SOURCE: Republic of Texas Brands, Inc.
DALLAS, TX--(Marketwire - Nov 6, 2012) - Jerry Grisaffi, Chief Executive Officer and Chairman of the Board of Republic of Texas Brands Incorporated (PINKSHEETS: RTXB), announced today that RTXB has entered into a Letter of Intent with Bergheim Texas BBQ ("Bergheim") for Bergheim to execute a co-packing agreement with RTXB to do the following:
1. Provide smoked meats for RTXB's 1824 Texas Best Barbecue Restaurants
2. Act as a fulfillment house for RTXB's website smoked meat sales
3. Fill any other sales orders generated directly or indirectly by RTXB or its subsidiaries
The co-packing agreement will be for a term of 15 years.
In addition, the Letter of Intent calls for Jesse Tindall to become a Board Member for RTXB and to provide certain consulting services for RTXB. Bergheim will deliver to RTXB all recipes, processes and know how to duplicate the award-winning smoked meat products that Bergheim currently produces.
Bergheim Barbeque opened in 1986 as a small restaurant in Bergheim, Texas. Bergheim Barbeque was founded by Jesse Tindall, with a vision of creating a unique smoked barbeque. Trained in the fine art of low and slow smoking, Jesse spent his life creating the world's best barbeque until his retirement in 2011. Today Bergheim Texas BBQ is owned and operated by Josh Tindall, Jesse's son.
"By entering into a long-term co-packing agreement with Bergheim, RTXB will be positioned to offer the same mouth-watering products to its customers through its 1824 Texas Best Barbecue Restaurants, its website, and through other distribution channels to be developed by RTXB," said Grisaffi.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.