Marani Brands Board Reduces Company's Authorized Shares Down From 1,000,000,000 Shares to 700,000,000
(firmenpresse) - TUSTIN, CA -- (Marketwired) -- 12/05/13 -- Marani Brands (OTC Pink: MRIB) board authorized shares down from 1,000,000,000 shares to 700,000,000.
The new authorized share amount is 700,000,000 with 408,259,529 outstanding and 270,809,464 none restricted. The Company has no interest in funding sources that will dilute the share structure. Company funding sources are based on asset funding only for Company's ongoing contracts.
About Marani Brands Inc.
Marani Brands, Inc. develops, positions, markets and distributes fine wine and spirit products in the United States. Its signature product "Marani Vodka Spirit," is an ultra-premium vodka manufactured exclusively for Marani in Armenia. It is made from late-harvest Armenian winter wheat, distilled three times, filtered twenty-five times and then, through a proprietary process, is aged in oak barrels lined with honey and skimmed dried milk to give it its unique taste. Marani Vodka Spirit was awarded the Gold Medal in the prestigious International Spirit Competition, held in San Francisco, California, in both 2004 and 2007 and the coveted Star Diamond Award by the American Academy of Hospitality Sciences in 2008 and 2009. Please enjoy Marani brands responsibly and in moderation.
For more information on Marani Brands:
Forward-Looking Statements
Certain statements made in this press release contain forward-looking statements that involve a number of risks and uncertainties. This forward-looking information is based on certain assumptions, including, among others, presently known physical data concerning size and character of reservoirs and economic recoverability. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, operations involve numerous risks and uncertainties, many of which are beyond Marani Brands 'control, which could result in expectations not be realized or otherwise materially affect the financial condition, results of operation and cash flows. Additional information regarding these and other risks are contained in Marani Brands' filings with the Securities and Exchange Commission.
Contact:
For more information, press only:
Marani Brands, Inc.
(800) 734-9619
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Datum: 05.12.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 1289194
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Kategorie:
Beverages
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