posted
VBDG products now selling (finally) at these huge retailers through their giant partner P2F Holdings who has agreed to bankroll all of their retail orders agreeing to manufacture, distribution, delivery, inventory, and overhead for VBDG's retail sales and split the profits with VBDG, giving back VBDG royalty checks which are 100% profit to VBDG since P2F will bankroll EVERYTHING.
Wal-mart, Bed Bath & Beyond, Best Buy, Staples, CVS, Walgreens, Macy's, TrueValue, and lots more!!
In the dream contract, P2F is guaranteeing them as absolute contracted minimums millions of dollars every year which is virtually all profit since P2F is taking on all of the risk & expenses. Meanwhile, VBDG's expenses on top of this have fallen off a cliff.
In the mean time, while P2F does all the work, takes all the risk, and handles all of the expenses, VBDG is left to develop new products and focus on the development and selling via infomercial while receiving guaranteed large checks from P2F. Total dilution = 0 shares, 0 warrants. Absolutely NONE.
One of VBDG's new products, the Tool Bandit, was featured on the Discovery Channel who in turn forecasts up to $700,000 per week in sales from it!!!
posted
This company is toast...Here's a partial filing from "Pinksheets".
EXHIBIT 99.1
Vertical Branding, Inc. Provides Corporate Update
LOS ANGELES – October 13, 2009 — Vertical Branding, Inc. (VBDG.PK) provided a general corporate update today as well as an update to its May 11, 2009, announcement of an exclusive licensing agreement with P2F Holdings and related restructuring of company operations. The company’s restructuring efforts have failed to achieve expectations or intended results and the company lacks sufficient cash flow to maintain normal operations and meet its current financial obligations. The company’s Board is presently reviewing the company’s options for reorganization, recapitalization or other methods of deriving value from the company’s assets to satisfy the company’s liabilities. Because of its working capital shortage, the company has substantially reduced operating expenses by laying off all but three employees and by suspending various operations.
Vertical Branding’s update also included announcement of the resignation of Nancy Duitch as the Company’s Chief Executive Officer. Ms. Duitch remains a member of the Board.
The company’s update further included summary unaudited financial results for the period ended June 30, 2009.
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