merits of the Company's business strategy of committing significant funds to the Company's early growth. Our decision to invest heavily in slotting fees, crew drives, coolers and shelving racks, in order to assist our distributors in obtaining shelf space, was carefully considered and has proven to be the right decision as we move forward to challenge the leaders in the New Age beverage category."


Related Content

Coffee-energy category set to spike - Monster Beverage Corp CEO

Coffee-energy category set to spike - Monster Beverage Corp CEO...

Why iced coffee will be one to watch for soft drinks in 2019 - Comment

Why iced coffee will be one to watch for soft drinks in 2019 - Comment ...

Japan’s

Japan’s "summer of clear" tests the conventional wisdom on beverage colours - NPD trends...

Old Pulteney switches aged expression in portfolio redraw

Old Pulteney switches aged expression in portfolio redraw...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?