NAPERVILLE, Ill.--(BUSINESS WIRE)--HTBI-- Alliance Holdings, Inc. a subsidiary of Hot Brands, Inc. (Pink Sheets:HTBI) announced today that its construction division, AllianceGC, LLC, has entered into a contract with ProFood & Beverage Company, to design, build and construct ProFood's new beverage facility. AllianceGC has spent several months evaluating the needs of ProFood & Beverage and identifying potential sites for the facility in the South Eastern states. Alliance Holdings preliminary construction budget for the state-of-the-art facility and equipment will approach $8.6 million.
Representatives of ProFood & Beverage have stated that AllianceGC was selected for this project due to the extensive experience Alliance Holdings and AllianceGC have in food processing and packaging systems. This experience includes planning, design, and construction of food processing and packaging facilities, on an international level. ProFood representatives went on to state that they have asked Alliance staff to identify additional geographic locations for additional production facilities.
Alliance Holdings executives state that this relationship with ProFood & Beverage Company fits well into their plan to develop national associations with growing companies. The long-term relationship with ProFood & Beverage Company, coupled with several other exclusive associations presently being developed by Alliance Holdings, the company will experience revenues at multiples above historic performance. Which this contract represents 175% of last years sales for Alliance Holdings which is well ahead of original forecast for Alliance.
Alliance Holdings had revenues of $4.9 million in 2003 and states that its present revenue available under contract exceeds $10 million.
Alliance Holdings is a builder, developer, design and consulting company to the hospitality, restaurant industries and liquid food & other food processing. Alliance Holdings is also experienced with turnaround projects specializing in the food and hospitality industries.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the restaurant and fast-food industries, competitive pricing pressures, completion of planned acquisitions and success at integrating and operating the acquired operations and the availability of necessary financing. These statements speak only as of above date, and Hot Brands, Inc. disclaims any intent or obligation to update them.
KEYWORD: ILLINOIS CALIFORNIA INDUSTRY KEYWORD: RETAIL FOODS/BEVERAGES MARKETING AGREEMENTS SOURCE: Hot Brands Inc.
CONTACT INFORMATION: Hot Brands Inc. Clayton Smith (971) 506-9156
posted
Thanks for the heads up but the volume is historicaly weak.
quote:Originally posted by keithsan: Business Editors
NAPERVILLE, Ill.--(BUSINESS WIRE)--HTBI-- Alliance Holdings, Inc. a subsidiary of Hot Brands, Inc. (Pink Sheets:HTBI) announced today that its construction division, AllianceGC, LLC, has entered into a contract with ProFood & Beverage Company, to design, build and construct ProFood's new beverage facility. AllianceGC has spent several months evaluating the needs of ProFood & Beverage and identifying potential sites for the facility in the South Eastern states. Alliance Holdings preliminary construction budget for the state-of-the-art facility and equipment will approach $8.6 million.
Representatives of ProFood & Beverage have stated that AllianceGC was selected for this project due to the extensive experience Alliance Holdings and AllianceGC have in food processing and packaging systems. This experience includes planning, design, and construction of food processing and packaging facilities, on an international level. ProFood representatives went on to state that they have asked Alliance staff to identify additional geographic locations for additional production facilities.
Alliance Holdings executives state that this relationship with ProFood & Beverage Company fits well into their plan to develop national associations with growing companies. The long-term relationship with ProFood & Beverage Company, coupled with several other exclusive associations presently being developed by Alliance Holdings, the company will experience revenues at multiples above historic performance. Which this contract represents 175% of last years sales for Alliance Holdings which is well ahead of original forecast for Alliance.
Alliance Holdings had revenues of $4.9 million in 2003 and states that its present revenue available under contract exceeds $10 million.
Alliance Holdings is a builder, developer, design and consulting company to the hospitality, restaurant industries and liquid food & other food processing. Alliance Holdings is also experienced with turnaround projects specializing in the food and hospitality industries.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations there under. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the restaurant and fast-food industries, competitive pricing pressures, completion of planned acquisitions and success at integrating and operating the acquired operations and the availability of necessary financing. These statements speak only as of above date, and Hot Brands, Inc. disclaims any intent or obligation to update them.
