Kore Nutrition Incorporated (OTCBB:KORE.ob) and the Company’s wholly owned subsidiary, Go All In, Inc. (“ALL IN”), are pleased to announce the appointment of a unique and experienced Advisory Board to facilitate rapid expansion of the ALL IN Energy brand of products. The Advisory Board will be chaired by Phil Atwell, owner of Geronimo Film Productions Inc., which has been responsible for the development of music videos for 50 Cent, Dr. Dre, Eminem and Marilyn Manson, as well as commercial campaigns for Coors Light.
ALL IN President and CEO, David Powley, stated that, “We are overwhelmed with the caliber and talent of all of our dedicated and professional Advisors and, as All In Energy products cater initially to the Professional Poker Society, we are very fortunate that Phil Atwell has agreed to Chair this Advisory Board with his substantial experience in the entertainment world.”
Powley continued, “This is the platform that will help Go All In Inc. express to, and impress upon, the vast consumer audience that our products are not just another brand of energy mixers for the juvenile jet set; we offer healthy energy (thus the term “healthergy”) based products which will help all demographics everyday.”
The ALL IN Advisory Board will play an integral, daily role in the growth of the Company. Bringing with them an extensive level of experience across a diverse range of fields, the Advisory Board will be called upon for their objective, professional advice as it pertains to the development, distribution, and management of the Company’s flourishing line of energy drinks, purified water, and new products under development.
EQ Labs (Pink Sheets:EQLB) began a national advertising campaign with a 5 minute spot on ABC affiliate KTNV (Channel 13) in Las Vegas. Chief Executive Officer, Maurice Owens, was featured on “The Morning Blend” show talking about the virtues of EQ Energy drink while also displaying the company’s complete product line.
KTNV is owned by New York Stock Exchange-traded Journal Communications, Inc. The Company owns television stations, radio stations and newspapers in Arizona, Wisconsin, California, Florida and other major markets throughout the country.
In the interview, Owens stresses the health factor of EQ, “No sugar, five calories.”
Owens continued, “The flavors are super. We have Mo Apple and Strawberry Dream. It takes about 30 seconds to get going.”
Chief Executive Officer Owens also stated that the market for EQ is very large and that he expects EQ Energy drink to be in 5,000 additional stores by year end as the company’s products are already in 45 states. Owens stated that the “Healthy Energy Drink” is being used by students, truck drivers and young adults because of its wide spread appeal.
Owens added toward the end of the interview, “We have three top distributors so we have access to about 150,000 stores.”
Hollywood Media Corp. (NASDAQ:HOLL), a leading provider of online ticketing services and entertainment-related offerings, reported financial results for the second quarter ended June 30, 2010. As previously announced, the Company has reached a definitive agreement to sell its Broadway Ticketing business subject to the approval of Hollywood Media’s shareholders as well as the satisfaction or waiver of certain other closing conditions set forth in the definitive agreement.
For the 2010 second quarter, net revenues increased 11% to $33.6 million compared to $30.3 million in the prior-year period. Broadway Ticketing revenues, which represented 97% of the Company’s total net revenues, increased 12% versus the prior year period.
Net income for the 2010 second quarter was $0.2 million, or $0.01 per diluted share. This compares to a net loss of $4.8 million, or $0.16 per share, in the prior-year period which included a $5.0 million non-cash impairment charge related to the Ad Sales segment. Net income for the 2010 second quarter was impacted by $0.2 million in legal expenses related to the proposed sale of the Broadway Ticketing business, a $0.2 million increase in inventory reserve to reflect the Company’s decision to carry more ticketing inventory to meet demand, a $0.1 million early termination fee on an office lease in order to downsize the Company’s corporate offices in Boca Raton, Florida, and $0.1 million in payroll costs in the Broadway Ticketing business relating to the proposed sale.