Frank D'Angelo founder, CEO & President of Steelback Brewery and D'Angelo Brands announces a major financial move.



    TORONTO, Nov. 1 /CNW/ - Frank D'Angelo President, CEO, and founder of
Steelback Brewery and D'Angelo Brands is pleased to announce that he has sold
his majority interest in Steelback Brewery and D'Angelo Brands to his
financial partners for an undisclosed amount. Frank will remain on board as
chairman of the company as well as maintain a minority interest in the
business.
    Frank D'Angelo is also excited to announce that Columbia University
graduate Jonathon Sherman has taken over as President and COO of both
companies effective October 29, 2007. Frank in a statement said "the success
of the business can be directly attributed to the successful marketing of
Steelback Brewery. The result has been Steelback's ranking as one of the
fastest growing breweries in Ontario and subsequently Canada. With Jonathon
Sherman now at the helm the momentum we've created is sure to continue."

    About Steelback Brewery
    ------------------------
    Steelback Brewery is a privately-owned company based in Tiverton, Ontario
where it brews eleven distinct brands of premium quality beer, 4 of which were
Medal winners at the 2007 Ontario Brewing Awards. Steelback Brewery received
Gold Medals in the dark lager category for Tiverton Bear Dark Lager and for
Tiverton Bear Honey Brown and Silver and Bronze Medals in the lager category
for Steelback Red and Silver respectively. Included in Steelback Brewery's
selection of premium Canadian Beer is Copperhead Pilsner, Bruce Country Wild,
Steelback Thunder, Steelback Draught, Chain, Steelback Light and Tango. It is
the first brewery in Canada to use innovative packaging methods such as
shatterproof bottles and large format cans with full "body sleeve" labels.
Steelback is one of the fastest growing new breweries in Canada with
distribution in Ontario, Alberta, Manitoba, Nova Scotia, New Brunswick,
Newfoundland and soon in Quebec. For more information visit:
www.steelbackbrewery.com

    About D'Angelo Brands Ltd.
    ---------------------------
    D'Angelo Brands Ltd. is a private company committed to providing the
highest quality beverage and food products. Based out of Mississauga, Ontario,
D'Angelo Brands offers a wide variety of beverages including D'Angelo Apple
Juice, Cheetah Power Surge Caffeine Free Energy Drink, Pulp Fusion, Soul
Fruit, D'UH Premium Old Fashioned Sodas, as well as private label and
co-packaging services. For more information visit: www.dangelobrands.ca.





For further information:

For further information: Mike Cecere, D'Angelo Brands, Steelback
Brewery, Media Relations, (416) 245-6865 ext. 228, or mcecere@foxx.ca

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D'ANGELO BRANDS

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