Business
Appalachian Mountain Brewery, Inc. Announces Q2 2015 Revenue Increased by 60%
Appalachian Mountain Brewery, Inc. Announces Q2 2015 Revenue Increased by 60%.
About this update from Optimus Healthcare Services, Inc.
[{"type":"text","content":"\n\n BOONE, N.C., Aug. 17, 2015 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (OTC:HOPS), announced 2nd Quarter revenue increased significantly and was up 27% to $478,572 compared to 1st Quarter 2015 at $348,844.  Revenue increased by 60% to $478,572 for Q2 2015 versus $192,450 for Q2 2014.  Net profit increased by 32% in Q2 2015 to $111,852 compared to $76,317 in Q2 2014.  AMB’s gross margin remained flat but extremely strong during the 2nd Quarter at 77% compared to the same period 2014. \n Alternating Proprietorship, Master Distribution Agreement and Philanthropy Effective April 1, 2015, AMB signed a Master Distribution Agreement (MDA) and began implementing our strategic partnership with Craft Brew Alliance (CBA).  We are now able to leverage the CBA Wholesale Distribution Network in North Carolina and beyond.  Currently, the wholesale network has since enabled both our craft beer and cider lines to become more available to more customers at select restaurants, bars, grocery stores, bottle shops and retail chains across Western and Central North Carolina.  Additionally, under our Alternating Proprietorship agreement, AMB started brewing test trials of our core beers in Portsmouth, NH.  We are excited to be able to increase capacity significantly by leveraging excess capacity that CBA has in Portsmouth, NH.  Some of the major advantages to doing an Alternating Proprietorship is that the AMB brewery team, led by Nathan Kelischek our Master Brewer, gets to brew on CBA's 100-Barrel brewery system in Portsmouth, NH, while continuing to maintaining complete control over all of our beers, brand, as well as the quality control process and procedures in getting to our final products that will be distributed thru our Master Distribution Agreement.  Our initial plans are to offer draft and 16 oz. cans of all of our core beers by end of Q3 2015 with future plans for additional craft beer offerings.   We're extremely proud of the relationship we have been building with CBA over the recent months and now we are able to actualize the relationship through both our Alternating Proprietorship and our Master Distribution Agreement.  “One of the most important parts about the Alternating Proprietorship and Master Distribution Agreement is that we will be able ...