CEO Of DC Brands International Provides Additional SEC Updates
DENVER, CO -- Today, DC Brands International’s (PINKSHEETS: DCBI) President & CEO Richard Pearce said, “It has been a very hectic day to say the least. We have learned a little more and are absolutely unconcerned with this recent action. In short, the SEC is looking for pump and dump sham companies, not real companies with payroll records, purchase orders, customers, advertising budgets, etc., etc. What kind of pump and dump Scam Company would go through the hell we went through last year and invite all shareholders to come to our building to touch, feel and understand the problem? We also answered any and all questions, video taped the entire meeting and then made copies available to everyone who asked. We had real bad news and we reported it and our stock took our beating. We lived through it, fixed the problems and launched our all new, fantastic product, Turn Left. Since then, everything has gone extremely well and we are once again telling the public the truth about the good news and the stock has rebounded tremendously without ’one red cent’ paid for any type of promotion whatsoever, outside of the few hundred dollars it cost for a press release. We are preparing and will make available upon request an enormous amount of documentation that provides names, addresses and telephone numbers to allow the SEC to quickly and directly contact each and every part involved with any press release we have issued since this turnaround began. We will send copies of the shareholder meeting video tape as well as any and all financial or other information they may request including AR/AP inventory on hand; you name it. I guess we are a victim of our own success. What I’m completely sure of is the SEC is trying to protect the public as well they should. I can’t help that we had a great month and that put us in to some kind of profile. But I know we are not who or what they are looking for and we will bend over backwards to fix this as quickly as possible. I would like to say that we continue to have great results and progress on the streets with our sales efforts and we will begin to report them to you all as quickly as we can put this behind us. I don’t believe it is the intention of the SEC to interfere with the operations of legitimate companies. Therefore, I would hope they want this put to bed and cleared up as fast as we do. However, it will be a process and we will cooperate to the absolute fullest extent. Meanwhile, we are not taking our eye off the ball of what we are here to do and that is become a leading brand in the energy drink market. I thank all of you for your continued support, understanding and patience.”
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption “Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price.” The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
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