HIGH PERFORMANCE (OTCMKTS:TBEV) announced that they have finalized a Co-packing and Bottling deal with Southeast Bottling & Beverage for their product line of High Performance Sports Beverages. The associate company provides a diverse range of leading beverage manufacturing using a comprehensive portfolio of services including distribution and relational service, warehousing, fulfillment, and cost-effective co-packing with excellence and exceptional quality.
The significance
High Performance stated that Southeast Bottling uses experienced and highly qualified nutrition technologists, production engineers and chemists. They are committed to maintain the superior standards of environmental protection. The team follows a set of recycling and Organic protocol along with stringent adherence to FDA and superior Manufacturing practices. The company is located in Dade City and features a 76,000 square foot facility well equipped with the state-of-the-art facilities and equipment. Since 2001, it has offered over a decade’s experience as beverage co-packers.
The management speaks
Mike Holley, the President of High Performance Beverage, said that the signing of the new exclusive deal with Southeast Bottling in conjunction with the previously stated exclusive deal with Zuckerman-Honickman is the conclusion of numerous months of hard work in developing a top line dynamic team. It is an expert team that is capable of managing start-up to mass production of the High Performance product line of sports beverages. It will be able to manage the exponential growth as the company approaches closer to a new production date.
The other details
High Performance Beverage President also said that the management is pleased to disclose that they retired $50,000 in convertible notes. Also, they are taking necessary measures so as to restrict any potential dilution in the company.
In last trading session, the stock price of TBEV declined surged 50% to close the trading session at $0.00060. The gains came at a share volume of 355.07 million compared to average volume of 30.76 million.
