PHOENIX, AZ -- (Marketwired) -- 04/27/17 -- NOHO, Inc. (OTC: DRNK), a Wyoming corporation (the "Company"), announced the following:
The Company is pleased to announce the signing of a national sales and distribution agreement with BNG Enterprises, Inc. ("BNG"), located in Tempe, Arizona (www.bngprodx.com). The agreement provides BNG the exclusive rights to sell the NOHO 2oz Shot throughout its nationwide retail stores as well as online sales through Amazon®.
BNG has been a leading manufacturer in the natural foods and supplements industry for over 20 years. BNG's products can be found in thousands of retailers across the country. Our NOHO 2oz Shot will now be placed into the BNG sales engine, with the ability to be sold in national chains such as GNC and Vitamin Shoppe, in addition to independent smoke shops, vape shops and health stores. BNG's sales force will be putting the Shot into its national distribution in all major markets with concentration in California, New York and Florida.
David Mersky, NOHO's CEO, stated, "NOHO is proud to announce this deal with BNG Enterprises and is excited to begin moving product into retail stores across the country. In addition to its core strength in selling to retail smoke shops and vape stores, where NOHO is a natural fit, BNG also has established relationships with big box retailers, convenience stores and the supermarket space. This deal brings NOHO the ability to manufacture, warehouse and ship product through a well-established sales and distribution partner with a stellar reputation. This is just the beginning of what we envision to be a long-term relationship."
The Company is in the process of moving inventory to BNG for immediate distribution. BNG will also be managing all online sales of NOHO products through Amazon®, taking advantage of a streamlined delivery system with all of the Amazon® Prime and related benefits.
"We are really excited to enter this relationship with BNG. Not only does this put in place a solid structure to handle both retail and online sales, but it offers NOHO a logistical solution to be able to move the product into stores that we did not have before," said Mersky. "In terms of the near future, we are currently in talks with a producer of cutting edge cannabis products to bring into NOHO through acquisition. BNG's targeted distribution in the smoke and vape shop arenas has essentially set the table for us to be able to bring these products to market. I look forward to providing an update on this very soon."
Cautionary Note Regarding Forward-Looking Statements.
This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Noho, Inc. (the "Company"), its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in the forward looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.