TORRANCE, Calif., April 5, 2016 /PRNewswire/ -- American Brewing Company, Inc. (OTC: ABRW), an award winning craft brewery in Washington that acquired the Búcha® Live Kombucha brand and business last year and has since sold their brewing assets to capitalize on the fast growing healthy functional beverage category, today announced the launch of the Company's new website and their commitment to unveil their new marketing plans for the Búcha® Live Kombucha business during the investor conference call.
The Company's new website, www.mybucha.com went live this week unveiling the búcha® brand's new image, history and iconography, product portfolio, and announcing the Company's newest flavor to their line up, Elderflower Green Tea. Búcha® is one of the fastest growing brands in the fast growing Kombucha category that has been growing at a CAGR of nearly 40%. Driving the Búcha® brand's expansion has been rapidly growing distribution with major new mainstream retailer accounts across the United States. As a result, the Company is now committed to a multimillion dollar investment behind the Búcha® brand with its new campaign inviting consumers to … "Kom Bucha® with Us."
As previously announced, the Company's investor conference call will be held on Thursday, April 7th, at 11:00 AM EDT. Interested investors can listen to the call and participate in a question and answer session by dialing into the conference line at 1-800-895-0198 (domestic) or 1-785-424-1053 (international), using the conference ID: CEO.
About American Brewing
Based in Edmonds, Washington, American Brewing Company was founded in 2010 and became a public company trading under the ABRW symbol on August 7, 2014. As a craft brewer, the Company won major industry awards and accolades for quality. In the 2nd Quarter of 2015, the Company acquired 100% of the assets of Búcha® Live Kombucha, from B&R Liquid Adventure, LLC for a combination of cash and stock. On October 7, 2015, American Brewing sold 100% of their beer assets improving their balance sheet and providing working capital to expand their healthy beverage business. The transaction is expected to finalize imminently.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statement reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company including statements regarding American Brewing's expectation to see continued growth. The forward-looking statements are based on the assumption that operating performance and results will continue in line with historical results. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. American Brewing competes in a rapidly growing and transforming industry, and other factors disclosed in the Company's filings with the Securities and Exchange Commission might affect the Company's operations. Unless required by applicable law, ABRW undertakes no obligation to update or revise any forward-looking statements.
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SOURCE American Brewing Company, Inc.