Business
Accel Brands and DNA Brands form Joint Venture
Accel Brands and DNA Brands form Joint Venture.
About this update from Dna Brands, Inc.
[{"type":"text","content":"\n\n New york, NY, May 20, 2016 (GLOBE NEWSWIRE) -- \n New York, NY ,May 19, 2016 --  Accel Brands Inc. aka Accelpath, Inc (OTC Pink: ACLP) and DNA Brands Inc. (OTC PINK: DNAX) , the owner of DNA Energy Drink are happy to announce that the two companies have agreed to enter into a new joint venture agreement to focus on the sales, marketing, product development, cross branding  and brand extension activities of DNA Brands existing brand portfolio, primarily DNA Energy.   The new joint venture will focus on the following: 1 Reintroduction of DNA Energy Drinks in various domestic and international markets across a broad range of distribution channels  2 Collaborate on new product development and the development of brand extension opportunities around the DNA Energy IP -      Hemp/ CBD energy shots and functional beverages, consumables, spirits and other related products  Accel Brands, Inc  is a vertically integrated beverage holding company primarily focused on the spirits, wine and beer sector.  Through it’s wholly owned Subsidiary,   STI Signature Spirits Group LLC,  the company owns, operates or has brand management rights to several spirit brands including Copa Imperial Tequila, Tiny’s Tequila and Tequila Alebrijes. DNA Brands, Inc.(www.dnaenergydrink.com)  produces, markets, and sells carbonated blends of energy drinks in the United States.  The company  is a Two time winner of the “World’s best tasting energy drink” (2010, 2012).  The company currently owns  intellectual property of eight flavors and blends. On February 1, 2016 the company had a change in management, in an effort to expand and diversify the existing DNA Energy brand as well the company’s portfolio of products and brands. The goal of the new venture is to leverage each company’s collective experience and resources to reinvigorate and re-energize the DNA Energy brand . The new venture intends to move DNA Energy into the future with a direction and focus that will enable it to remain competitive with other brands in the sector,  while also opening new doors and creating new opportunities for the brand to enter other areas of product development and distribution where the company can extract the most value out of the brands int...