COLORADO SPRINGS, Colo. -- Hangover Joe's Inc., maker of Hangover Joe's The Hangover Recovery Shot, has announced it has obtained shareholder approval for a transaction with Accredited Members Holding Corp. As part of the transaction, Hangover Joe's will trade on the OTCBB Exchange under the ACCM ticker symbol until a new symbol is assigned. The name change of AMHC to Hangover Joe's Holding Corp., and the new trading symbol, are expected to be in effect prior to the end of July.
"This is a tremendous opportunity for us to continue our exponential growth with the support of new investors and the guidance and expertise of Accredited Members behind us," said Hangover Joe's co-founder Mike Jaynes. "Hangover Joe's has become an international sensation through our partnership with Warner Bros. Pictures and new distribution deals in Canada, Australia and New Zealand. We're eager and ready to ramp up and expand our reach both around the globe and with new distributors and retail outlets here in the U.S."
Co-founder Shawn Adamson, added, "The merger just makes good business sense, giving us the opportunity to grow the Hangover Joe's brand both domestically and internationally in any number of unique and exciting ways."
In the three years since its market debut, Hangover Joe's The Hangover Recovery Shot has become a leading hangover recovery product, which the company said "is favored by young partiers and mature individuals alike to help them feel revived and alert the morning after an all-night bash or a few too many drinks with the boss or a client."
The Hangover Recovery Shot is currently distributed in nearly 30,000 U.S. retail locations, including participating 7-Eleven stores, RaceTrac, Love's, Valero, Hastings Entertainment, MGM Resorts, Harrah's, Terrible's and Stripes. The product is also distributed through McLane, Core-Mark, Wirtz Beverage Group, Republic National Distributing and several other regional beer and wine distributors across the United States. The company also has licensing and distribution deals in Australia, New Zealand and Canada.
"Hangover Joe's has an incredibly wide market appeal ranging from college students and young professionals to busy parents and mature professionals," said J.W. Roth, CEO and co-founder of AMHC.
Hangover Joe's The Hangover Recovery Shot is a two-ounce shot taken first thing in the morning to help ease the effects of alcohol consumption. Featuring Hangover Joe's patent-pending Get Up and Go Blend, The Hangover Recovery Shot is made from 100% all-natural ingredients that restore the body's essential antioxidants and nutrients to relieve symptoms. And, unlike energy drinks and shots that rely on caffeine, The Hangover Recovery Shot contains only as much caffeine as a single cup of premium coffee to help anyone quickly feel revived and alert, without the exhausted crash later, said the company.
An officially licensed product of Warner Bros. "The Hangover" movie, Hangover Joe's The Hangover Recovery Shot is now available in an exclusive collectible series of movie-theme labels.