UPD Holding Corp. Announces New Brewing Relationship With Brew HUB, LLC and Launch of New Beer by Record Street Brewing Co.

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UPD Holding announces new brewing relationship with Brew Hub along with the launch of a new beer called Stylus by Record Street Brewing Company.

UPD Holding Corp. (OTC:UPDC) (the “Company” or “UPDC”), a consumer products development company with concentrations in the specialty beverage sector and health and wellness industry, is proud to announce that its wholly owned subsidiary, Record Street Brewing Co. (“Record Street”), has completed its first brews with Brew Hub, LLC (“Brew Hub”), at Brew Hub’s premier craft beer bottling facility located in Lakeland, Florida.

The initial brews included 100-bbl runs of each of Record Street’s flagship ales, Blonde Ale, Pale Ale, and India Pale Ale, in Record Street’s original formats, one-half barrel kegs, one-sixth barrel kegs, and 12-ounce bottles in six-pack carriers and 24-pack cases. In addition, the brews included Record Street’s inaugural 200-bbl run of its flagship lager, the Stylus.

Jesse Corletto, President of Record Street, said, “We have been in conversations with Brew Hub for years and are very pleased to have the opportunity to launch our Stylus lager with them. While our ales broke us into the market and remain the backbone of our catalogue, we believe the Stylus is the session beer that our customers have longed for us to release. Its light, crisp flavor and modest bitterness and alcohol content are perfect for a day outside at a music festival or listening to a band indoors at your favorite club venue. The Stylus truly is a craft beer for everyone, and our relationship with Brew Hub ensures that we can scale production to meet almost any demand.”

“The acquisition of Record Street, the brewing relationship with Brew Hub, and the launch of the Stylus lager are important milestones for UPDC,” said Mark Conte, CEO of UPDC. “We believe these initiatives enhance the value of our consumer products portfolio and enhance the growth potential of our core business competencies. We intend to pursue these types of opportunities in the ongoing effort to accelerate our growth trajectory and maximize value for our shareholders,” said Conte.

The Stylus is scheduled to drop in keg and bottle formats in late March or early April and in 12-ounce cans in May. All styles and formats are available through Record Street’s distributors in California (Young’s Market Company) and Nevada (Southern Glazer’s Wine and Spirits) and upon request in other locations.

About Record Street Brewing Co.

Record Street Brewing Co. is a craft beer company based in Reno, NV and a wholly-owned subsidiary of UPD Holding Corp. Inspired by the universal love of music by all, Record Street’s beers are expertly mastered to be harmonic, full flavored, and balanced, making them accessible to a wide range of consumer tastes and pairable with any occasion. Record Street is committed to creating a fun, stimulating, supportive, and collaborative environment for all with respect for our customers’ values and support. A love of craft beer and music is what defines Record Street and its customers. Visit Record Street Brewing Corp. at http://www.recordstreetbrewing.com and on social media at:

Facebook: https://www.facebook.com/recordstreetbrewing/
Twitter: https://twitter.com/recordstbrewing
Instagram: https://www.instagram.com/recordstreetbrewing/

About UPD Holding Corp.

UPD Holding Corp. is engaged in the business of product development, marketing, distribution, and sales through its three wholly-owned subsidiaries, United Product Development Corp., iMetabolic Corp., and Record Street Brewing Corp., with concentrations in the specialty beverage sector and health and wellness industry. UPDC’s growth strategy focuses on target demographics and markets that are believed to represent underserved consumer needs, as well as on leveraging distribution networks and customer remarketing opportunities across in-house brands. Visit UPD Holding Corp. at http://www.updcorp.com.

Mark Conte, CEO & Director
775.829.7999 x112

Notice About Forward-Looking Statements

This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed for any acquisitions, production, marketing, products or product sales, and the timeliness within which such items may be accomplished, as referred to in this news release.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with acquisitions, product development and sale. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.

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Mark Conte
UPD Holding Corp.
+1 (775) 829-7999 Ext: 112
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Mark W. Conte
UPD Holding Corp.
1 775 829 7999 112
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