SOURCE: Hall of Fame Beverages Inc.

Hall of Fame Beverages Inc.

February 25, 2010 09:25 ET

Hall of Fame Beverages 2010 Plans to Launch New Products

LOS ANGELES, CA--(Marketwire - February 25, 2010) - Hall of Fame Beverages Inc. (PINKSHEETS: HFBG) is proud to announce the 2010 plans to focus on the development and launch of new "Cutting Edge" brands. As part of this direction, the new management team will not only be developing its own proprietary brands but will be seeking strategic alliance partners to advance the growth of the company quickly and successfully. This strategic move is to widen the markets for HFBG so that the potential for a larger market share of the energy drink sector is available. Management has begun negotiations with strategic partners that will be able to add great benefit for the 2010 model that are soon to be announced.

The energy drink sector is a multibillion dollar yearly industry that is seeping into all phases of activities, corporate America, marketing opportunities and consumer products. Mr. Larry Twombly, the new CEO of HFBG states, "With the new management team's experience, and networks, we plan to move forward in such a way that will expose us to all of these different phases, including marketing some new drink ideas and products that will add to the diversity of HFBG." Mr. Twombly goes on to state, "HFBG thus far has been what we feel successful in getting many eyes on us, but as fast as the energy market moves today, we have to adapt so that we can stay in front of the general public and perform at our highest levels."

HFBG looks forward to keeping shareholders and potential shareholders appraised of all upcoming events, and situations that we will bring to market. In this time of transition, the company and its shareholders must host patience so that the company can navigate through these tough economic times in a fashion that is efficient, and not detrimental to the current structure of the corporation. As an update, currently the company has 1,470,000,000 shares of common stock authorized and Issued and outstanding shares total 1,402,641,175. As of February 24, 2010 this puts the company's current market cap at $561,056. Management feels that as the company builds its solid foundation that this market cap should have the potential to grow. Also, many questions have been posed to the company in regards to any set dates of doing a reverse split on the company stock. When asked to management, they replied, "Currently it would not benefit HFBG to do any restructuring, therefore as of this moment, there is no date that a reverse split is foreseeable, shareholders can be assured that if there is a plan to restructure, we will do our best to notify the public in advance of this type of a transaction."

About Hall of Fame Beverages

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, economic conditions in the industry and the financial strength of the Company's customers and suppliers. HFBG does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information