SOURCE: Hall of Fame Beverges

July 12, 2010 09:45 ET

HFBG Offers Shareholder Update Ahead of Distribution Partner Announcement

LOS ANGELES, CA--(Marketwire - July 12, 2010) - Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) President Calvin Ross addresses shareholder questions and concerns leading up to this week's announcement of the company's new distribution partner. 

"We are excited to have reached the week we'll be unveiling our new distribution partner. Our partner requested we push the date back to allow both companies to present a dual announcement to its shareholders and those who are associated with our private partner. We will be releasing the news this week and we're ready to hit the ground running with our new distribution network and our newest management consultant," Ross said.

HFBG's President would also like to clear up some items with shareholders that continue to arise in phone calls and emails. First, Ross said he will commit to the company's shareholders there will be no reverse split in 2010. "I have been getting plenty of calls and emails asking about a reverse split, and the simple truth is a reverse split is absolutely not in our plans anytime this year or anytime soon for that matter and never has been. We have made good use of the shares this company has outstanding, and those shares have allowed us to further this business well into the future."

Also, late in the Second Quarter, Hall of Fame Beverages raised the number of Authorized Shares the company had in its share structure. In another commitment to shareholders, Ross said, "we are fully funded and there will not be any further increases in the Authorized Shares for the remainder of 2010."

Finally, Ross says shareholders should continue to follow the company's website as the site is currently being updated. 

About Hall of Fame Beverages

Hall of Fame Beverages, Inc. is a new lifestyle company dedicated to building long-term success through the creation, manufacture, distribution, and marketing of innovative non-alcoholic beverages recognized for their fresh, standout brand identities that rise above the plethora of average products. Hall of Fame Beverages is a team of visionary and seasoned beverage industry executives who intend to leverage their expertise and their established resources in beverage commerce to make Hall of Fame Beverages one of the industry's big winners via its signature brands Atomic Dogg Super Soda and Grand Ma Ma Sweet Southern Tea.

"Safe Harbor Statement"

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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