SOURCE: Hall of Fame Beverages Inc.

Hall of Fame Beverages Inc.

March 04, 2010 09:25 ET

Hall of Fame Beverages Inc. Announces LOI With Strategic Alliance

LOS ANGELES, CA--(Marketwire - March 4, 2010) -  Hall of Fame Beverages Inc. (PINKSHEETS: HFBG) is pleased to announce that following through on its plans to seek strategic partners for growth opportunities, HFBG is excited to announce that the Company has completed the first stage of an agreement to acquire a stake in a new brand. Final agreements have not been put into place as of yet, but the Company has recently signed a letter of intent with the V Group to purchase a percentage in "a.n.d" (Antioxidant Nutritional Drinks).

HFBG CEO Larry Twombly states, "This is a very exciting opportunity for both parties. Not only is this new brand poised to be the leader in quality functional beverages, it also opens up the door to some of the most respected distributors in the business." Mr. Twombly goes on to state, "Negotiations should last about a week, but we anticipate no major holdups as both parties wish to proceed quickly."

As soon as the final agreement is consummated, HFBG plans to announce the terms to the public. Until that time, HFBG is creating a consorted effort to update its website with all new information, and the Company will proudly display "a.n.d" as a feature on the website: www.HallofFameBeverages.com.

Hall of Fame Beverages wanted to address issues in regards to past products of HFBG. HFBG is currently considering repackaging of 'Atomic Dogg,' the Company's most popular energy drink. In the past management has had some concerns with quality control with the packaging. To address this packaging issue, as the Company has always had great comments on taste and content, HFBG is considering packaging with plastic bottles as opposed to the traditional cans they've had in the past. As proper packaging is consummated, the company plans to update shareholders on this subject. For more information, go to the corporate website at www.HallofFameBeverages.com.

About Hall of Fame Beverages

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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.

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