SOURCE: Harrison, Vickers, & Waterman, Inc.

June 25, 2015 07:30 ET

Harrison, Vickers & Waterman Announces Expansion Plans With New England World of Beer for Additional WOB Taverns in Boston and Connecticut

NORTH PALM BEACH, FL--(Marketwired - Jun 25, 2015) -  Harrison, Vickers & Waterman, Inc. (OTCBB: HVCW) announced today its wholly owned subsidiary, Attitude Beer Holding Co. (Attitude Beer), signed a commitment to build a new World of Beer tavern in the Greater Metropolitan Boston area with its joint venture partner New England World of Beer, LLC. The Company intends to disclose additional information about this new location upon signing of the definitive documentation and lease agreement and expects renovations for this new tavern will begin in January 2016, with operations to commence in the second calendar quarter of 2016.

The Company previously announced that Attitude Beer had agreed to participate in the development of a new World of Beer tavern in Milford, CT at the Westfield Ct Post Mall. The Milford location is scheduled to begin construction in early January and operations are expected to commence in the second quarter of 2016.

Roy Warren, CEO of HVCW and Attitude Beer (OTC PINK: ATTD), commented, "These new locations for World of Beer taverns in Boston and Milford demonstrate our ongoing progress and the actions being taken to implement our joint venture with New England World of Beer. Our first location in West Hartford, CT began operation on January 26, 2015 and to date has outperformed all of our forecasts and budgets since the day it opened." He added, "We are very proud to be involved in this great new concept which World of Beer brings to the rapidly expanding and increasingly popular craft beer industry. Our West Hartford location has proven to us that the enlarged tavern fare along with the unique experience and wide variety of craft beer and other beverages, has a dominant place in this industry and is delivering sales and earnings beyond our expectations."

Harrison, Vickers & Waterman reports its results of operations, which includes the results of operations of Attitude Beer, in its filings with the Securities and Exchange Commission. Attitude Drinks Incorporated expects to report its results, which will include its indirect ownership in Attitude Beer, in its Annual Report on Form 10-K for the year ended March 31, 2015 and subsequent reports.

About Harrison, Vickers & Waterman, Inc. (OTCBB: HVCW)

Harrison, Vickers & Waterman Inc. is the owner of Attitude Beer. Attitude Beer has a joint venture with New England World of Beer LLC. to develop select World of Beer franchised locations in the state of Connecticut and greater Boston areas. Together they opened a 4,000 sq. foot tavern in West Hartford, Connecticut that sells a selection of over 500 craft and imported beers along with tavern food and other spirits and cocktails. New England World of Beer holds franchise rights for all of Connecticut and the greater Boston area. Recently, Attitude Beer announced a second World of Beer Tavern will be opened in Milford, Connecticut in 2016. The Company is seeking additional opportunities in the craft beer industry. For additional World of Beer locations that are developed through the joint venture, Attitude Beer Holding Co. will hold a 51% interest in and New England World of Beer will hold a 49% interest in the joint venture's new World of Beer locations.

For more about HVCW: visit: www.attitudebeer.com 

About Attitude Drinks Incorporated (OTC PINK: ATTD)

Attitude Drinks Incorporated is an innovative and opportunistic beverage brand development company with a current focus on the full commercialization of a pure milk recovery drink, utilizing recent scientific evidence, while confirming the benefits of milk and protein as an exercise recovery aid. Phase III® Recovery is sold in select local and regional markets including colleges, convenience stores, fitness centers and gyms, as well as online. 

Attitude Drinks Incorporated is the majority owner of Harrison, Vickers & Waterman Inc. (OTCBB: HVCW), which is the owner of Attitude Beer. 

For more about Attitude Drinks Incorporated visit www.attitudedrinks.com

About World of Beer

Since opening its first tavern in Tampa, Florida in 2007, World of Beer has grown to over 70 locations in 18 states. What began as a neighborhood tavern to sample great craft beers and swap beer-talk for co-founders Scott Zepp and Matt LaFon is becoming a unique cultural phenomenon celebrating the world of craft beers, great food and camaraderie. Centered on a diverse selection of local and global craft beers, delicious "tavern fare" and live music, World of Beer offers the best craft variety on the planet to the beer aficionado and casual beer fan alike.

For more about World of Beer visit: www.worldofbeer.com

About New England WOB, LLC

New England WOB, LLC (NEWOB) was established in 2013 to franchise and develop World of Beer locations in their New England based territory. Stamford, Connecticut was the first location launched during the summer of 2014, and NEWOB opened its second restaurant in West Hartford, Connecticut in January 2015 and is planning to continue the aggressive roll out of new units. NEWOB's two managing directors are Glenn Straub and Dan Cecil, both of Palm Beach County Florida. Glenn and Dan have broad business experience as entrepreneurs, operators and developers, having managed numerous businesses and commercial real estate ventures

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include statements regarding the timing of the commencement of operations of the new taverns. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the Company's ability to complete its intended growth plans in a timely manner and the other factors discussed in the Business and Management's Discussion and Analysis sections in our Annual Report on Form 10-K for the year ended March 31, 2014 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.

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