Microsoft Word Presser.docx

Transcript

1 In the last 24hrs there has been significant press regarding Bull City Ciderworks and the future of the company as it relates to the Bull City. Ideally we would have been able to line up the release of our new location in Durham simultaneously with our announcement about the expanded production facility in Lexington, NC, but we are sti ll in negotiations and have dialed in on two locations in downtown Durham, we will both produce and sell our hard ciders. where We have been working on an expanded production location for the better part of a year and strongly an option to ex investigated Rocky Mount, NC. The reality of the Triangle is that there pand production in -­‐ 5% availability) and rents for such space is, for the is very little available industrial warehouse space (sub most part, in the high $5 to nearing $7psf NNN for Class A industri al space. As a result we expanded our real estate search to include areas that would offer proximity to the Bull City, favorable rents and easy portation nodes. In our search, both Rocky Mount and Lexington fit the bill, and access to major trans ultimately Lexington was willing to work faster toward getting a deal completed with Bull City . Ciderworks than Rocky Mount Lexington will be a great addition to our platform and we are excited about the opportunity to reach h Carolina and ultimately throughout the Southeast. The city more people with our hard ciders in Nort are and county have been very welcoming to our brand and our people, and very excited to become part of the Bull City Family. It is understood by everyone involved with the company, the City of L exington and the City of Durham that the heart of the company and the operation of the company will always be in the Bull City. Our expectation is to release information regarding our new home in Durham in the next 30 days. We were previously very close t o a spot in Du r ham, and when that negotiation went sideways we started from scratch again in our search for real estate. At this point we have two very good prospects for the future home of Bull City Ciderworks that are proximate to our current location off of South Elizabeth St. It should also be noted that no dollars raised through kickstarter have been used in the search or leasing ( separate funds are being obtained to com plete the production expansion), of real estate in Lexington and all of the kickstar ter support will be used to make the Durham location more incredible. We are planning for an increased line up of ciders in addition to more bathrooms and air conditioning in Durham, but will maintain our industrial ambiance that we have all come to love! We couldn’t be happier about the growth of our brand and business, and the success of the company to date is directly attributable to the support and care provided by Durham and the greater Triangle area. Durham was and always will be our home and we apprec iate your cont inued patience while we work out the final details of our Durham location. In the interim please continue to enjoy our S. Elizabeth St location. We will host a call Friday afternoon at 3pm to answer any additional questions and address any c omments, regarding the production expansion. On this call we will not disclose the two locations being considered in Durham. Conference Number: 218 -­‐ 936 -­‐ 0593 ; Passcode: 2323#

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