Performance Drink Group Inc - PDPG STOCK NEWS

Performance Drink Group (OTC:PDPG) announced the engagement of a PCAOB auditing firm to conduct audits of its financials for 2021 and 2022. This move aims to attract larger acquisition opportunities as the company develops its beverage line and seeks cash-flow acquisitions. Following a change in management in fall 2022, significant steps were taken to clean up the share structure, including the retirement of over 7.7 million Series A Preferred shares and 300 million Common shares. The company emphasizes its commitment to increasing shareholder value through strategic growth.

Performance Drink Group, Inc. (OTC: PDPG) announced the elimination of over 1.25 billion potential shares, including the retirement of 7,716,219 Series A Preferred shares and 300,000,000 Common shares. This strategic move aims to improve the company’s share structure under new CEO Jeffrey M. Canouse, who emphasizes plans for cash flow-positive acquisitions. Performance Drink Group focuses on sports nutrition and energy drink solutions, with a commitment to enhancing shareholder value through both organic and strategic growth.

Performance Drink Group (OTC PINK:PDPG) has launched a new energy supplement called Pro Boost, a zero-calorie, zero-sugar drink aimed at gamers and the broader market. The product is available for pre-order and will be delivered starting June 1, 2022. Key ingredients include energizers and a significant amount of B Vitamins. The company's strategy includes targeting specialty retailers and direct-to-consumer sales to increase market penetration. Additionally, James Gracely has been appointed as Senior Vice President to oversee new product innovations and strategic partnerships.

Performance Drink Group (PDPG) has engaged TD Media LLC for a 90-day digital marketing campaign with a budget of approximately US$300,000. The company retracts its previous use of '5-hour energy' in marketing its Pro Boost beverage, ensuring compliance with trademark regulations. Pro Boost, featuring high levels of B Vitamins and no calories or sugars, will be available in 4-6 weeks, with pre-orders already being accepted from major retailers. PDPG aims to target the gamer community and expand its retail presence across various channels.

Performance Drink Group (OTC PINK:PDPG) is set to launch Pro Boost, a new zero-calorie, zero-sugar energy supplement, in 4-6 weeks. Pre-orders are already being accepted from major retailers, with direct consumer sales expected via the company's website soon. Pro Boost targets the gamer and streamer community, aiming to invigorate a stagnant shot category. Each serving is rich in essential B vitamins and includes energizers like Taurine and Caffeine, while remaining free from calories, sugar, and artificial additives. More details on distribution are forthcoming.

Performance Drink Group (PDPG) has appointed James Gracely as its new Senior Vice President. Gracely brings over 20 years of experience in the Beverage, Health & Wellness industry, significantly boosting VPX/Bang Energy's annual sales from under $80 million to over $1 billion. His previous roles included leadership at Ignite Beverages, where he turned a $10 million loss into a $20 million profit. CEO David W. Lovatt expressed enthusiasm about Gracely's potential to drive growth in the performance beverage sector.

Performance Drink Group (PDPG) announced a joint venture (JV) with an EU-based R&D partner to develop patent-protected ingredients aimed at enhancing heart health. This collaboration aims to innovate within the energy drink sector by creating new products using natural ingredients, including cannabis. CEO David W. Lovatt expressed optimism about the venture's potential to generate stable revenue and disrupt the cannabis beverage market. The energy drink market is projected to grow over 9% annually, highlighting the promising landscape for PDPG's initiatives.

Performance Drink Group, Inc. (OTC Pink: PDPG), a new player in the sports nutrition and energy drinks sector, is preparing for operations with plans for an acquisition and joint ventures. The company aims to capitalize on the booming global market for energy drinks, projected to exceed $60 billion with annual growth rates over 9%. CEO David W. Lovatt highlights the urgent demand from brands for manufacturing capabilities. The first acquisition announcement is anticipated in March 2022, aligning with advanced joint venture negotiations.