![]() ![]() “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,” Owoc continued. ![]() 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,” Owoc, CEO of VPX, said in a press release. However, Jack Owoc, CEO and founder of the energy drink, remains optimistic, stating that lenders have put up $100 million and that the company has a new distribution network that will take over from PepsiCo. and an additional $115 million to PepsiCo Inc, its previous distributor, according to a story published in the Regina Leader Post. On October 10th, Vital Pharmaceuticals Inc, the maker of Bang energy drinks, filed Chapter 11 bankruptcy, signaling trouble for the once extremely popular beverage maker … and perhaps indicating a larger trend with consumers and energy drinks.Īre the days of energy drinks numbered? Or, is Bang just an example of a company that fell victim to legal damages and failed deals?Īccording to court papers filed, Vital Pharmaceuticals owes over $500 million to Monster Beverage Co. ![]()
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