V Group Inc (OTC PINK: VGID) -- As first reported on June, 22nd, V Group, Inc. is excited to announce that the Company has begun its quest to diversify its interests with an aggressive incubation program. The Company finalized its agreement to incubate the first of many new ventures. On August,4 2014, V Group, Inc. formally entered into an agreement with Fernhill Beverage, Inc. (a Nevada Corporation) to assist in the development, incubation, launch and growth of a beverage focusing on the child and youth markets. V Group will be supplying seed capital, as well as guidance in the development, production and introduction into distribution of the new brand. In return, V Group will be receiving a sizeable amount of equity in Fernhill. Both Companies feel the youth market is a section of the industry that is grossly underserved. According to the agreement, Ferhill will be fully audited from day 1. Fernhill will be on track to be a fully reporting public company within 12 months of initiating operations. V Group, Inc. shareholders will be receiving shares of Fernhill once the company becomes public equal to the appropriate percentages. The exact amounts will be announced as the dates become closer. “This will be a true win-win-win situation for all. We expect sales in the range of $250,000 to $500,000 in year one, states Larry Twombly, V Group, Inc. CEO. Both Companies expect to have working samples within 60 days and be ready for production shortly after. The product will be launched in San Diego County in the fall with broader distribution planned for the spring season.
“This is just the first of many growth opportunities for V Group, Inc. We will be actively seeking other ventures to incubate in and out of the beverage industry “, states Mr. Twombly.
The second quarter report is now posted on OTC Markets.
The Company will be announcing the shareholder conference call within the next 2 weeks.
The Company would like to thank all the shareholders, venders, partners and customers. We look forward to a long journey together.
V Group, Inc.
SOURCE: V Group, Inc