Tinley Announces Board and Management Changes

TORONTO, ONTARIO–(Marketwired – June 16, 2016) – The Tinley Beverage Company Inc. (OTC PINK:QRSRF)(CSE:TNY) (the “Company” or “Tinley“) is pleased to announce that Jeff Pencer has joined the Company’s newly-formed Advisory Board. Jeff was previously head of product development and operations. With the company’s significant ramp up of activity in California, the company is building its base of Los Angeles-based operational, sales, marketing, product development and distribution staff.
“Jeff created an outstanding lineup of products for us, and we look forward to continuing to work with him and his extensive network of contacts in the beverage industry in his new capacity as an Advisory Board member,” said Jeff Maser, CEO of Tinley.
Mr. Pencer will continue to receive his previously-announced shares and options, the majority of which are released based on the Company achieving various revenue targets. A total of 187,502 shares in escrow are being cancelled.
The Company also announces the resignation of Tony Roodenburg from the Board of Directors.
“Tony provided invaluable assistance in the Company’s transition from a mining exploration company, and we wish him much continued success with his other ventures,” continued Maser.
Hemplify is a line of fruit-flavored, sugar-free, vegan, drinkable supplements that contain hemp extract including terpenes and other hemp stalk constituents. Each product also contains 9-12x the potassium electrolyte content of major sports drinks, 200mg of Omega 3 and excellent sources of vitamins A through E (including 100% DV of Vitamin B12, C and D). Hemplify is produced with patented technology that elevates absorption into the bloodstream, ensures shelf stability and masks the hemp oil’s taste to enable delicious, refreshing flavors.
About The Tinley Beverage Company
The Tinley Beverage Company is a functional beverage company focused on hemp-infused beverages and supplements. The company has a patent-produced liquid supplement containing certifiable phytoconstituent-rich hemp oil. The company is producing its products in Los Angeles and is focusing distribution on key markets throughout the United States.
Forward-Looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.