SOURCE: Minerco Resources, Inc.
NASHUA, NH--(Marketwired - Jan 23, 2014) - Minerco Resources, Inc. (OTCQB: MINE) (the "Company"), the parent company of Level 5 Beverage Company ("Level 5"), a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural and highly functional brands, announces extension of the scheduled full scale production run for all four flavors of COFFEE BOOST™ and RISE™ in the new formulation.
Due to the events and new accounts secured in early and mid-January from tradeshows and organic growth of Key Accounts and after our Brands Operations meetings, we have extended and expanded the production run for COFFEE BOOST™ and RISE™ scheduled for late February. The additional production will is scheduled for early March. Our contracted production facility is limited in daily capacity, and we have now exceeded the capacity of our scheduled dates reserved in late February. We also need to order additional materials and ingredients, requiring additional lead time, to fulfill the extended production run.
Our newest distributors have accepted our applications, insurance and operating procedures and are currently coding in all of our sku's into their system. We believe the relationship with these larger distributors will make market expansion easier and faster.
V. Scott Vanis, the Chairman of the Company said, "We keep getting good news that is requiring us to react quickly. However, we continue to be conservative and evaluate our opportunities methodically and strategically. We insist to avoid the pitfall of expanding too fast without the network in place to support the expansion. We are very fortunate to be in such a position, but with our exceptional products and team, we are not surprised. As always, we will keep you informed of developments and opportunities at the soonest opportunity."
Details of the Company's business, finances and agreements can be found as part of the Company's continuous public disclosure as a fully reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, please visit: www.minercoresources.com.
The above statements have not been evaluated by the Food and Drug Administration (FDA). This product is not intended to diagnose, treat, cure or prevent any disease.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.