Vortex Brands Co. Announces it has Received its Initial Shipment of Product
05.06.2014 | FSCwire
Los Angeles, June 05, 2014 - Vortex Brands Co. (OTC: ZLUE) announced today it has received it initial shipment of product and commenced selling product on the website www.vortextennis.com on June 1, 2014.We have received a number of questions recently regarding a reverse split and the OTC markets tier classification. There have been no discussions regarding a reverse split and the Company does not anticipate performing a reverse split of the Common Stock as this time. OTC Markets has informed the Company that it will upgrade its tier classification after the Form 10 is effective and the Company's files its next 10-Q.
The Company common share structure has not changed and remains at 90,000,000 shares outstanding and issued with 48,450,000 in the float. The last common share issuance occurred in 2009. We will post additional FAQs on our website at www.vortexbrands.us. We will update the FAQs as we receive additional questions and will provide updates on news and other aspects of the Company on our site as well.
About Vortex Brands
Vortex Brands recently executed a licensing agreement to market and sell products manufactured by Vortex in the United States. Under the license agreement, the Company may sell tennis racquets and other tennis related products under the trademarked name of Vortex Tennis. The product is currently for sale at www.vortexennis.com.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.
Contacts:
Vortex Brands Co.
Tom Olmstead
(949) 461-1469
Investors@vortextennis.com
Source: Zulu Energy Corp. (OTC Pink : ZLUE)[/i]