KEYWORD: ILLINOIS CALIFORNIA INDUSTRY KEYWORD: RETAIL FOODS/BEVERAGES MARKETING AGREEMENTS SOURCE: Hot Brands Inc.
CONTACT INFORMATION: Hot Brands Inc. Clayton Smith (971) 506-9156
posted
well this one could be the big lottery ticket...with an $8.6 mill contract this stock looks like the next ONEV! Good luck to all!!!!!!!!!!!!!!!!
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quote:Originally posted by keithsan: shoe, took progits at .08 when it started backpeddling, wasn't even watching thought it would move more and quicker!
I'me got my finger on the trigger to buy in again at .08 if volume starts picking up...
How many shares did you sell? I probably am holding yours now cuz I bought at .08
posted
yes, as far as I understand, this board is amongst the first to have discovered it, I don't see to many people talking orknowing about this chances of a major run are high, IMO
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quote:Originally posted by richfrompennies: yes, as far as I understand, this board is amongst the first to have discovered it, I don't see to many people talking orknowing about this chances of a major run are high, IMO
If not tommarrow probably, there is no reason... not to have a run IMHO, its great news, its just obviously not popular yet. I think it will get out tonight with the news and have a gapper in the AM if it does nothing today.
posted
nope, the price was moving and not volume didn't want to get caught, bought atng at end of day, should run in the mornning. probably a good buy then, may gap way up... we'll have to wait and see...
this is still on my watch, thought it would run more maybe it still will. I've been burned on news lately so a little more cautious than usuall
quote:Originally posted by keithsan: nope, the price was moving and not volume didn't want to get caught, bought atng at end of day, should run in the mornning. probably a good buy then, may gap way up... we'll have to wait and see...
this is still on my watch, thought it would run more maybe it still will. I've been burned on news lately so a little more cautious than usuall
Keith I got in at .08 and left it, it hit .09 and it looked nice, I went with 10k shares. I left it overnight as I have a strong feeling it will gap tommarrow. If not o well, but I don't see any reason why it should tank at all. Good good news.
posted
Hmmm, I will have to keep an eye on this one. Their new website is coming soon... hotbrands.biz
Hot Brands, Inc. (Pink Sheets: HTBI) 4205 Charlar Dr., Ste. 3 Holt, MI 48842 (Map) Phone: 971-506-9156 Fax: 503-665-5092
hotbrands.biz
Hot Brands (formerly Proquest Capital) owns and operates more than 40 Hot 'n Now Burgers, a chain of drive-thru fast-food restaurants located primarily in Indiana, Michigan, and Wisconsin. Founded in 1983, the chain was owned by PepsiCo until 1997. Investors led by financier William Curtis acquired the Hot 'n Now chain in 2003. --source hoovers.com
quote:Originally posted by Meshoe45: Keith I got in at .08 and left it, it hit .09 and it looked nice, I went with 10k shares. I left it overnight as I have a strong feeling it will gap tommarrow. If not o well, but I don't see any reason why it should tank at all. Good good news.
won't tank on you, IMO should run I thought it would fly today.....
when volume dried up earlier I sold, volume picked up some and pps also later....
trying to play cautious this week, first red week in a while last week. nothing seemed to play the way I thought....
quote:Originally posted by WinsumLosesum: "Alliance Holdings preliminary construction budget for the state-of-the-art facility and equipment will approach $8.6 million"
Does that mean their COST will approach $8.6 million (construction budget)? How can we tell what they'll charge, i.e. what their PROFIT will be?
"its present revenue available under contract exceeds $10 million"
posted
Ha, hey sorry I read that but I am not positive. Its a good question - I'll do some research today as I am in, and held over night. I expect to be a good day anyway. I will let you know.
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your looking at the wrong spot.... see revenues from last year, this contract represents almost double the contracts from last year.....
do the math...
"Holdings, the company will experience revenues at multiples above historic performance. Which this contract represents 175% of last years sales for Alliance Holdings which is well ahead of original forecast for Alliance.
Alliance Holdings had revenues of $4.9 million in 2003 and states that its present revenue available under contract exceeds $10 million"