NUBV News NutriPure Beverages, Inc. Signs Letter of Intent t...
Wednesday, July 2, 2008 9:01 AM
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News for 'NUBV' - (NutriPure Beverages, Inc. Signs Letter of Intent to Acquire 100% of XND Technologies, Inc.)
NEWPORT BEACH, Calif., Jul 02, 2008 (BUSINESS WIRE) -- NutriPure Beverages,
Inc. (Pink Sheets:NUBV) announced today that it has signed a Letter of Intent
with XND Technologies, Inc. setting forth the parameters under which NutriPure
will acquire 100% of the stock of XND and XND will become a wholly-owned
subsidiary of NutriPure. The final agreement is expected to be announced
shortly. Under the terms of the proposed agreement, management of both companies
will remain intact and Steve Nickolas will remain as Chairman and CEO of the XND
subsidiary. NutriPure's CEO Ken Jones commented, "We are very pleased to
announce that we are in the final stages of completing the restructuring of our
relationship with XND Technologies, Inc. All parties believe that this is a
vastly superior arrangement that will allow us to quickly move forward with the
planned rollout of our Nu(2)O product line while simultaneously pursuing
additional opportunities and income streams. XND will continue to focus its
efforts on formulating, developing and bringing to market scientifically cutting
edge enhanced beverages while NutriPure's management team focuses on funding and
supporting XND's efforts, securing additional markets for XND's products, and
expanding the company's product lines into additional related areas."
ABOUT NUTRIPURE BEVERAGES, INC.
NutriPure Beverages, Inc. (Pink Sheets:NUBV) is bringing to market a complete
line of nutrient-enhanced bottled water products under the NU(2)O label. These
products are created using a patented technology that is more efficient and less
costly than any other currently in use. This unique process adds organic
nutrients to water without adding masking flavors, colors or sweeteners,
yielding premium enhanced water products that contain no calories, no
carbohydrates, no colors and most importantly, no flavors other than pure water.
The process is further enhanced using desirable "cold-fill" techniques, which
save energy and reduce harmful, "plastic chemical leaching" into the product.
The company intends to market a full line of Nu(2)O nutrient-enhanced water
products which will compete with currently available products. Nu(2)O products
will include those that provide vitamin support for general health, a diet
formulation for weight watchers, an immune booster, an energy and fitness drink,
and additional products to be announced later. NutriPure is also seeking
additional acquisitions and ventures in the "healthy water/healthy" food
industry.
For more information visit www.nutripurebeverages.com
Safe Harbor Statement: This release contains forward-looking statements with
respect to the results of operations and business of NutriPure Beverages, Inc.,
which involves risks and uncertainties. The Company's actual future results
could materially differ from those discussed. The Company intends that such
statements about the Company's future expectations, including future revenues
and earnings, and all other forward looking statements be subject to the "Safe
Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: NutriPure Beverages, Inc.
CONTACT: NutriPure Beverages, Inc.Ken Jones, CEO, 866-202-5256
Copyright Business Wire 2008
-0-
KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Retail
Food/Beverage
Specialty
Other Retail
SUBJECT CODE: Merger/Acquisition
Source: Comtext Market News
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