Business
Good Vibrations Shoes files to change name to Long Beard Breweries as new micro-brew business model gets underway
Good Vibrations Shoes files to change name to Long Beard Breweries as new micro-brew business model gets underway.
About this update from Good Vibrations Shoes Inc.
[{"type":"text","content":"\n\n\n\nGood Vibrations Shoes files to change name to Long Beard Breweries as new micro-brew business model gets underway\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 files to change name to Long Beard Breweries as new micro-brew business model gets underway\nPR Newswire\nNEW YORK, March 23, 2016\n\n\n\nNEW YORK, March 23, 2016 /PRNewswire/ -- Good Vibrations Shoes, Inc. (OTCPink: GVSI) today announced that it has filed with the state of Nevada and FINRA to change its corporate name to Long Beard Breweries, Inc. as the company adapts the growing micro-brew or craft beer business model of its recently acquired subsidiary, Long Beard Brewing Co.\n\nNow that various corporate housekeeping items have been completed in preparation of the change, the company is ready to begin building the world's next big craft beer brand. Jumping many legal hurdles and wading through the mountains of red tape necessary to set up a commercial brewery, Long Beard is now on the path of preparing to build out its unique Long Island brewery and tasting room, and more importantly to start its first batches of beer as a commercial brewery once the appropriate licensing is processed by the Federal Government. If all goes well the company could be putting out its unique brew in time for summer.\n\n\"We could not be happier with the process so far,\" commented Long Beard's Chief Executive Officer, Paul Carlin. \"The approvals are flowing in because we took the time to do everything the right way, and we are confident the last steps will be completed very quickly allowing us to start doing what we love, making great beer.\" \n\nThe company was waiting to file the name change amendment until there was a level of certainty that the project would be approved fairly soon, and now since that is the case, the process of formulating a public equity strategy can begin. The first part of that strategy is to create a share structure that will allow liquidity for new investors while protecting existing shareholders. As part of this strategy some shares will be issued to the two p...