SOURCE: DC Brands International, Inc.

November 10, 2008 16:07 ET

DC Brands Announces Audit Update

DENVER, CO--(Marketwire - November 10, 2008) - Today, DC Brands International, Inc. (PINKSHEETS: DCBR) states that in numerous past press releases, they have attempted to keep their shareholders up to speed with the status of the completion of the company's audit, the filing of the 15-c-2-11 and the return of the bid and ask, which is so crucial to the stock's performance. Beginning last May, the company started directing all inquiries about the status and progress to their CFO, Mr. Martin Bykowsky. Literally hundreds of calls and emails have come in and shareholders were told exactly what the company has heard each time; just a few more weeks. In August 2008, Mr. Bykowsky stood in front of their shareholders at the open house/meeting and guaranteed the process would be done no later than the end of that month. The company's CEO, Richard Pearce, in turn stated that he was not willing to sign off on that date but it certainly seemed as if the end of September would realistic. Mr. Pearce then received communications from Mr. Bykowsky and their accounting and auditing firm stating that "no ifs, ands or buts" it would be completed in October. Once again, this deadline was missed.

Today, the company is announcing that they have asked for Mr. Bykowsky's resignation and will have interviews all week for his replacement. "We wish Martin the best, but he simply was not getting his job done and no more explanation is necessary," states Mr. Pearce. "Ultimately there is no one to blame but myself. I continued to believe that what I was promised that was being done was actually happening and it was not. The facts are that all of this could and should have been done 4 months ago and there is not more than 30 days or so worth of 'rolling up your sleeves and get it done' work left to complete the process. An original list of over 120 questions is down to six and is relatively quick paperwork issues. All financial matters through the end of 2007 are complete and the data entry for 2008 is complete through June."

Pearce continues, "The bottom line is this. We cannot and will not tolerate failure to reach goals and objectives in any department of our company any longer. We no doubt lived through the transition out of the energy drink business as well as a very long and protracted R&D phase. However, that phase is over. A deluge of great news related to sales will start being released very soon as a result of the last two tradeshows we just attended were we officially launched our new Functional Water Systems. The news we have to release would basically be wasted without the return of the bid and ask. We want to provide value and performance for our shareholders and fully understand how critical this issue is. Look for an announcement as quickly as we can complete the interviews we are conducting and name our new CFO. We thank you for your patients and assure you this is a major priority within the company."

About DC Brands International:

DC Brands International, a publicly traded company under the ticker symbol (PINKSHEETS: DCBR), presently specializes in and manufactures health products. Established in 1998, DC Brands went public in 2005 producing the company's first products, Dickens Energy Cider then eventually Turn Left Energy Drink. In 2007, DC Brands purchased the assets of H.A.R.D. Nutrition and began its quest to produce a new health line of products. DC Brands is now proud to announce the release of their new H.A.R.D. Nutrition Functional Water Systems, which is set to revolutionize the functional beverage category.

For more information on DC Brands International, visit their website at

Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.

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