GREAT NEWS! BeBevCo Buys Out Redwood Management Convertible Debenture)
STATESVILLE, N.C., Jan. 5, 2012 /PRNewswire via COMTEX/ -- Bebida Beverage
Company (OTCmarkets: BBDA) (BeBevCo) a developer, manufacturer and marketer of
relaxation and energy drinks announced today that it has reached an agreement
with Redwood Management LLC to retire convertible debt that had been purchased
by Redwood from Y A Global (Yorkville Advisors). This transaction is the final
chapter in eliminating the old convertible note.
This debt had plagued Bebida Beverage Co. since the company changed CEO's in
2009. Over six years old, the debt was re-negotiated by CEO Brian Weber in 2009
from $408,000 to $250,000 and is now reduced to zero. This is the second
pre-2009 Convertible Debenture that BebevCo's current CEO and team has
eliminated during 2011.
"This is a quantum moment for our Company. We have weathered this storm of
dilution to pay off old debts with a lump sum cash payment," said Brian Weber,
CEO of BeBevCo.
"Our stock will no longer be at the mercy of the issuance and sales of millions
of shares by debt holders. This is a clear message to shareholders that any new
share issuances for capitalization benefit the Company and go toward our Brands
and growth of the Company only.
"2012 will be a huge year for us and our shareholders. Between all the deals we
have completed in North and Central America and now with the expansion to Europe
we are on the cusp of a huge growth spurt that will continue into the
foreseeable future," Weber went on to say.
About BeBevCo
BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages
including relaxation drinks Koma Unwind "Chillaxation" Drink(TM), "Koma Unwind
Sugar-free Chillaxation" Drink(TM) and Koma Unwind "Chillaxation" Shot(TM) as
well as Potencia Energy Drink, Potencia "BLAST" energy shot and Piranha Water.
IR Contact: Wall Street Branding(704) 660-0226 ex
5Investorrelations@bebevco.comwww.BeBevCo.com www.Relaxfive.com
Safe Harbor Statement
Except for historic information contained in this release, the statements in
this news release are forward-looking statements that are made pursuant to the
Safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties,
which may cause a company's actual results in the future to differ materially
from forecasted results. These risks and uncertainties include, among other
things, the company's ability to attract qualified management, raise sufficient
capital to execute its business plan, and effectively compete against similar
companies.
SOURCE Bebida Beverage Company
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