Dutch Gold Enters Bottled Beverage Market
Plans to Introduce Hemp Flavored Teas Infused with Cannabidiols
ATLANTA, GA / ACCESSWIRE / July 15, 2014 / Dutch Gold Resources, Inc. (DGRI.OTC) (the "Company") (http://dutchgoldinc.com/) today announced that it has formed a subsidiary, Ascendant Beverages, Inc. (ABI), to produce hemp flavored teas, with and without Cannabidiols (CBD), and bottled waters. The Company has secured the rights to the flavoring/ingredient profiles of over a dozen beverages and will begin manufacturing product during August of 2014.
CBD-infused water will have all the advantages of traditional pure spring water plus the added health and wellness benefits of CBD. The beverages will be marketed throughout similar distribution channels as bottled drinking water at retail and grocery outlets, and will leverage the MMJ distribution network that is building for its’ Potency Testing Kit.
CBD has shown positive as described in the United States Health Department Patent # 6,630,507 results with Parkinson's disease, HIV, Down's Syndrome, Crohn's disease, Rheumatoid Arthritis, Diabetes, Post Heart Operation and Heart patients, including high blood pressure, Alzheimer's and many other conditions. CBD has been shown to be a natural T-cell enhancer. For further information on CBD see http://en.wikipedia.org/wiki/Cannabidiol.
In 2010, sales of tea and ready-to-drink (RTD) tea increased 5.1 percent, reaching $4.3 billion in food, drug, convenience stores and mass merchandisers, excluding Walmart, according to Mintel’s July 2011 "Tea and RTD Teas - U.S." report. Canned and bottled tea as well as refrigerated RTD tea drove growth in the category, the Chicago-based market research firm reported. According to http://www.bottledwater.org/, sales of bottled waters exceeded $11 billion for the same period.
The formation of Ascendant Beverages, Inc. signals the Company’s intention to build an additional revenue line that can be grown organically, where the Company has also identified multiple opportunities for expansion through acquisition."As we have looked at business plans for companies that are seeking growth capital, we continue to find business niches inside the MMJ sector that are potentially positioned for significant growth. We think the beverage sector demographics are quite favorable. Further, the data on CBD continues to generate interest from both established marketers and the scientific community," said Daniel Hollis, CEO of Dutch Gold Resources, Inc.
The near term focus of the Company is to introduce quality products offerings into the MMJ sector that can drive value for retailers, consumers, while generating revenue and potential earnings for shareholders. The Company plans to complete the development of its initial two hemp-flavored teas and begin shipping product during Q3 2014.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "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. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
For further information, please see http://www.dutchgoldinc.com/ or please contact Daniel Hollis, CEO of Dutch Gold Resources, Inc. at 404-981-7424.
SOURCE: Dutch Gold Resources, Inc.