Hat Trick Beverages (HKBV) To Be An Italian Manufacturer

TORONTO, Oct. 1 /PRNewswire-FirstCall/ - http://www.hattrickdrinks.com (Pink Sheets: HKBV - News) The company today after the market closed announced that it has reached an agreement in principle with an Italian Coffee manufacturer to begin offering white label coffee machines under the brand name "Tango Industries". For those unfamiliar with the term "white label"; simply put white label means (A Wikipedia snippet) http://en.wikipedia.org/wiki/White_label_product "A white label product or service is a product or service produced by one company (the producer) that other companies (the marketers) rebrand to make it appear as if they made it....& White label production is often used for mass-produced generic electronics such as DVD players and televisions. Some companies maintain a sub-brand for their goods.
Mr.Vaiser CEO of Hat Trick said, "Under the planned agreement, Hat Trick will immediately step into an already developed 16 year old infrastructure with its own chemists, bottling and manufacturing capabilities, with more than $1.5 million Euro in development costs. Tango Industries will be able to offer 100% of its business under its own direct control, and will be able to decide prices, and strategy to market, instead of relying on 3rd party suppliers as most others in our industry must. Today we have a range of hot and cold dispensing and vending equipment unique in the world. We have a wide range of 100% fruit juices. Two years ago we started to develop all the formulation for "100% sugar free" juices and drinks because I'm sure that this should be the future of the beverage world. Now we are ready to produce all of it. We will produce all of the hot products for machines under our brand name Tango Industries. This will also allow us to have the skills in place immediately to develop and produce each type of dispensing equipment we will need, for any future needs."

Mr. Vaiser added "The best part of this deal is that it is based on a "pay as you go" basis, with about $150,000.00 USD (About 100,000.00 Euro) cash outlay for set up fees on our end. We have the luxury to only use what we need. With the "traditional merger" we would of have to pay maybe 5 or 6 times that much in cash plus we would have had to issue several hundred million shares to complete the merger transaction. This agreement will allow us to grow at our own speed.

"We expect to close the transaction in early November 2008 and by first quarter of 2009 we would be ready for full production. If and when the traditional merger should come into play, the management intent is to pay this on an all cash basis."

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