Harrison, Vickers, and Waterman Announces Better Than Expected Revenues

SOURCE: Harrison, Vickers, & Waterman, Inc.

 

 

West Hartford Location Proves Profitability of HVCW's Business Plan

 

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.

 

 

CONTACT INFORMATION

 

Roy G. Warren 
CEO
Attitude Beer, Inc.
[e-mail]
www.attitudebeer.com