![]() Media Contact: Bang Energy at VPX Sports/Bang Energy Huron Consulting Group serves as financial advisor. The company is represented by Latham & Watkins LLP and Berger Singerman LLP as counsel. The knowledge we gained over the past several years has been transformative,” said Owoc. During this transition, our brilliant staff is committed to the success of our new distribution network and remarkable retailers. “This reorganization will position our company for future growth. Owoc emphasized today’s court filings will enhance operations and the company expects to continue engage in explosive growth throughout the process. We will continue to fight these monster corporations and will not allow them to deprive you of our remarkable beverages and other inventions.” Our inspired and positive contributions have been met with numerous lawsuits from Monster Energy and also Pepsi, basically Big Beverage. “We also invented the performance energy category with social media supporters who grew along with our brand. “More than 20 years ago, we disrupted the beverage industry with brilliant, great tasting, better-for-you, highly effective innovations,” said Owoc. We are a private, American-owned and operated beverage company that supports our local communities, and we continuously innovate flavors and performance benefits that consumers demand.” beverage and hydration brand that has shifted away from plastic to nearly 100% aluminum production. I know we will successfully emerge from this process as a stronger company,” Owoc said. “This company was founded on determination and a relentless passion for giving our customers and consumers what they want – and we will continue do so. ![]() VPX intends to use the Chapter 11 process to recapitalize and emerge from bankruptcy well-positioned to continue its rapid growth in the beverage market. ![]() This filing is a restorative action to help the company recover from recent challenges, including multiple lawsuits that impacted the Company’s short-term outlook and the cost impact of reconstituting the company’s national distribution network that resulted in a summer revenue gap. This will be a comprehensive transition with no impact to product availability. Bang Energy’s new DSD network will launch nationwide and be closer to 100% as it officially completes its exit from the Pepsi relationship this month. “The primary objective of our new DSD network is to regain the massive market share we earned prior to Pepsi and continue to achieve double digit growth and progress vigorously beyond 20% market share in energy drinks,” said Owoc. We are coming like a freight train and cannot be stopped.” “Utilizing our new state-of-the-art decentralized direct store distribution (DSD) will allow Bang Energy to get back to our pre-Pepsi meteoric annual success of several hundred percent year over year growth. “We are excited about our future, and particularly the new distribution system that we have spent the better part of this year assembling, said Jack Owoc, CEO and founder of VPX. VPX’s Chapter 11 efforts are being supported by $100 million of additional financing from VPX’s esteemed syndicate lenders to help ensure operations continue uninterrupted during the restructuring process. All business operations will continue, with improved product delivery and service to retailers through VPX/Bang Energy’s newly constituted legacy distribution network consisting of more than 269 best-in-class distributors. VPX Sports is the maker of Bang energy drinks, among other consumer products. #Buy redline energy drink code#(“VPX Sports” or “Vital”), along with certain of its domestic subsidiaries and affiliates, announced it has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the Southern District of Florida. 10, 2022 (GLOBE NEWSWIRE) - Today, Vital Pharmaceuticals, Inc. ![]() There will be no impact to product availability, customer orders or operations. ![]() Restorative strategy will restructure current financing while keeping company operations fully active. ![]()
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