AccelPath, Inc. Announces Update on Stock Split and Name Change
NEW YORK, Nov. 18, 2015 /PRNewswire/ -- AccelPath, Inc a publicly traded reporting company under the ticker symbol (OTC Pink/ACLP - News, hereinafter the "Company") announced that in February 2015, the Company submitted an application to FINRA to process the reverse stock split and name change that was approved by the board of directors of the Company and majority shareholder on December, 19th, 2014. However, FINRA did not approve the initial application and accordingly, if the Company wishes to move forward with either of these corporate actions it must resubmit new applications to FINRA. At this time, the Company's new management team has decided that it only intends to resubmit the application to process the name change of the Company to Accel Brands, Inc., which has already been accepted and approved by the state of Delaware, where the Company is domiciled. As Accel Brands, The Company intends to seamlessly leverage the infrastructure, collective knowledge base and professional resources of its subsidiary, STI Signature Spirits Group, LLC, with new opportunities in the spirit and wine sector, to create a portfolio of synergistic products and services that will compete at the highest levels across multiple channels of the sector. The Company will continue to keep all of its options open as it continues to move its new platform forward.
For additional information please visit www.accelbrandsinc.com
About Accel:
The mission of Accel, is to create a dynamic, vertically integrated, holding company in the spirit and wine sector, through acquisitions, brand development, joint ventures, and exclusive sales and marketing agreements. The Company's planned strategy focuses on small revenue generating companies that have young, niche brands with superior products and high potential for growth in key domestic and international markets.
About STI Signature Spirits Group, Inc (www.stisignature.com) :
STI Signature Spirits Group, LLC, is a brand development, management, sales and marketing company founded in 2013 with a primary focuses on the wine and spirit sector. The company currently owns and operates two brands, Tiny's Tequila (www.tinystequila.com) and Copa Imperial Tequila (www.copaimperialtequila.com). The company plans to continue building its platform through strategic partnerships, brand creation and acquisitions in the spirit and wine sector.
Forward-Looking Statements
This release includes forward-looking statements on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding the contribution of our distribution contracts and our future growth. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, among others, an inability to maintain the distribution agreements or for such agreements to generate the anticipated sales and other factors described in our report on Form 10-K for the year ended 10K for the Year ended March 30, 2015 and any other filings with the SEC. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Copies of these filings are available at www.sec.gov.
SOURCE Accel Brands, Inc.
Share this article