Fort Lauderdale FL, June 10, 2016 (GLOBE NEWSWIRE) -- DNA Brands Inc Provides Shareholder update
DNA Brand Inc. is pleased to update shareholders and the public with recent company developments.
Last week CEO Adrian McKenzie was aggressively on the road with an Industry Powerhouse, (somewhat of a mentor, of the beverage business), who has over 30 years of experience in the Beverage Industry. Working and developing relationships in the South Florida convenience store market meeting vendors and distributors.
In recent weeks the company has received many inquiries regarding their OTC market status.
"This week the company was able to hire a bookkeeper and will be looking to upload Q1 2016 Financials, to OTC markets during the week of June 13th 2016. Once the Q1 financials have been uploaded to OTC markets, that will bring the company current once again. I do everything in my power to keep the company compliant with OTC Markets guidelines" stated Adrian McKenzie.
In conjunction many shareholders have expressed curiosity regarding the status of the recent batch sample products.
"We are actively tasting, testing and working with our scientific team at Parkside Beverage on getting product to the marketplace. We are taking definite steps to get it set up to satisfy both the public and shareholders in general. We also have been in negotiations with one of the largest marketing firms in the country, to coordinate our 4th quarter relaunch of product into retail" said Adrian McKenzie
“Shareholder loyalty is very important to myself and DNA Brands. This is a two way street. The company must have loyalty to shareholders as they have had to the company.”
To address a vital issue that has been a topic of concern to shareholders regarding rumors of a pending reverse split, CEO Adrian McKenzie stated the following:
"My goal here is to build a brand, and to build, not only a loyal consumer base but loyal shareholders as well. Being a former finance person, I can appreciate and acknowledge the above mentioned concern. The issue has come up several times regarding the possibility of a reverse split. In that regard, I want to state publicly and firmly, there is no reverse split on the table. Usually companies chose to utilize a reverse split, as a last option when the stock is illiquid and capital can no longer be raised. That is not the case with DNA brands. Both our creditors and shareholders, have been very supportive and continue to provide funding and support to the company. At the moment I am currently raising money to purchase product. In addition, trying to create a market where the stock can trade consistently at higher levels. If I can build a loyal shareholder base and have my shareholders own the majority of the public float of the company, they in essence can control their own fate with DNA Brands. I encourage that. I in turn can concentrate on building the company. I would rather have One Hundred loyal shareholders, who see the value and opportunity in my company, than Ten Thousand short sighted stock flippers, who are only interested on making a quick buck on the backs of others, any day of the week!”
Finally DNA wanted to assure the public and shareholders that it intends to provide updates going forward on a more regular basis.
"I look forward to updating our shareholders and the public with many new, and exciting sales and distribution opportunities.
About DNA Brands Inc: DNA Brands, Inc. produces, markets, and sells carbonated blends of energy drinks in the United States. The company is a Two Time Winner of the World’s best tasting energy drinks (2010, 2012). The company currently owns intellectual property of eight flavors and blends, of which the company is concentrating on the four most popular blends to intergrat back into the retail market near term.
DNA Brands would like to thank shareholders for their continued loyalty and to expect another PR next week and on a weekly basis as developments continue.
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Source:DNA Brands Inc.