Limitless Venture Group has formally signed the SLAM bottling agreement with Temperance Distilling, through its wholly owned subsidiary Limitless Brands, which supersedes any and all previous agreements.
After Temperance tested the bottle, cap and label for SLAM on its current line to make sure of compatibility, looking over flavor profiles and calculating costs it was decided the SLAM project was a great fit and is moving forward full steam ahead.
One round of flavor testing has been completed and some minor tweaks to a few flavors were suggested. Those changes have been made now and new samples have just arrived for final taste testing. From here Temperance is to apply to the TTB for new FIDS and COLA approvals, which are flavors and labels. This process can take anywhere from 30-60 days. Once approved production is to begin immediately.
The target set of a Spring Break 2015 launch is very attainable.
"We are very excited to have formally signed the SLAM bottling agreement with Temperance after mutually agreeing on price and production targets and all is a go!!!! With our minimum bottling agreement of 3,000 cases per year that will generate a minimum of a half-a-million dollars in annually sales, and we plan on much higher production rates than just the minimum!" stated LVGI CEO Joseph Francella. "We are well on our way to having SLAM on your shelves as promised," he went on to say.
Updates to follow on final flavor samples and approval process. Our shareholders will be kept informed every step of the way.
Excerpt from Temperance website:
TDC is a full service beverage/brand solution for both start up's and existing companies. From product formulation to organic certified manufacturing and warehousing we offer many valuable services. TDC operates multiple bottling lines capable of filling all the TTB standard fills and a wide variety of shapes and finish styles. With the abilities to fill standard and non-traditional packaging our capabilities are vast. This basically means, the wilder your idea, the more chance there is that we can fill it.
In addition to our purchasing and bottling capabilities we also offer services such as bonded warehousing, design services, TTB consulting, registrations, product brokering, state compliance services, logistics, procurement, sales and royalty tracking, account reporting, import/export services and so much more. When we say that we are a "full service" solution, we truly have every capability necessary to fulfill all of your brand needs.
