SOURCE: Minerco Resources, Inc.
NASHUA, NH--(Marketwired - Mar 25, 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, updates time and scope of Investor Conference Call and development of The Herbal Collection ("THC").
Investor Conference Call
The Company / Level 5 Conference Call has been scheduled for the week of April 21, 2014. The call will provide investors with a brief recap of the milestones reached to date but will focus on the upcoming opportunities (and challenges) for Level 5. The conference call was previously delayed to capture the greatest number and most influential opportunities. The exact time and date of the Investor Conference Call will be made available one week before the Call.
The Herbal Collection
On March 2, 2014, Level 5 applied for, and expects to receive, the trademark: The Herbal Collection ("THC"). With this new brand and trademark, Level 5 is strategically positioning itself to build on its already impressive portfolio of all-natural beverage products. Our plan is to incorporate THC Brand into our portfolio, both horizontally and vertically.
Management views the growth of the THC brand is twofold: 1) by tactically developing "product" in house while 2) strategically evaluating business relationships such as partnerships and Joint Ventures with other established companies in targeted, vertical markets. Level 5 is currently in late stage discussions with a private company, based in Denver, Colorado, to combine our respective expertise into a single venture. This private company enjoys a large presence and established contacts in the industry and has approximately ten products in advanced development in all the vertical markets we have identified.
The Company is very excited about this new opportunity, and we will move quickly and efficiently, yet responsibly, to make our vision a reality. While we expect THC Brand to create significant revenues, the addition of THC Brand will not take any effort or capital away from the existing LEVEL 5™, COFFEE BOOST™ or VitaminFIZZ® Brands.
V. Scott Vanis, the Chairman of the Company said, "We are finally prepared to share our updated list of milestones reached in our Conference Call. Level 5 has accomplished a lot in the past year, and we will be focusing on our plan for the future on the Call. In our always forward thinking philosophy, our newest brand being developed, The Herbal Collection, will position our companies to be in a front position as the industry evolves. On a financial note, Level 5 has been generating revenues and accounts receivable at a healthy pace; however, we have been reinvesting all the sales back into the business downstream of the bank accounts in the form of direct marketing and sampling. In the very near future, Minerco will also be reinvesting these monies into debt negotiation and repayment. These upcoming reductions in debt will allow the Company to move onto a larger and healthier playing field. As always, we will keep you informed of developments and opportunities at the soonest opportunity."
Please contact: Minerco Resources, Inc.
John F. Powers, 888-473-5150
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). These products are 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.