Top Shelf Brands Update Shareholders on Legal Case with Former Officers and Reiterates Its Focus on Imminent Product Launches

Houston, TX / ACCESSWIRE / Aug 15, 2014 / Top Shelf Brands Holdings, (a Nevada Corporation) (OTCBB: TEMN), Top Shelf Brands is pleased to announce today that the long and awaited summary judgment court case regarding the permanent cancelation of the 1 Billion shares that we believe to be fraudulent, was cancelled. The shares in question will continue to be held in safekeeping with the courts indefinitely until proven otherwise.

CEO Alonzo Pierce stated, “I am shocked that the opposition has decided submit affidavits and subject themselves to litigation which may lead to possible investigation related to alleged fraudulent activity. We have hired a team of highly experienced attorneys who are extremely confident that the non-registered shares in question are not valid and will indeed in time, be canceled. We will move to the next stage in this matter which will include “discovery” which we believe will clear this matter up completely”

Mr. Pierce continued to state, "My main priority is to focus all of my time on building our brands, increasing top line revenue growth and profitability which will result in an increase shareholder value. There is NO REVERSE SPLIT in our plan as we move forward as we value our loyal shareholders. Our new, highly anticipated Tequila mark, Besado is currently in production and is scheduled to launch imminently. The first shipment of 25,000 bottles of Besado and additional inventory of Dziaq will be dispersed to Florida, Texas, New York, and Georgia. Finally, we are still on track to successfully achieve our 2015 top line revenue target of fifteen million dollars".

About TSB:

Top Shelf Brands Holdings incubate, create, markets and supplies branded alcoholic beverages with an initial offering of Tequila, Liqueur and Bourbon. Being a federally licensed importer and supplier of alcoholic beverages gives us a competitive edge. Top Shelf Brands is dedicated to “Incubating and Creating Brands People Talk About”. Top Shelf Brands is positioned to capitalize on the $1 trillion spirits industry. Strong growth in the industry is anticipated primarily in the premium category.

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Team Nations Holdings Corporation, Inc.’s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Source: Top Shelf Brands Holdings Corp.