Appalachian Mountain Brewery
has officially changed its name from North Carolina Natural Energy in a move
that has been approved by the Financial Industry Regulatory Authority. The
company will now trade under the new OTC stock symbol “HOPS.” Shareholders do
not need to take any action regarding this change.
This year, AMB plans to file
Form D with US Securities and Exchange Commission and Form U2A with the North
Carolina Secretary of State Securities Division, preparing to engage its 506c
Crowd Funding. This will allow qualified investors to take advantage of the
recently passed JOBS Act.
The JOBS Act allows
high-net-worth investors to contact AMB to participate in its growth by
purchasing preferred stock directly from the company in a private placement.
More information will be provided on the company’s website via investor inquiry
once the regulatory filings are in place with US SEC and NC State Securities
Division.
Meanwhile, AMB is currently
in the process of consolidating financial statements that show the results of
operations for 2013. The company is reporting that it was profitable, as craft
beers are growing in popularity in the U.S. beer market. Data compiled by
Bloomberg suggests that total American beer sales fell 2 percent in the first
half of 2013, while the craft brew segment grew 15 percent.
According to the Brewers
Association, craft breweries boosted the U.S. economy by creating 360,000 jobs
and generating over $33 billion in revenue. The figure comes from the total
impact of beer brewed by craft brewers as it moves through breweries,
wholesalers, and retailers, as well as all non-beer products sold by brewpub
restaurants.
One of Appalachian Mountain
Brewery’s (AMB) shareholders, Mike Pruitt, CEO of Chanticleer Holdings (Nasdaq:
HOTR), is providing assistance and introductions preparing AMB to enter into
its private placement of securities in order to begin canning and distribution
of its award-winning beer.
For more information on the
JOBS Act and general information on the company, please visit check
www.appalachianmountainbrewery.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
