TORONTO, Aug. 8 /PRNewswire-FirstCall/ -- Hat Trick Beverages Inc. (HKBV.PK) today, after the market closed, announced that it is currently in final discussions to begin importing a novel vending machine from a Spanish manufacturer, Rumar Manufacturing SSL, located in Malaga, Spain for it's Tango Cafe division.
Hat Trick Beverages CEO Sender Vaiser advised; "We have had a lot of interest in our unique hot and cold beverage vending machines. There seems to be a strong appetite for new and novel approaches within the vending machine sector. With that in mind, we are in discussions with a Spanish based manufacturer in the snack sector that handles unique packaging formats.
We have a relationship with the manufacturer that spans decades. While they have had great success with the concept in Europe, it has yet to be introduced into the North American market. The management projects conservatively a 50% acceptance rate of the product in North America compared to Europe. We can safely say that even with that conservative acceptance rate, this should translate into several million dollars in sales for the division over the course of the year. We believe the machine would complement our hot and cold vending machine, using essentially the same distribution channels. These are high-profile branded products, that should complement our product line well."
In other corporate updates the issuer expects to be in a position to file with Pink Sheets its Q2 results, shortly. The initial outlook on the statements fared better then the management had expected. Further to Hat Trick shareholders inquires, the issuer has also received advice that the sponsored Olympian, Melanie Roach, has updated her website (http://www.qsports.net/web-roach.html) to reflect Hat Trick Beverages as the official sponsor.
Contact: http://www.minamargroup.com/helpdesk
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: http://www.minamargroup.com/helpdesk
