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BUSINESS
December 17, 1998
Frederick Brewing Co. shareholders will meet Feb. 25 to vote on the company's plan for retaining its Nasdaq stock listing.Nasdaq notified the company in September that the stock would be delisted unless the share price reached at least $1 for 10 consecutive trading days by Dec. 14.The stock made its debut at $6 a share in March 1996; it closed yesterday at 37.50 cents, unchanged.The company has appealed the delisting notice and announced a planned reverse stock split to exchange one new share for each five shares owned.
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ENTERTAINMENT
By Erik Maza and The Baltimore Sun | March 5, 2012
The new National Premium is expected to reach bars and liquor stores this April, "just in time for baseball," owner Tim Miller said Monday. On Wednesday, Fordham Brewing Company in Delaware will start brewing the beer's first official batch - 50 barrels - since 1996. The whole process, including bottling, should be finished by the end of March, Miller said. Several 100-barrel runs are planned after that. It has not been decided yet how many bars and liquor stores will get the beer, since Miller has not inked a deal with a distributor.
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BUSINESS
December 5, 1998
With the threat of being removed from Nasdaq's listing, Frederick Brewing Co. said yesterday that it will ask shareholders to approve a 5 to 1 reverse stock split. The Frederick-based brewer would go from about 14.2 million outstanding shares to 2.8 million.Frederick shares have traded at $1 or less since late July, and Nasdaq officials said they must reach a closing price of at least $1 per share for 10 consecutive days by Dec. 14 or be delisted.The company -- whose lines include Blue Ridge and Hempen -- hasn't posted a profit since going public in March 1996.
BUSINESS
By ALLISON CONNOLLY and ALLISON CONNOLLY,SUN REPORTER | July 28, 2006
After years of debt and an uncertain future, the former Frederick Brewing Co. introduced yesterday a new owner who wants to aggressively expand production. Renamed Wild Goose Brewery for the brand of beer made there, the brewery in Frederick is now the East Coast hub for Denver-based Flying Dog LLC, which makes Flying Dog Pale Ale and Old Scratch Amber Lager. Flying Dog purchased the brewery in May for about $1.6 million, said President and Chief Executive Officer Eric Warner. The plant, completed in 1997, was built at a cost of $8 million that was partly financed by $4.5 million in state economic development bonds.
BUSINESS
BY A SUN STAFF WRITER | April 2, 1998
Frederick Brewing Co., brewer of Blue Ridge, Hempen, Wild Goose and Brimstone beers, reported a fourth-quarter loss of $2.9 million yesterday, compared with $1.5 million a year earlier.The company attributed the wider loss to higher operating costs and interest expense.It also included a nonoperating charge of $1.3 million for dividends on preferred stock that did not apply in 1996.Sales for the three months ended Dec. 31 were $1.1 million, a 123 percent increase over the 1996 quarter. The results do not include sales of the Wild Goose or Brimstone brands, which were acquired this year.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | July 21, 1998
Frederick Brewing Co. said yesterday that it had eliminated some management jobs and reduced salaries of senior executives in a cost-cutting move to save $200,000 as it warned of a "significant" loss in the second quarter.Frederick Brewing, whose losses have increased for four consecutive years, said it lost $4.4 million in 1997 and $910,000 in the year-ago second quarter.A complete earnings report for the three months that ended June 30 will be released Aug. 2. Notice of the continuing losses came as the company reported second-quarter sales were up 82 percent over the same time last year.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 18, 1999
Financially troubled Frederick Brewing Co. said yesterday that it narrowed its loss in the second quarter despite a steep decline in sales, and that it is on track to complete a deal this month that would turn over control of the company to a Cleveland-based brewer.The Frederick-based specialty brewer posted a loss of $748,000, or 41 cents a share, compared with a loss of $1.9 million, or $2.04 a share, in the second quarter last year.Sales for the three months that ended June 30 were $1 million, down 37 percent from the $1.6 million reported in the second quarter of 1998, according to Frederick's quarterly filing with the Securities and Exchange Commission.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 7, 1998
Frederick Brewing Co. reported a second-quarter loss yesterday of $1.9 million, double its $950,000 loss in the same quarter last year.The loss amounted to 20 cents a share, with 9.5 million shares outstanding, vs. 45 cents in the same period last year, when the company had 2 million shares outstanding.The Frederick-based craft brewery, whose lines include Blue Ridge and Hempen, warned of the loss last month when it announced it was eliminating six salaried positions and cutting senior management pay in a cost-saving move.
