Business
Appalachian Mountain Brewery Announces Record Growth
Appalachian Mountain Brewery Announces Record Growth.
About this update from Optimus Healthcare Services, Inc.
[{"type":"text","content":"\n\n BOONE, N.C., Aug. 18, 2016 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (OTC:HOPS) (“AMB”) today announced record revenue growth for second quarter 2016, in addition to reporting significant increases in both retail and wholesale operations.\n Key Highlights: For three months ended June 30, 2016 revenue increased 106% to $1,123,891, compared to $511,743 for the same reporting period last year.Total wholesale sales increased 1,150% over the past twelve months compared to the previous twelve months.Retail beer sales increased 24% during the second quarter compared to the first quarter of this year.  Retail beer sales increased 18.5% over the past twelve months compared to the previous twelve months.Retail cider sales increased 129% during the second quarter compared to the first quarter of this year. Retail cider sales increased 38.1% over the past twelve months compared to the previous twelve months. “From our inception we have worked diligently to position the company for sustainable exponential growth.  We believe this quarter represents a significant indicator of our ability to consistently drive new fundamental growth in the robust craft brew landscape while maintaining our commitment to social mindedness,” stated Company CEO Sean Spiegelman, “The result is we are creating long-term shareholder value and intense brand loyalty, both keys to our long-term success.” AMB CFO, Jeremy Barnes added, “Our Master Distribution Agreement (MDA) and Alternating Proprietorship (Alt. Prop) with Craft Brew Alliance (Nasdaq:BREW) continues to aid the velocity of our growth and surpass our projections. We look forward to evolving this partnership moving forward and expect it will continue to positively impact AMB’s expansion this year and beyond.” About Appalachian Mountain Brewery, Inc. Comprised of two wholly-owned subsidiaries, its craft beer business “Appalachian Mountain Brewery, LLC” is dedicated to making seriously delicious craft beer while focusing its business model on community, sustainability and philanthropy. Winner of numerous medals and awards, the Brewery brews and offers for sale many different craft beers. Its wholly-owned subsidiary “FarmToFlame, LLC” operates a food truck that features a unique wood fired oven in the ...