ALL IN Energy Provides Corporate Development and Milestones Update
HENDERSON, NV, Aug. 17 /PRNewswire-FirstCall/ - Kore Nutrition Incorporated ("Kore" or the "Company") (OTCBB: KORE) and the Company's wholly owned subsidiary, Go All In, Inc. ("ALL IN"), are pleased to announce the Company's targeted distribution levels and store count for fiscal year 2011, and that, as of August 1, 2010, management of Kore expects the Company to exceed financial projections for fiscal year 2011 and to become profitable in that year.
In addition, ALL IN has released the following series of milestones that the Company expects to execute on in the coming fiscal year:
- to establish distribution through four major continents: North America, Europe, Asia and Australia; - to appoint a senior level beverage specific CEO to execute on the Company's growth strategy; - to expand the Company's current product line; - to establish a world-class advisory board; - to establish the Company in additional markets beyond poker; - to exceed 5,000 locations where ALL IN products are sold; and - to secure agreements with multiple Top 5 hotel chains.
Kore's CEO, Jeffrey Todd, commented that recent financings and the Company's move to becoming a public issuer have enabled ALL IN to secure global distribution, which could help increase shareholder value.
"We are thankful to our loyal shareholder base for their continued support as we have completed the process of becoming a publicly listed issuer," said Todd. "We now have the resources in place to establish ALL IN as a premium beverage company through our growth strategy and look forward to executing on our milestones with the goal of returning value to our shareholders."
About Kore Nutrition and ALL IN
Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. It produces premium energy drinks and an enhanced purified water under the brand name, ALL IN(TM) Energy, to suit the demands of an active world. Unlike competitive energy drinks, which can lack great taste and occasionally create a mere energy blip, ALL IN(TM) Energy is a premium sugar free product, with no carbohydrates, and less than 10 calories per can. ALL IN(TM) Energy uses herbs, vitamins and amino-acids to provide a balanced and sustained sharpening of focus and pure energy. ALL IN(TM) Energy drinks are available in three unique and delicious flavors: Citrus, Grape and Acai Berry. ALL IN also offers a premium water that uses advanced technologies, and preliminary research suggests that ALL IN(TM) water is a faster hydrator than ordinary tap water and other mineral waters. Legendary poker champion Johnny Chan has joined together with fellow top poker professionals, who all endorse ALL IN(TM) Energy drinks. Kore intends to expand the production, sales and distribution of ALL IN(TM) Energy drinks and water over the next twelve months. For additional information, visit ALL IN's websites at www.allinenergy.com
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements. Forward-looking statements are projections in respect of future events or the Company's future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continues" or the negative of these terms or other comparable terminology and include statements such as that Kore: (i) expects to exceed financial projections for fiscal year 2011 and to become profitable during that time; (ii) expects to establish distribution through four major continents in 2011; (iii) intends to appoint a senior level beverage specific CEO in 2011; (iv) intends to expand its current product line; (v) intends to establish a world-class advisory board; (vi) intends to exceed 5,000 locations where ALL IN products are sold; (vii) intends to secure agreements with multiple top 5 hotel chains; and (viii) intends to increase shareholder value. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Kore or its industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. These risks and uncertainties include: a renewed downturn in international economic conditions; any adverse occurrence with respect to the development or marketing of Kore's drink products; the inability of Kore to expand the production, sales and distribution capacity of ALL IN in the next twelve months; any adverse occurrence with respect to any of its licensing agreements; its ability to successfully bring products to market; product development or other initiatives by its competitors; fluctuations in the availability and cost of materials required to produce its products; any adverse occurrence with respect to distribution of its products; and other factors beyond Kore's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. The information presented herein is presented for the limited purpose as set out herein and may not be appropriate for other purposes. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform such statements to actual results. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Kore's annual report on Form 10-K for the fiscal year ended December 31, 2009, its quarterly reports on Form 10-Q, and other periodic reports filed from time-to-time with the Securities and Exchange Commission at www.sec.gov.
SOURCE Kore Nutrition Inc.
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