SOURCE: Hall of Fame Beverages Inc.

Hall of Fame Beverages Inc.

March 24, 2010 08:45 ET

Hall of Fame Beverages, Inc. Corporate Update: Current Share Structure and Short Position Data

LOS ANGELES, CA--(Marketwire - March 24, 2010) -  Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) is pleased to update its shareholders on the Company's current share structure and to detail significant data relative to the recent trading patterns of its security.

As stated in the Shareholder Call on March 18, 2010, management confirmed the Company has currently no plans to initiate a reverse split. The company is committed to building shareholder value by creating and distributing a highly saleable, leading edge and profitable beverage product line. Management is pleased with progress to date and anticipates exponential growth as the new products are launched inside of 60 days starting in the N.E. U.S. region.

New Development: Within the last week, several investors approached the Company offering additional funding to expand the initial launch volume, which could accelerate growth well beyond current projections:

  Mos. 1-3 Mos. 4-12 Gross Rev for 12 Mos.
Current Projections 5k cases/ mo. 25k cases/mo $5.2 m
With Added Funding 20k cases/ mo. 70k cases/mo $12.7 m

Once solidified, shareholders will be updated via press release in coming weeks.

HFBG's CURRENT SHARE STRUCTURE:

Current Authorized Shares 1.5 B ***

 Preferred Shares (unregistered) = 30 m
 Shares not allocated to the O/S = 67.5 m

Current Outstanding Shares 1,079,500,000 (Note: actual count is lower than reported on pinksheets.com.) 

TRADING DATA FOR CURRENT SHORT POSITIONS IN HFBG:

  2009 2010
  Aug - Dec Jan - Mar 22
Shares Traded   2,651,429,782  **
Short Trades   1,134,877,293  *
% Short to Total Trading   42.8% avg

The total number of HFBG shares traded March 1-22, 2010 (12 trading days) alone approaches the total number of shares traded for the entire year of 2009 (1,815,581,346 *, **), with a 42.8% avg. of Jan-Mar trades being shorts.

* reported by FINRA.ORG
 http://regsho.finra.org/regsho-January.html
 http://regsho.finra.org/regsho-February.html
 http://regsho.finra.org/regsho-March.html

** reported by NASDAQ Market Data
 http://www.google.com/finance/historical?q=PINK:HFBG

*** reported by pinksheets
 http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=hfbg#getCompanyInfo

In conclusion, the Company wishes to thank its long shareholders for their continued support as our young company moves beyond the development phase and embarks on the exciting and much anticipated implementation phase of its business - the sale and distribution of its innovative beverage products. We wholeheartedly believe the Company's sales results will bring about significant shareholder value. The Company conservatively estimates exceeding $5 M in sales within a year, and with added funding, exceeding $12.7 M in sales within a year.

About Hall of Fame Beverages

Hall of Fame Beverages, Inc. is a new lifestyle company dedicated to building long-term success through the creation, manufacture, distribution, and marketing of innovative non-alcoholic beverages recognized for their fresh, standout brand identities that rise above the plethora of average products. Hall of Fame Beverages along with its strategic V-Group partners is a team of visionary and seasoned beverage industry executives who intend to leverage their expertise and their established resources in beverage commerce to make Hall of Fame Beverages one of the industry's big winners via its signature brand product line called A.N.D. (Antioxidant Nutritional Drinks) as well as through multiple innovations just on the horizon.

"Safe Harbor Statement"

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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