Business
Appalachian Mountain Brewery, Inc. Announces Q3 2015 Revenue Increased by 89%
Appalachian Mountain Brewery, Inc. Announces Q3 2015 Revenue Increased by 89%.
About this update from Optimus Healthcare Services, Inc.
[{"type":"text","content":"\n\n BOONE, N.C., Nov. 16, 2015 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (OTC:HOPS), announced third quarter revenue increased significantly, up 89% to $504,214, compared to third quarter 2014 at $266,283, as wholesale distribution with Craft Brew Alliance expanded throughout Western North Carolina. AMB’s gross margin remained extremely strong during the third quarter at 57%. \n “We are very pleased with our results this quarter and with our distribution partnership with Craft Brew Alliance.  We firmly expect to continue to see this kind of growth as our core portfolio of beers will be made available in draft across our home state of North Carolina, starting November 30, 2015.  Additionally, AMB and CBA have targeted a date in the beginning of February 2016 for a North Carolina state wide roll out of our Long Leaf IPA, Boone Creek Blonde and Spoaty-Oaty Appalachian Pale in 16 ounce cans.  It is an exciting time to be a part of the craft beer explosion across the United States and beyond,” said Sean Spiegelman, CEO of AMB, Inc. Looking towards the future with HPG, LLP Over the past several months, Appalachian Mountain Brewery, Inc. (AMB) has prepared for the anticipated growth that will result from our master distribution agreement and alternating proprietorship with Craft Brew Alliance Inc.  A large part of this preparation has been bringing our accounting function in house, led by controller Jeremy Barnes.  AMB, Inc. is creating an integrated financial information system to ensure accurate, timely, and complaint financial reporting.  AMB has engaged Hughes Pittman & Gupton, LLP of Raleigh, NC in a consulting role to provide advice concerning our financial reporting processes as we seek to optimize our position and maintain the high quality reporting our investors deserve as AMB prepares for growth. About Hughes Pittman & Gupton, LLP (HPG):
  For more than 30 years, HPG, an independent, North Carolina CPA firm, has served the needs of local, multi-state, and international businesses. More than just an accounting firm, HPG’s mission is working together to REACH success. The firm utilizes specialized teams to address the unique tax, audit, accounting, and advisory needs of owner-managed and investor-owned clients across a wide range of indu...