DC Brands International, Inc. Announces Deal with Village Tea Group, Inc.
PR Newswire
DENVER, June 6, 2013 /PRNewswire/ -- DC Brands International, Inc., a publicly reporting company under the ticker symbol (OTC: HRDN, hereinafter the "Company") announces that it has acquired a minority interest in a premium loose leaf tea company, Village Tea Company Distribution, Inc. ("Village Tea") , the owner of the Village Tea Company brand of premium loose leaf teas and tea accessories. Village Tea, sources high-quality, unique teas with distinct flavor combinations and packages them in a variety of creative and earth-friendly ways. The brand is currently available in several major retailers in North America including Vitamin Shoppe, Whole Foods, Amazon and others. Village Tea products are also currently available on the company's website (www.villageteaco.com) as well. The minority interest was purchased from Total Apparel Group, Inc. (OTC Pink: TLAG)
As a part of the transaction, HRDN will gain two board seats on the Village Tea board of directors and its principal will also assume key management role in Village Tea Distribution Company, Inc. HRDN will also have the opportunity to obtain a further interest in Village Tea at the Company's discretion.
The founder and current president of Village Tea, Martin Ekechukwu, will remain on board in his role as and creative director of the company, as well as a member of the company's board of directors. Janon Costley will remain as the CEO. "Martin and Janon have done a wonderful job in moving the Village Tea brand forward and they will continue to play an extremely pivotal role in guiding the product development and sales efforts for Village Tea moving forward. DC Brands will provide the finance, accounting and administrative structure to properly manage the explosive growth expected," stated Robert Armstrong, CFO of DC Brands International. "The opportunity to work with someone as talented as Martin and Janon is very exciting and we look forward to providing an additional layer of support that will enable the company to properly execute the vision that they have for the brand and the overall business."
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