Long Island Iced Tea Corp (fka LTEA)

[DaReal]

Merger on the Way?

From the 8K:

On April 1, 2014, Cullen Agricultural Holding Corp. (“Cullen”) agreed to provide a loan in the amount of $300,000 to an operating company (the “Borrower”) with which Cullen has been engaged in discussions regarding a potential acquisition. The loan shall be evidenced by a promissory note issued from the Borrower to Cullen, bearing an interest rate of 6% per annum and maturing on August 31, 2014. The loan is on the same terms as the loans made by Cullen to the same Borrower in November and December 2013. Accordingly, an aggregate of $1,500,000 is owed by the Borrower to Cullen. The loans provide that all principal and interest outstanding shall be applied to the purchase price in any transaction between Cullen and the Borrower.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9903226

From the 10K

Exhibit 10.4
FOR VALUE RECEIVED, LONG ISLAND BRAND BEVERAGES LLC, a New York limited liability company (“ Maker ”), having an address at P.O. Box 845, Long Beach, New York 11561, hereby promises to pay to the order of Cullen Agricultural Holding Corp., having an address at 1193 Seven Oaks Rd. Waynesboro, GA 30830, its successors and/or assigns (any of which is hereinafter referred to as “Holder”), the sum of Six Hundred Thousand Dollars and No Cents ($600,000.00), together with interest to the extent and at the rate specified herein from and after the date hereof.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9887121


Long Island Brand Beverages LLC launched Long Island Iced Tea in five flavors: Lemon, Peach, Green Tea, Diet Lemon and Diet Peach. The beverages are all-natural and do not include artificial preservatives, colors and flavors. Although the brand name might remind consumers of the alcohol beverage, Long Island Brand Beverages’ iced teas do not contain alcohol, the company says. A bottle has a suggested retail price of $1.50 to $1.99.
http://www.bevindustry.com/articles/84918-long-island-iced-tea

http://www.longislandicedtea.com/