NORTH PALM BEACH, FL--(NewMediaWire - Mar 22, 2016) -
Harrison, Vickers and Waterman, Inc. (Attitude Beer Holding
Company) "The Company" (OTCBB: HVCW) announced today higher revenues than
originally expected from our West Hartford World of Beer
tavern. The location recorded $3.4 million dollars in revenues
in its first fiscal year of operation since the 4,000 sq. foot
tavern opened in January 2015. The company also recorded an
EBITDA of $342,551 and net income of $171,557.
CEO Roy Warren commented, "This is the first of several World of
Beer taverns we will be opening. These results prove the
profitability of these franchises, and that profitability will only
increase as we add more locations, allowing us to receive volume
discounts from area vendors."
Through their joint venture with New England WOB, LLC. and
Southeast Florida Craft LLC (same partners) the Company is
developing World of Beer franchised locations in the state of
Connecticut, Greater Boston area as well as Dade and Broward
Counties in Florida.
About HVCW
Harrison, Vickers and Waterman Inc. ("HVCW") is in the process
of changing its name to Attitude Beer, Inc. after merging with
Attitude Beer Holding Co. HVCW has established a joint venture with
New England WOB, LLC ("NEWOB") and Southeast Florida Craft LLC
("SFC") to develop select World of Beer franchised locations in the
state of Connecticut, greater Boston area and Dade and Broward
counties in southeast Florida. Companies like Dave &
Buster's Entertainment, Inc., Buffalo Wild Wings, and Chipotle have
shown investors have an appetite for fast casual dining
stocks. HVCW represents the best way to invest in the rapidly
growing World of Beer franchise.
For more about HVCW: visit: www.attitudebeer.com
About World of Beer
Since opening its first tavern in Tampa, Florida in 2007, WOB
has grown to 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, WOB
offers the best craft variety on the planet to the beer aficionado
and casual beer fan alike.
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 June 30, 2015 and subsequent Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K.
