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Harrison, Vickers and Waterman, Inc. (HVCW) Announces a New Joint Venture Agreement to Build New World of Beer Locations in Dade and Broward Counties in Southeast Florida

Marketwired

NORTH PALM BEACH, FL--(Marketwired - Feb 17, 2016) - Harrison, Vickers and Waterman, Inc. (OTCBB: HVCW): Attitude Drinks Incorporated (OTC PINK: ATTD) announced today a new joint venture agreement with Southeast Florida Craft LLC, which is owned by the same partners that own New England WOB LLC, to build new World of Beer franchise locations in Dade and Broward counties in southeast Florida. We will own 60% of any developed taverns while the stores will be operated by Southeast Florida Craft LLC. Roy Warren, CEO of HVCW, commented, "This agreement furthers our commitment and reflects our confidence in the performance of this exciting new concept. We are located in Florida, and the opportunity to help develop this business in our home state is naturally rewarding".

HVCW also filed its quarterly Form 10-q report today indicating gross revenues of $1,632,244 and $793,561 for the six months and three months ending December 31, 2015, respectively. We recognized an operating profit from operations before depreciation and amortization for the six months ending December 31, 2015 of $19,708. The report reflected higher revenues than originally expected from our West Hartford World of Beer tavern.

About HVCW

Harrison, Vickers & Waterman, Inc. is the owner of Attitude Beer Holding Co. Attitude Beer has a joint venture with New England WOB, LLC. and now with Southeast Florida Craft LLC (same partners) to develop select World of Beer franchised locations in the state of Connecticut, greater Boston area and Dade and Broward counties in southeast Florida. Together we opened a 4,000 sq. foot WOB tavern in West Hartford, CT in January 2015 that sells a selection of over 500 craft and imported beers along with tavern food and other spirits and cocktails. New England WOB, LLC holds franchise rights for all of Connecticut and the greater Boston area. Southeast Florida Craft LLC will hold franchise rights for all new World of Beer development in Dade and Broward counties in Florida. Recently, Attitude Beer announced an agreement with New England WOB, LLC to develop new taverns in Milford, CT and Boston, MA which are expected to open in spring 2016. The Company is seeking additional opportunities in the craft beer industry. For additional World of Beer locations that are developed through the New England WOB, LLC joint venture, Attitude Beer Holding Co. will hold a 51% interest, and New England WOB, LLC will hold a 49% interest in the joint venture's new World of Beer locations. For southeast Florida, Attitude Beer Holding Co. will hold a 60% interest, and Southeast Florida Craft LLC will hold a 40% interest in the joint venture's new World of Beer locations.

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For more about HVCW: visit: www.attitudebeer.com

Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include statements regarding the prospects of improving the results in the West Hartford WOB tavern and continuing to refine this business concept in more taverns, and the timing of the renovation and commencement of operations of the new taverns. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the Company's ability to improve its results and accelerate its growth, open new taverns, exploit this niche in the craft beer industry and the other risk factors discussed in the Business and Management's Discussion and Analysis sections in our Annual Report on Form 10-K for the year ended June 30, 2015 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.