Business
Good Vibrations Shoes Acquires Long Island Based Long Beard Brewing Company
Good Vibrations Shoes Acquires Long Island Based Long Beard Brewing Company.
About this update from Good Vibrations Shoes Inc.
[{"type":"text","content":"\n\n\n\nGood Vibrations Shoes Acquires Long Island Based Long Beard Brewing Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGood Vibrations Shoes Acquires Long Island Based Long Beard Brewing Company\nPR Newswire\nNEW YORK, Jan. 5, 2016\n\n\n\nNEW YORK, Jan. 5, 2016 /PRNewswire/ -- Good Vibrations Shoes, Inc. (OTCPink: GVSI) today announced that the company has signed a deal to acquire the up-and-coming \"Micro-Brewery\" or \"Craft Brewery,\" in which the Long Beard Brewing Company will become the surviving entity.\n\nAs part of the deal, former wholly owned subsidiary, Vindai Corporation will be sold back to its founders, and the Long Beard Brewing Company will become the controlling entity as a subsidiary. Good Vibrations Shoes will file for a name change within the next two weeks to complete the terms of the deal. \"Micro breweries\" or \"craft breweries\" as they are also known, have been growing tremendously in the past several years, and more recently several breweries based in Long Island have gained national and even global notoriety as more and more beer drinkers are preferring the full flavored craft beer over the mass produced variety. \n\nWearing their impressive, long beards, the two founders, Paul Carlin and Craig Waltz have an exciting line of tasty craft brews for which they believe the public will go nuts, including their \"Old Scruff Pale Ale\" and \"Evolution 90 Minute IPA.\" Based in Riverhead, New York, Long Beard Brewing Co. occupies a former firehouse, the perfect venue to build out its close to 4000 sqft brewery including a 900 sqft tasting room, which should open in the spring if all goes as planned. Not the first such brewery to take root in Riverhead, Long Beard joins Long Ireland Beer Co., Crooked Ladder Brewing Co. and Moustache Brewery, all successful Long Island based breweries. \n\nAlthough the company already completed a portion of a private funding on its own, being publicly traded will help Long Beard Brewing Company raise additional capital when needed to really take the market by storm. New York based private eq...