I-TAP, Inc. Enters Into Discussions With Potential Distribution Partner for Entry Into the South Korean Market

SOUTHFIELD, MI -- (Marketwired) -- 10/09/14 -- Halberd Corporation (PINKSHEETS: HALB) subsidiary I-TAP, Inc. announced that the company has entered into discussions for the distribution and sale of I-TAP's proprietary electronic draft beer dispensing system with NexSol Technologies, Inc., a well-established firm headquartered in Seoul, Korea that has been conducting business there since 1980.

This initiative is a result of I-TAP's intent to build an international distribution network by introducing international distribution partners to more rapidly expand the Company's global footprint.

South Korea is a $5.8 billion beer market and, according to Korea Customs Service data, beer imports totaled a record $50.8 million in the first half of this year, up 28.5% from a year earlier.

"We are thrilled to be in discussions with NexSol Technologies, Inc. for distribution into an entirely new territory, South Korea, which is experiencing a significant increase in beer consumption," said John Osborne, Founder and President of I-TAP, Inc. "Over the long term, we believe sales from international distribution partnerships should exceed domestic sales. We will explore additional distribution partnerships in new international territories while continuing to aggressively pursue or domestic sales objectives."

I-TAP, Inc. is the developer of the electronic I-TAP draft beer dispensing system for the facility management, hospitality and food service industries. They are located in Sarasota, Florida. www.itapit.com

Halberd Corporation is a Holding Company and Incubator for early stage high growth businesses. They are located in Southfield, Michigan. Halberd Corporation trades on the OTC Market under the ticker symbol HALB. www.halberdcorporation.com

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

John C Maddox
Halberd Corporation
Email Contact

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.