Watertown, New York, Sept. 07, 2022 (GLOBE NEWSWIRE) — 1812 BREWING COMPANY, INC. (OTC Pink: KEGS) (the “Company” or “KEGS”) is pleased to announce that it yesterday finalized an equipment purchase agreement and secured private equipment financing to acquire a filling line and labeling of five-head cans with industry partners Wild Goose Filling (https://wildgoosefilling.com) and Ska Manufacturing (https://skafabricating.com). The company expects the canning line to be installed and operational in 2022. After the canning line is commissioned, the company will have the ability to package its beers in the way consumers prefer. – bottles, cans or pressure.
President and CEO Tom Scozzafava said, “Once the line is operational, the company can package according to consumer and retailer preferences. I’m considering some beers, like War of 1812 Amber Ale, packaged in both cans and bottles. Mr. Scozzafava continued, “In addition, it also provides the company with some financial protection against volatility in the glass or aluminum markets with respect to price and availability. Additionally, with the company’s ability to package in cans or bottles, the opportunities for contract brewing and packaging for other breweries will be greatly enhanced.
Mr. Scozzafava concluded, “Finally, after many discussions with Canadian distributors, it was clear that canning was a must. With our proximity to Canada and leveraged brands such as ‘War of 1812 Amber Ale’ and ‘Thousand Islands IPA’, canning opens up the Canadian market. This will be an important opportunity for the Company.
About 1812 Brewing Company (“KEGS or the “Company”):
KEGS is an operator and investor in companies in the craft beer industry. The Company seeks to create a national network of craft breweries to develop and foster the growth of their respective brands locally, regionally and nationally. KEGS seeks to build a network in which certain economies of scale can be shared, such as production, expansion of distribution footprint, inter-member contract shuffling, new product development, sharing of best brewery practices and scale logistics and transportation. The network must be built thanks to the investment of 1812 Brewing Company while preserving the respective local and regional uniqueness of the members, the autonomy of the brand and the direct involvement with its consumers. The Company seeks to be a growth “incubator” for its industry holdings.
The current company, 1812 Brewing Co., produces award-winning beers such as War of 1812 Amber Ale (“1812 Amber Ale”), 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Pilsner, St. Stephens Stout, Third Rail Porter, Featherhammer Maibock.
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Safe Harbor: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements in this release that are not historical facts may be deemed to be forward-looking. statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and the approvals of regulatory authorities and shareholders for the planned actions.