Affinity Beverage Group Inc (OTCMKTS:ABVG) shares were flat on Tuesday at $0.00030 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $501,640 at 1.67 billion shares outstanding.
In a press release, Affinity Beverage Group Inc announced that it has launched a Kickstarter offering for Village Tea Company Distribution Inc. This aims to support product development related to several initiatives: the launch of a new food service and hospitality program with a large International customer, the introduction of a line of Hemp Infused Therapeutic Teas and other wellness teas and a Village Tea Company ready-to-drink bottled tea.
“ Village Tea Company has always prided itself in offering great tasting premium products at a great value. The company’s mission has always been to introduce the benefits of drinking loose leaf tea to all everyone, not just the truly informed and health conscious consumer. With more people looking for viable and accessible health and wellness options, the company feels that this campaign will enable us to fulfill our goal by creating a more direct and personal experience with our products and our customers. We ask for your support and we looking forward to you becoming a member of the extended Village Tea Company family”, stated Janon Costley, CEO of Affinity Beverage Group Inc.
Village Tea is also expanding its distribution into hospitality and food service. In response to demand and has spent most of the past year developing a new product line. It has also recently signed a multi-year agreement with one of the world’s largest food service and hospitality providers and anticipates initial orders to commence no later then June of this year.
Affinity Beverage Group is a holding company that focuses on branded consumer product acquisition opportunities in the health and wellness sector. It targets lifestyle brands, company and/or product distribution rights focusing on traditional and non-traditional healthy beverage options. Its brands include Village Tea Company and Pura Organic Agave.
Its subsidiary Village Tea Company Distribution, Inc., an owner of the Village Tea brand of loose leaf tea and accessories. The Village Tea brand is sold in major retailers in North America, including Vitamin Shoppe, Whole Foods Markets, Winners, HomeSense, Akins/Chamberlin Natural Foods Markets, and other independent specialty and grocery store retailers. It will also seek opportunities involving young brands specializing in all natural/organic foods, bio-food, supplements and personal care products for strategic partnerships, distribution agreements and potential acquisition.