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | April 29, 2000
When C. David Snyder bought Frederick Brewing Co. in August, a cold six-pack of Wild Goose might have looked like a better investment. The Maryland brewing company's second-quarter sales had dropped 37 percent to $1 million. Its sales force had dwindled to just two for its Mid-Atlantic customer base. The only good news was its $748,000 loss -- an improvement over the $1.9 million loss the brewery posted in the second quarter of 1998. "The numbers were disastrous," Snyder said yesterday.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 27, 1999
Frederick Brewing Co., which hasn't posted a profit since going public in 1996, said yesterday that it has closed a deal that gives control of the company to a Cleveland-based brewery.Privately held Snyder International Brewing Group LLC purchased 4.4 million newly issued common shares for $2 million in cash, giving it 51 percent of the company's voting stock. The price is equivalent to about 45 cents a share -- 74 percent less than Wednesday's closing price of $1.75. Shares closed yesterday at $1.375, down 37.5 cents, in over-the-counter trading.
BUSINESS
By JAY HANCOCK | June 9, 2002
THE HEIGHT of the mania in microbrewery investment, which came three years before the crest of a similar psychosis in Internet finance, can be identified with some precision. On Feb. 12, 1997, Frederick Brewing Co. held grand-opening rites at a big, beautiful, amber-brown factory near where Interstate 270 splits from Interstate 70 in Western Maryland. The building would soon contain enough brew kettles, mash mixers, fermenters and bottling lines to make 80,000 barrels of beer annually.
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | April 29, 2000
When C. David Snyder bought Frederick Brewing Co. in August, a cold six-pack of Wild Goose might have looked like a better investment. The Maryland brewing company's second-quarter sales had dropped 37 percent to $1 million. Its sales force had dwindled to just two for its Mid-Atlantic customer base. The only good news was its $748,000 loss -- an improvement over the $1.9 million loss the brewery posted in the second quarter of 1998. "The numbers were disastrous," Snyder said yesterday.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 27, 1999
Frederick Brewing Co., which hasn't posted a profit since going public in 1996, said yesterday that it has closed a deal that gives control of the company to a Cleveland-based brewery.Privately held Snyder International Brewing Group LLC purchased 4.4 million newly issued common shares for $2 million in cash, giving it 51 percent of the company's voting stock. The price is equivalent to about 45 cents a share -- 74 percent less than Wednesday's closing price of $1.75. Shares closed yesterday at $1.375, down 37.5 cents, in over-the-counter trading.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 18, 1999
Financially troubled Frederick Brewing Co. said yesterday that it narrowed its loss in the second quarter despite a steep decline in sales, and that it is on track to complete a deal this month that would turn over control of the company to a Cleveland-based brewer.The Frederick-based specialty brewer posted a loss of $748,000, or 41 cents a share, compared with a loss of $1.9 million, or $2.04 a share, in the second quarter last year.Sales for the three months that ended June 30 were $1 million, down 37 percent from the $1.6 million reported in the second quarter of 1998, according to Frederick's quarterly filing with the Securities and Exchange Commission.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | July 1, 1999
Financially strapped Frederick Brewing Co. announced yesterday that it has entered into an agreement with Snyder International Brewing Group LLC that gives the Cleveland-based company the exclusive right, until July 25, to acquire a majority interest in the Maryland brewer."
BUSINESS
By Tom Pelton and Tom Pelton,SUN STAFF | April 29, 1999
Beer and ham were served at the Inner Harbor yesterday, as state Comptroller William Donald Schaefer played to the cameras to pitch the reintroduction of National Premium beer.The struggling Frederick Brewing Co. announced at a news conference during the Baltimore Waterfront Festival that it has bought the rights to National Premium, which was one of Baltimore's better-known beers from 1934 until 1996.The brewer also bought rights to National Premium's mascot, the monocle-wearing Mr. Pilsner.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | December 17, 1997
Three microbreweries with little in common but the state of Maryland said yesterday that they were casting their lots together to better their prospects for survival in an increasingly difficult industry.Frederick Brewing Co. of Frederick announced its plans to buy Cambridge-based Wild Goose Brewery Inc. and Baltimore-based Brimstone Brewing Co. late Monday. The three companies joined to explain the deal yesterday.Frederick Brewing will pay about $3 million for Wild Goose, an amount that will include retirement of Wild Goose debt and the issuance of Frederick Brewing Co. stock.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | February 12, 1999
In an effort to remain listed on the Nasdaq stock market, Frederick Brewing Co. has filed with the SEC to reverse-split its stock 10-to-1 instead of the 5-to-1 reverse split it requested in December, the company said yesterday.The Frederick-based brewer released sales figures showing growth and said it is working with a financial adviser to identify and evaluate possible mergers and acquisitions, or the possible sale of the company.If the stock split is approved, Frederick Brewing will reduce its outstanding shares from about 14.2 million to about 2.2 million, said Chief Executive Officer Kevin Brannon.
BUSINESS
December 17, 1998
Frederick Brewing Co. shareholders will meet Feb. 25 to vote on the company's plan for retaining its Nasdaq stock listing.Nasdaq notified the company in September that the stock would be delisted unless the share price reached at least $1 for 10 consecutive trading days by Dec. 14.The stock made its debut at $6 a share in March 1996; it closed yesterday at 37.50 cents, unchanged.The company has appealed the delisting notice and announced a planned reverse stock split to exchange one new share for each five shares owned.
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