I-TAP is the premier developer and leader of electronic draft beer dispensing systems to the facility management, hospitality and food service industries. The I-TAP dispenser is designed to serve millions of people annually at thousands of locations and is positioned to replace all manual beer valves. Focusing on high volume dispensing at stadiums and arenas, I-TAP achieves 98% keg yield with its proprietary “perfect pour” hands free dispenser which delivers pre-set portion-controlled cups, while eliminating pilferage and reducing waste. I-TAP dispensers reside on the I-TAP network which uses sensors to monitor the dispensers as well as kegs, coolers, CO2 and glycol. In addition to providing real-time sales reporting by individual dispenser, the I-TAP network provides real-time reports on temperatures, keg levels and other key data.
Target Markets: Concession operations for stadiums and arena facilities (global market of 7,000 venues), restaurants/bars (U.S. market in excess of 1 million establishments), hotel/resorts (U.S. market has more than 50,000 locations), raceways/tracks and anywhere draft beer is sold.
Competitive Edge: Inventor/developer of the only successfully marketed electronic beer dispenser in the past 20 years. I-TAP achieves 98% keg yield. The current average keg yield at stadiums and arenas is only 70%. Thus, with its 98% keg yield, the I-TAP dispensing system has the ability to provide more than a $1 million boost to our client’s bottom line for draft beer sales per facility on an annual basis by reducing the waste and identifying/eliminating the pilferage that has plagued the industry since its inception.
Market Knowledge: Developer of the Taps and Taps 2000 with high profile installations in facilities such as the United Center in Chicago, Kiel Center in St. Louis (using first POP interface), Georgia Dome for the Olympics/Atlanta Falcons, Veterans Stadium for the Philadelphia Phillies and Walt Disney World in Orlando.
Financial Profile: Low overhead, high profit margin and global expansion opportunities.
Watch The Perfect Pour Demonstration
CEO, John Osborne, Discusses I-TAP’s Market Potential and Plans for Growth
iTap Perfect Pour Demonstration
RedChip Global Online CEO Conference Video Q&A
Anheuser-Busch InBev Budweiser to Begin Testing the I-TAP
SOUTHFIELD, MI–(Marketwired – Oct 6, 2014) – Halberd Corporation (PINKSHEETS: HALB) subsidiary I-TAP, Inc. announced that Anheuser-Busch InBev has scheduled a test of the I-TAP beer dispensing system at their research and development draught room in St. Louis.
Anheuser-Busch InBev is the leading global brewer of the world’s top five consumer products and has a portfolio of well over 200 beer brands, including Budweiser. Anheuser- Busch InBev does more $43 billion dollars in revenue a year and has approximately 155,000 employees based in 25 countries.
“Discussions with Anheuser-Busch InBev have included the possible implementation of I-TAP for data collection to be used as a sales tool to secure additional customers, manage inventory control for their customers and enhance marketing efforts,” said John Osborne, Founder and President of I-TAP, Inc. “In the beer business, it doesn’t’t get any bigger than Budweiser and this is a tremendous opportunity for I-TAP; we look forward to the opportunity to further develop our relationship with this industry leader.”
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
Other recent I-Tap news releases:
I-TAP completes the sale of the I-TAP beer dispensing system to Delaware North for installation at TD Garden, home of the Boston Celtics and Boston Bruins.
Delaware North is a hospitality management company with more than $2 billion in annual revenue and is one of the most admired hospitality companies in the world with expertise in food service, hospitality management, lodging, travel hospitality, retail, sports facilities management, gaming and racetrack operations.
I-TAP commences installation of the I-TAP beer dispensing system for Legends at BB&T Ballpark in Winston-Salem, North Carolina.
Legends operates across four verticals of business – North America Professional, College, International and Attractions and was recently named the Best in Property Consulting, Sales and Client Services by Sports Business Journal.
Legends list of partners include some of the most iconic global brands including the New York Yankees, Dallas Cowboys, Manchester City FC, San Francisco 49ers and the Rose Bowl.
Great White Shark Opportunity Fund
On July 25, 2013, the Company executed a “Financing Conditional Commitment Letter” with Greg Norman’s Great White Shark Opportunity Fund (GWSOF) providing a conditional commitment to provide financing for the Company upon terms and subject to conditions of senior secured loan documents. The facility enables the Company to utilize:
- A revolving credit facility for a maximum of One Million Dollars ($1,000,000) and;
- A facility to cover capital requirements related to manufacturing and intsallation costs associated with the sale of I-TAP beer dispensing systems to the Company’s clients.
The conditional commitment of GWSOF hereunder is subject to the negotiation, execution and delivery of definitive documentation with respect to the financing facilities reasonably satisfactory in GWSOF’s sole discretion.
You need to be logged in to make purchases.