DALLAS, TX--(Marketwired - Feb 20, 2014) - Republic of Texas Brands, Inc. (PINKSHEETS: RTXBQ) wishes to clarify the symbol change that occurred this morning. The symbol (RTXBQ) was caused by the debtor in possession bankruptcy filing on December 16, 2013. We did this action to protect the shareholders against what we believe fraudulent action by Empire Capital LLC. Empire had caused us to initiate a capital structure change to the company for a services contract that would enable us to fund the acquisition of a highly profitable BarBQ chain in the Dallas area. We plan on moving out of bankruptcy shortly as we are preparing to file the reorganization plan soon.
About Republic of Texas Brands Incorporated:
Republic of Texas Brands Incorporated (RTXBQ) has a distinct unique brand and logo that captures the emotion attached to Texas and its independent attitude, recognized and loved around the world. Our mission is to find the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. Soon we will be launching our first new Hemp base energy drink plus other fine hemp products. To see the new direction the company is going please visit the company website at: http://www.cannabis-holdings.com
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.