NORTH PALM BEACH, FL--(NewMediaWire - Oct 27, 2015) -
Harrison, Vickers and Waterman, Inc. (OTCBB: HVCW):
Attitude Drinks, Inc. (OTC
PINK: ATTD) announced today that its JV partner, New
England WOB LLC, has signed a definitive lease agreement for a
location in the prestigious CambridgeSide Galleria in the
Cambridge/Boston, Massachusetts area. As with previous agreements
in West Hartford and Milford, Connecticut, the Company has agreed
to fund this new venture whereby HVCW will own 51% of the tavern
while the restaurant will be operated by New England WOB
LLC.
This CambridgeSide Galleria location enjoys a number of
extraordinary attributes including a 4,300 square foot location
with internal and external access. The Galleria represents a total
of one million square feet, has over seven million visitors
annually, 2,500 parking spaces and 630 adjacent hotel rooms. There
are 250,000 college students in the Cambridge/Boston area and the
Galleria is surrounded by twenty million square feet of office and
R&D space. Construction will begin in January and operations
should commence by spring 2016.
Roy G. Warren, CEO of HVCW, commented, "We continue to be
delighted to invest in this exciting new concept with our great
partners at New England WOB LLC. The West Hartford tavern that
began operation in January continues to outperform our forecasts
and we are increasingly confident that the WOB concept, combined
with the managerial expertise of our JV partners and the geographic
locations sourced for our business is proving to be an exciting
prospect for all stake holders."
About HVCW
Harrison, Vickers and Waterman, Inc. is the owner of Attitude Beer,
Inc. Attitude Beer has a joint venture agreement with New England
WOB LLC to develop select World of Beer franchised locations in the
State of Connecticut and greater Boston areas. Together we opened a
4,000 sq. foot WOB tavern in West Hartford, CT in January 2015 that
sells a selection of over 500 craft and imported beers along with
tavern food and other spirits and drinks. New England WOB LLC holds
franchise rights for all of Connecticut and the greater Boston
area. Recently, Attitude Beer announced an agreement with New
England WOB LLC to develop new taverns in Milford, CT and Boston,
MA. 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.
plans to hold a 51% interest and New England WOB LLC will hold a
49% interest in the joint venture's new World of Beer locations.
For more about HVCW: visit: www.attitudebeer.com
Disclaimer
This press release contains 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
prospects of improving the results in the West Hartford WOB tavern
and continuing to refine this business concept in more taverns, and
the timing of the renovation and 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
improve its results and accelerate its growth, open new taverns,
exploit this niche in the craft beer industry and the other risk
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.
