![]() “We also invented the performance energy category with social media supporters who grew along with our brand. “More than 20 years ago, we disrupted the beverage industry with brilliant, great tasting, better-for-you, highly effective innovations,” said Owoc. We are a private, American-owned and operated beverage company that supports our local communities, and we continuously innovate flavors and performance benefits that consumers demand.” ![]() beverage and hydration brand that has shifted away from plastic to nearly 100% aluminum production. I know we will successfully emerge from this process as a stronger company,” Owoc said. “This company was founded on determination and a relentless passion for giving our customers and consumers what they want – and we will continue do so. Bang Energy’s newly orchestrated and soon-to-launch direct store distribution network currently covers nearly 95% of the entire United States market. At $200 million per share point, that equates to $680 million in today’s energy drink market. Under Pepsi’s distribution, roughly 3.4% of that market share was lost. Immediately prior to VPX/Bang Energy switching to Pepsi in early 2020, Bang’s share of the energy drink market was roughly 9.7%. VPX/Bang Energy intends to reclaim the formidable market share that dwindled while Pepsi was the national distributor of Bang energy drink products. We are coming like a freight train and cannot be stopped.” “Utilizing our new state-of-the-art decentralized direct store distribution (DSD) will allow Bang Energy to get back to our pre-Pepsi meteoric annual success of several hundred percent year over year growth. “We are excited about our future, and particularly the new distribution system that we have spent the better part of this year assembling, said Jack Owoc, CEO and founder of VPX. VPX’s Chapter 11 efforts are being supported by $100 million of additional financing from VPX’s esteemed syndicate lenders to help ensure operations continue uninterrupted during the restructuring process. All business operations will continue, with improved product delivery and service to retailers through VPX/Bang Energy’s newly constituted legacy distribution network consisting of more than 269 best-in-class distributors. ![]() VPX Sports is the maker of Bang energy drinks, among other consumer products. (“VPX Sports” or “Vital”), along with certain of its domestic subsidiaries and affiliates, announced it has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. 10, 2022 (GLOBE NEWSWIRE) - Today, Vital Pharmaceuticals, Inc. There will be no impact to product availability, customer orders or operations. Restorative strategy will restructure current financing while keeping company operations fully active. ![]()
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