WINTER PARK, Fla., June 9 /PRNewswire-FirstCall/ -- Bootie Beer Corporation (BULLETIN BOARD: BTIB) issued a statement today from Company CEO Tania Torruella in response to numerous articles on the Internet relating to her prior employment at Merrill Lynch.
Dear Valued Shareholders and the Investment Community,
As CEO of Bootie Beer Corporation, I wanted to make a statement regarding my professional history as an employee at Merrill Lynch and as a stockbroker. Several articles have been published that include erroneous and biased statements made by publicists and attorneys, as it relates to the facts surrounding the circumstances that occurred during my employment at Merrill Lynch. Your interest in taking the time to learn the facts about my background is important and greatly appreciated. But, unfortunately, relying on the Web to perform due diligence on my background is not always credible.
I was never found guilty of any wrongdoing and I was not named in any client lawsuits. I would like to address the fact that for legal reasons, I have not been able to provide a rebuttal or a detailed explanation of the events that took place during that time. What I can say is that the period from late 1999 to early 2001 were some of the most volatile and challenging years in the history of the stock market. Many of my clients lost money in technology stocks and other stock investments. As recommended by my attorney, I filed a lawsuit against Merrill Lynch for breach of contract, among other things. At the end of the day, the most important fact is that Merrill Lynch compensated my clients for much of their losses. At the same time, Merrill Lynch and I resolved our issues and settled. As for the NASD, they revoked my securities license only for failure to attend a required hearing. I did not attend that hearing on advisement of my attorney. This period of time was a very difficult and emotional time for all. I am very happy that Merrill Lynch took care of the clients.
With that said, I am eager to move forward in leading Bootie Beer Corp. to success. The $80 billion beer industry is ripe with new opportunity and our Company and experienced management team want to capitalize on this sector. We are visionaries and are seeking to create and develop the next blockbuster beer brand by launching our first brands, Bootie Beer and Bootie Light. With our new public company, my focus is to build shareholder value by creating an outstanding beer company.
Thank you for your loyalty and your continued interest in Bootie Beer Corporation. If I can answer any specific questions for you, please contact me at our corporate office at 407-622-5999.
Sincerely,
TANIA TORRUELLA
CHIEF EXECUTIVE OFFICER
BOOTIE BEER CORP.
Ms. Torruella's Stockbroker History
Ms. Torruella was a stockbroker with Dean Witter from August 1995 to August 1999. During that time she was ranked first in her class and ranked number two nationally for achievement for their "Choice" account program. She received many awards for superior performance and was asked to be a keynote speaker at many of the financial consultant conferences. She received the title of Vice President in her second year. By mid-1999, she had approximately 800 accounts and was managing approximately $150 million in assets. In August 1999, Merrill Lynch recruited her from Morgan Stanley Dean Witter and offered her a significant compensation plan and contract. Virtually 100% of her clients transferred their accounts to Merrill Lynch to continue their relationship with her. Once she arrived at Merrill Lynch, it was within her first month that she began to receive prestigious performance awards, including membership in the Circle of Excellence Club and Masters Club. By mid-2000 the stock market began to decline significantly and her clients began to file claims against Merrill Lynch for their losses. Ms. Torruella retired as a stockbroker in July of 2001. In August 2003 Ms. Torruella settled her dispute with Merrill Lynch. Ms. Torruella received her securities license in 1995 and graduated from Samford University in 1982, with a BA in Finance.
About Bootie Beer Corporation
Bootie Beer Corporation conducts its brewing and packaging operation in La Crosse, Wisconsin. The Company objective is to develop, test, launch, produce, market and sell new, highly competitive beer brands in the premium and super- premium beer categories. The first of such brands launched by the Company is Bootie Beer and Bootie Light, tagged as "America's Entertainment Beer." Bootie brands compete in the premium beer and premium light beer category. Bootie brands are brewed with fresh, all-natural ingredients, the finest hops and grains, and ultra-pure local artesian water drawn from the deep Wisconsin wells. The result of the brewing processes is a full-body, smooth lager, and a crisp, refreshing, ultra-low-carbohydrate (2.6 grams) light-body beer with only 95 calories. Bootie brands offer consumers an outstanding mainstream beer taste and are brewed with uncompromised quality. For more information, visit http://www.bootiebeer.com/ .
Forward-Looking Statements: This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
At the Company:
Bootie Beer
Tania Torruella
EVP Corporate Strategy
Office: 407-622-5999
Toll: 888-303-BEER
