Company CEO Paul Carlin commented, "I am very excited about releasing the label designs to the public because I want them to see that we are not just another micro brewery. We have a lot of creative ideas and we aim to push the envelope and stimulate the senses with uniquely tasty brews."
The company has also taken some debt off the books and hopes to release update financials very soon showing that. Although removing debt from the books always involves some small increase in the OS, Good Vibrations Shoes has tried to negotiate to remove this debt with the least amount of dilution possible. This will help to clean up the books and put the company in a better position moving forward. The company is also preparing to file for a name change from Good Vibrations Shoes, Inc. to Long Beard Breweries, Inc. The company did file an earlier application, which was denied due to a technicality, which the company feels was an oversight on FINRA's part. FINRA mistakenly thought the company was fully reporting, and because of the way the system works the only option was to wait and re-file or go through a timely and expensive appeals process. Long beard will take extra measures this time around to clarify its status as a non-reporting company, which is expected to cause the name change to go smoothly. For the most part, major marketing and product rollout has been delayed awaiting the approval of the name change.
ABOUT GOOD VIBRATIONS SHOES
Good Vibrations Shoes operates a wholly owned subsidiary business called Long Beard Brewing Company, which is a "craft brewery" or "micro brewery" based in Long Island, New York. To find out more about the company, please visit its website at www.longbeardbrewing.com.
This Release may contain forward-looking statements within the meaning of the Private Securities Ligation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. These statements reflect what the Company currently believes and are based upon information currently available. Accordingly, such forward–looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information provided in this Press Release including such forward-looking statements.
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SOURCE Good Vibrations Shoes, Inc.