Top Shelf CEO Announces Agreement with Company Debt Holders

HOUSTON, TX / ACCESSWIRE / March 31, 2015 / Alonzo Pierce, CEO of Top Shelf Brands Holdings, Inc. (a Nevada Corporation) (PINKSHEETS:DKTS), is pleased to announce that the company has reached an accord with all of the DKTS debt holders to extend the terms of the notes without any additional consideration.  Under the revised agreement, the debt holders cannot convert debt into equity for at least one year or until there is a registration statement.

“The two most important things to take away from this agreement are that every single debt holder unequivocally supports the direction of the company by their agreement to the term extension and secondly, they agreed to do so at no peril to the company,” said Alonzo Pierce, CEO of Top Shelf Brands. “This truly is a united group of investors who believe that the company is on the verge of a bright future and that they will be rewarded for their patience.”

Pierce would like to thank the lenders for their unwavering support and understanding. Pierce also noted that he is quite aware that the extended period of time that it has taken to acquire label approval and has put enormous pressure on shareholders but sees it all coming together for the common shareholder.

“Relatively speaking, we have very little convertible debt but the added financial support from these folks has helped the company weather some very interesting storms along the way,” Pierce said. “I look forward to all the supporters of Top Shelf Brands being rewarded for their investments.”

About TSB: www.drinktopshelf.com

Top Shelf Brands Holdings incubates, creates, markets and supplies branded alcoholic beverages with an initial offering of Tequila, Liqueur and Bourbon. Being a federally licensed importer and supplier of alcoholic beverages gives us a competitive edge. Top Shelf Brands is dedicated to “Incubating and Creating Brands People Talk About.” Top Shelf Brands is positioned to capitalize on the $1 trillion spirits industry. Strong growth in the industry is anticipated primarily in the premium category.

This news release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as “estimate,” “expect,” “anticipate,” “projected,” “planned,” “forecasted” and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Top Shelf Brands Holdings, Inc.’s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: 
700 Louisiana St
Suite 3950
Houston, TX, 77002
832-390-2782
lou@seraphimstrategies.com

SOURCE: Top Shelf Brands Holdings, Inc. 

ReleaseID: 427368