ATLANTA, Ga., March 01, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Yuengling’s Ice Cream Corporation (“Yuengling’s”) (OTC PINK: ARSN) is pleased to announce that it has signed a binding letter of intent (“LOI”) to acquire Revolution Desserts, LLC (“Revolution”). Revolution owns or licenses the brands Gelato Fiasco, Sweet Scoops, Art Cream and SoCo Creamery.
Gelato Fiasco is a premium gelato product with two stores and is available at over 600 outlets. Sweet Scoops, a producer of all-natural frozen yogurts, is sold at Whole Foods, Roche Bros and approximately 100 independent stores. Art Cream, an organic artisanal ice cream with unique and often unconventional pairings, is currently sold at MOM’s Organic Market and other natural/organic retailers. SoCo Creamery is an all-natural, super premium ice cream, gelato and sorbet distributed from Maryland to Maine at stores including Whole Foods, Roche Bros, Big Y, Stop & Shop, other select retailers and four Sysco distribution centers .
“We are thrilled to add such amazing and diverse products to Yuengling’s brand portfolio,” commented Rob Bohorad, President and CEO of Yuengling.
About Yuengling Ice Cream
Yuengling’s Ice Cream was founded by American businessman Frank D. Yuengling in 1920 to help sustain the family brewery during Prohibition, which lasted from January 1920 to December 1933. Established as a separate business from the brewing in 1935, Yuengling’s has maintained a strong tradition of making exceptional gourmet ice cream products in central Pennsylvania. The fan-favorite brand has advanced its heritage and renowned dairy quality by using locally sourced dairy ingredients that contain no added hormones. The company ceased production in 1985 when no family successor emerged. In 2014, David Yuengling, Frank’s great-grandson, and Robert Bohorad relaunched the brand and an American classic was reborn. Yuengling’s Ice Cream Corporation, as it has existed since 1935, is a separately owned and operated company from DG Yuengling & Son Brewery, Inc.
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This communication contains statements that may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intention , the current beliefs or expectations of Yuengling’s Ice Cream Corporation and its officers and the assumptions on which such statements are based.
Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by these forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in the forward-looking statements include fluctuations in operating results, the ability to compete successfully and the ability to complete the transactions noted above.
The Company undertakes no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of unforeseen events or changes in future results of operations.
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