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. (Ticker: 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.