Harrison, Vickers, & Waterman, Inc. (OTCBB: HVCW), is pleased to announce their acquisition of Attitude Beer Holdings Co., a Joint Venture Partner of New England WOB, LLC, a franchise developer of “World of Beer Taverns.”
New England WOB, LLC, is an Area Developer developing and operating “World of Beer” franchises in the state of Connecticut and the Boston metropolitan area. World of Beer is an organization with approximately 70 company owned and franchised strategically themed craft beer restaurants in 18 states. Most World of Beer locations serve craft beer on 50 rotating taps and offer over 500 different local, regional, and imported bottled beer selections along with unique craft sprits and “Tavern Fare,” all served in a welcoming atmosphere by highly trained servers with in-depth beer knowledge.
Since opening the West Hartford, CT tavern this past February, the operating results of the tavern have exceeded expectations. With the consummation of this transaction, the Company plans to become an active owner of craft beer taverns, exclusively focused on building and growing World of Beer franchises.
Attitude Drinks, Inc., an innovative and opportunistic beverage brand development company (OTC PINK: ATTD), announced today their purchase of a majority stake in Harrison, Vickers, & Waterman, Inc.
Earlier in the year, Attitude Drinks, Inc. announced its joint venture partnership with New England World of Beer, LCC, a franchise developer of World of Beer taverns, as well as the opening date, Monday, January 26th, 2015, of its first World of Beer tavern in West Hartford, CT. This tavern, known for its 50 beers on draft and over 500 beers from around the world in bottle, will be the latest addition in the expanding franchise. Go to www.worldofbeer.com for more information.
Roy Warren, CEO of Harrison, Vickers, & Waterman, Inc., stated, “With the successful opening of our first WOB tavern in West Hartford CT, I am excited about the growth opportunity in this unique sector. Overall, we are proud to be a part of this incredibly fast growing franchise in the hottest area — craft beer, especially with each individual tavern’s potential to generate significant annual revenue and profits.”
According to the Brewers Association (BA), the national organization that represents the interests of small and independent craft brewers in America, the Craft Beer industry is a booming market, which averaged 10.9% growth over the past decade and of the 2,822 operating breweries in 2013, craft breweries represented 2,768 or 98% of all U.S. operating breweries. In 2014, the overall beer market produced $101.5 billion with the craft beer market responsible for $19.6 billion, up from $14.3 billion in 2013.
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. Learn more about World of Beer at www.worldofbeer.com
About New England WOB, LLC
New England WOB, LLC, 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.
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