BOONE, N.C., April 22, 2016 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (OTC:HOPS) (“AMB”) announced today the release of its report regarding sustainability practices in major affected areas by the brewing industry. The Company’s framework for measurement is the Sustainability Accounting Standards Board (SASB), an independent 501(c)3 non-profit that develops and disseminates sustainability accounting standards that help publicly-listed corporations disclose material factors in compliance with SEC requirements.
“We are proud to be one of the first craft beverage companies to voluntarily adhere to the sustainability standards set forth by SASB. We believe this is an important step in line with our dedication and commitment to sustainability, community, and philanthropy. Additionally, through our engagement in voluntary disclosure, we seek to increase our transparency with our investors, customers, suppliers, and local community,” stated AMB CEO Sean Spiegelman.
AMB CFO, Jeremy Barnes added, “Furthermore, this initial report will serve as a benchmark for future performance. From our established benchmarks in this report, we can set targets for future performance and gauge our progress towards meeting our objectives. We are impassioned by social-mindedness and the many ways it can benefit both our communities and shareholders long-term.”
The report will discuss AMB’s current progress in each of the following areas: energy, water, supply chain and ingredients, packaging, and marketing. To view the report in its entirety please visit: http://appalachianmountainbrewery.com/sites/all/modules/custom/amb_core/modules/amb_home/files/AMB_Sustainability_Report_2015.pdf
About Appalachian Mountain Brewery, Inc.
Comprised of two wholly-owned subsidiaries, its craft beer business “Appalachian Mountain Brewery, LLC” is dedicated to making seriously delicious craft beer while focusing its business model on community, sustainability and philanthropy. Winner of numerous medals and awards, the Brewery brews and offers for sale many different craft beers. Its wholly-owned subsidiary “FarmToFlame, LLC” operates a food truck that features a unique wood fired oven in the truck, providing our customers with a casual dining experience that balances innovation and sustainability. Appalachian Mountain Cidery makes a hard cider using third generation locally grown North Carolina apples. Both subsidiaries have received the prestigious official certification by ASAP (Appalachian Sustainable Agriculture Project) for Western North Carolina grown and produced products.
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FORWARD LOOKING STATEMENTS
This release contains certain “forward-looking statements” relating to the business of AMB and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “estimates,” “believes,” “anticipates,” “intends,” "expects” and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on AMB’s current expectations and beliefs concerning future developments and their potential effects on AMB. There can be no assurance that future developments affecting AMB will be those anticipated by AMB. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual actions taken or results or performance to be materially different from those expressed or implied by such forward-looking statements. AMB undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
CONTACT: Sean Spiegelman, CEO (828) 263-1111 Sean@AMB.beer