Business
Appalachian Mountain Brewery CEO Issues Shareholder Update
Appalachian Mountain Brewery CEO Issues Shareholder Update.
About this update from Optimus Healthcare Services, Inc.
[{"type":"text","content":"\n\n BOONE, N.C., July 06, 2016 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (OTC:HOPS) (“AMB”) CEO Sean Spiegelman provided a shareholder update today advising on current activities and refreshing its corporate strategy for 2016. “As represented in our most recent financials, both revenue and profitability are up significantly, a trend we expect to sustain as our Master Distribution Agreement with Craft Brew Alliance continues to evolve and accelerate,” stated Spiegelman, adding, “We are pleased and proud to provide shareholders the clear evidence of our progress and expectations with regard to the Company’s growth, sustainability and profitability.”\n GrowthAttributed to the Company’s ongoing distribution expansion, this level of growth is expected to repeat YoY as regional sales increase and potential new markets in South Carolina, West Virginia, Kentucky and Tennessee are explored in conjunction with its Craft Brew Alliance (CBA) partnership and CBA becomes further entrenched in AMB’s marketing efforts.  Specific growth highlights to date this year include: For the three months ended March 31, 2016, revenue increased 47% to $511,743 compared to same reporting period last year. Total revenue increased 88% to $1,735,418 for year-end December 31, 2015 compared to year-end 2014.  In the first six months of 2016, the Company has surpassed its total Craft beverage production for all three previous years combined since the Company’s inception (2013-2015) by over 30%.   As of May 21, 2016, The Nielsen Company reported that AMB Flagships Long Leaf IPA and Boone Creek Blonde currently rank #1 and #2 in all leading retailer Food Lion stores based in North Carolina.  Additionally, Long Leaf IPA is ranked # 2 and Boone Creek Blonde ranked # 4 in the entire state of North Carolina in 4 pack 16 ounce cans. SustainabilityFollowing the release of our sustainability report in April, provided by SASB (Sustainability Accounting Standards Board), we announced in May the Company is now running on 100% pollution-free electricity through a partnership with national clean energy provider Arcadia Power.  AMB CFO Jeremy Barnes stated, “These two events in conjunction demonstrate our success in executing a sustainable model that meets both environm...