1812 BREWING COMPANY INC - KEGS STOCK NEWS

1812 Brewing Company (OTC PINK:KEGS) announces the launch of a new website and social media accounts aimed at promoting its strategy of partnering with breweries to create a nationwide network. This initiative will enhance resource sharing, marketing, and product development among member breweries. Chairman Tom Scozzafava reported ongoing acquisition discussions with breweries in major markets, including one in North America’s largest city. The Company emphasizes its long-term goals and potential future share reductions or up-listing to NASDAQ as it expands its portfolio.

WATERTOWN, NY / ACCESSWIRE / January 5, 2023 / 1812 Brewing Company (OTC PINK:KEGS) announced a share exchange by CEO Tom Scozzafava, returning 3.4 billion shares to treasury and reducing outstanding shares by 167 million over 2022. This move aims to enhance the company's credibility and stock value for future acquisitions. Additionally, management is negotiating terms to extinguish $13.6 million in convertible debentures, with debt holders agreeing to pause interest accumulation until the company's market value exceeds $100 million.

1812 Brewing Company (KEGS) announced the retirement of 3.4 billion shares of common stock, effective December 28, 2022. This move decreases outstanding shares and follows a year of significant operational milestones, including:

• Full control over brewing and packaging.
• Launch of award-winning beers.
• Engagement of an investment bank for potential acquisitions.

The company aims to double revenues through acquisitions in 2023. KEGS transitions to direct-to-consumer sales in 45 states, enhancing market presence.

1812 Brewing Company (KEGS) has commissioned a new Wild Goose Filling canning line and Ska Fabricating depalletizer, enhancing its production capacity to approximately 3,000 cans per hour. This development aims to expand market reach by supplying packaged products to cruise lines, private boaters, and event arenas. The company also anticipates increased e-commerce success with canned products, particularly in the Canadian craft beer market. The ability to can and bottle will facilitate contract brewing services with other breweries.

1812 Brewing Company (KEGS) has launched pre-orders for its War of 1812 Amber Ale, expected to ship from December. The company has partnered with TapRm to market and ship its beers directly to consumers across 45 states and Washington D.C. This innovative distribution model bypasses traditional networks, allowing customers to choose products without middlemen. Additionally, the amber ale has won multiple prestigious awards, enhancing the brand's reputation. KEGS plans to offer more products through TapRm soon.

1812 Brewing Company (OTC PINK:KEGS) announced its War of 1812 Amber Ale won the Gold Medal in the American Amber category at the 23rd Annual Great International Beer Competition. This marks the beer's second gold medal of 2022 and fourth medal overall in four contests entered. The company highlights its strategy of in-house brewing since taking control, which has resulted in consistent medal wins across various competitions. Chairman Tom Scozzafava noted their efforts to develop a direct-to-consumer distribution model for their products across the U.S.

1812 Brewing Company (OTC PINK:KEGS) participated in the New York State Craft Brewers Festival held on November 19 at the Landmark Theater in Syracuse. Approximately fifty breweries attended, attracting hundreds of craft beer enthusiasts despite challenging weather conditions. President & CEO Thomas Scozzafava expressed gratitude for the opportunity and emphasized the importance of such events for customer engagement and networking. The company also aims to secure distribution agreements to expand its reach, potentially allowing its products at more venues and for direct-to-consumer sales.

1812 Brewing Company (OTC Pink: KEGS) is excited to announce its partnership with the Watertown Wolves, a minor league hockey team. This collaboration will feature 1812's award-winning beer, War of 1812 Amber Ale, served on tap at games, along with a new limited release, Wolves Den Cream Ale, to be available later in 2022. This partnership emphasizes local commitment, supported by the Wolves' new ownership, which aims to enhance community engagement and provide quality entertainment through hockey.

1812 Brewing Company (OTC Pink: KEGS) announced that its flagship War of 1812 Amber Ale won the Silver Medal in the “American-Style Amber/Red Ale” category at the international Brewski Awards. This recognition continues a trend of accolades for the ale, having previously won a Gold Medal at the World Beer Awards and a Bronze Medal in the New York International Beer Competition. CEO Tom Scozzafava emphasized the importance of in-house production, which has led to remarkable consistency in quality and recognition at various competitions.