CARLSBAD, CA / ACCESSWIRE / November 4, 2015 / V Group, Inc. (PINKSHEETS: VGID), along with the Company's incubation partner Fernhill Beverage, is excited to announce the successful completion of the first rollout of a new public entity.
Fernhill Beverage, Inc. is now a "stand alone" public entity trading on the Pink Sheets under the symbol MFOV The symbol will be changing shortly. Once a new symbol has been issued, Fernhill management will inform the public what the new symbol is.
Because of the efforts and guidance of V Group, Inc., the management of Fernhill Beverage will be rewarding the shareholders of V Group with the disbursement of Fernhill shares.
Due to the extended timeline in which it took to complete the process, V Group has been forced to extend the initial time period in which shareholders are eligible to receive Fernhill shares. The new and final cutoff date is October 31, 2015. The two Companies together expect to begin issuing shares as early as November 9, 2015. To make the process as seamless as possible, the Company will be enlisting the assistance of shareholders. The process will be as follows:
Existing shareholders will need to contact V Group directly at info@anddrinks.com. Shareholders will need to provide the following:
1. Name of shareholder
2. Address of shareholder
3. Social Security Number of shareholder
4. Proof of number of shares held by shareholder as of Oct. 31, 2015
5. Contact phone number and email for shareholder.
Once the information has been collected, V Group management will expedite the distribution of Fernhill shares and inform the shareholder when they should expect the new shares. The distribution ratio is being calculated by the transfer agent and will be finalized at that point.
V Group, Inc. is also proud to announce that the Company has successfully negotiated the outline of the purchase of a beer brand to add to growing portfolio of products V Group will be selling into the market in 2016 and beyond. Details are not disclosed but will be announced as they are finalized. The Company expects to make a formal announcement within the next 30 days.
V Group, Inc. management will be conducting a conference call on Wednesday, November 11, 2015 at 10:00am West Coast time. The topics that will be discussed will include the spin-off of Fernhill Beverage as well as the results of the first three quarters of 2015 and expectations for 2016 and beyond. Management invites all shareholders and potential shareholders to join in and discuss the Company.
"2015 has been both rewarding and frustrating. Together we have accomplished a great deal. There is an immense amount of hard work ahead of us but I know we, as a group, are up to the task. We appreciate everyone's patience and diligence. The Company's journey is just beginning. The road will at times be smooth and at times be wrought with obstacles. It is the obstacles that we overcome that will make us a stronger Company in the long run," States Larry Twombly. CEO V Group, Inc.
V Group, Inc.
Contact: info@anddrinks.com
Web Site: www.anddrinks.com
Phone: (760) 613-8828
SOURCE: V Group, Inc.
