CORRECTION: CORRECTION: RTXBQ PLAN APPROVED EXITS BANKRUPTCY Jul 01, 2014 OTC Disclosure & News Service
Dallas, TX -
Bankruptcy Plan Accepted Republic of Texas Brands Exits Chapter 11
DALLAS, TX--(July 1, 2014) - The Northern Texas Bankruptcy court this afternoon accepted Republic of Texas Brands, Inc. (PINKSHEETS: RTXBQ) Bankruptcy Reorganization plan and the voluntary Chapter 11 is now over. Tom Shuman the new CEO stated ?It will take a couple of days for the symbol RTXB to be restored as it needs
to be reviewed by OTC Markets and verified prior to the symbol being dropped. With this now behind us we can now move forward with our business plan. We would like to thank all of the loyal shareholders who have hung in there with us and I believe they will be very impressed with our new line of hemp based beverage products. We plan on making a formal announcement after the 4th of July holiday. Stay Tuned our
quarterback is ready.
" We want to once again remind our shareholders that the share structure will be improved post Chapter 11 with a reduction of the Authorized Shares to 400,000,000 and the Outstanding Shares will be reduced to approximately 211,000,000 shares with an approximate float of 100,000,000 shares."
About Republic of Texas Brands Incorporated:
Our mission is to be the premier Hemp Beverage Company in the USA.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
