RTXBQ Names Former Professional Athlete Tom Shuman as New CEO
RTXBQ Prepares to Leave Chapter 11 With a High Powered Offense
DALLAS, TX–(Marketwired – Jun 24, 2014)
Republic of Texas Brands, Inc. (Ticker: RTXBQ) is proud to announce former professional athlete and Beverage Industry Executive Tom Shuman as the new CEO of Republic of Texas Brands. Tom has over 30 years of beverage industry experience including such soft drinks greats as Coca-Cola, Dr Pepper and 7UP. In addition to countless distributor and marketing contacts, Tom Shuman has also launched from concept to store shelves the 100 calorie SMARTERITA Margarita drink that is currently stocked on various retailers’ shelves in Texas & Illinois. SMARTERITA can be found in SPECS, Goody Goody and PK Liquors locations, and has been authorized for distribution in 7-Eleven stores in seven states.
“Republic of Texas Brands has prepared an investor friendly Chapter 11 exit strategy that is awaiting ratification by the courts in a confirmation hearing on July 1st. As soon as the Chapter 11 is behind us we plan to bring in the offensive unit and very quickly move forward as a whole company,” states Tom Shuman the new company CEO. “Our first play from offense is to move forward with the introduction of a series of new hemp based drinks. The new Iced Tea drink which has already been formulated will be our first introduction and will be soon followed by an exciting new energy drink. We have been working with a marketing company for several months developing and trade marking the new beverage products. A Texas based bottling company will produce the Iced Tea drink and we hope to go to production over the summer and get the product immediately placed in local stores. The new Iced Tea drink will be branded with several unique product labels and will have very strong demographic appeal by our targeted markets. Retailers will be quick to jump on board as the product will offer superior product margins, a larger product size, more attractive retail price points and stylish labeling, we believe the new product will score a touchdown in retail stores.”
Tom Shuman the new CEO stated, “Looking forward to the emergence of Chapter 11 loyal shareholders will benefit by a reduced Authorized and Outstanding Share count and no reverse splits.”
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