High Performance Beverages Comp. (TBEV)

[Zitroja Group]

...GO TBEV

Purpose of the Amendment
 
The Company currently has no specific agreements or plans with respect to the additional authorized but unissued shares of Common Stock. The general purpose of the Increase of Authorized Common Stock is to enhance the Company’s ability to finance the development and operation of its business.
 
Potential uses of the additional authorized shares of Common Stock may include public or private offerings, conversions of convertible securities, issuance of options pursuant to employee benefit plans, acquisition transactions and other general corporate purposes. Increasing the authorized number of shares of the Common Stock will give the Company greater flexibility and will allow the Company to issue such shares, in most cases, without the expense or delay of seeking stockholder approval. The Company currently has no specific agreements with respect to the additional authorized but unissued shares of Common Stock. However, the Company may in the future issue shares of its Common Stock in connection with financing transactions and other corporate purposes which the Board of Directors believes will be in the best interest of the Company’s stockholders, including in connection with respect to agreements with athletes who endorse the Company’s products. Shares of Common Stock carry no pre-emptive rights to purchase additional shares.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11605060