Wednesday, September 03, 2008 9:05:11 PM
More acquisitions = NUBV portfolio building nicely - possibility of spinoff dividend stock looking ahead IMO
Spin off of inka grill? sell Nutripure like vitamin water and various others that got bought up out there?
sept 3, 2008 9:00:00 AM
Copyright Business Wire 2008
NutriPure Beverages, Inc. (Pink Sheets: NUBV) has signed a letter of intent to acquire controlling interest of Jayger International, Ltd. Under the terms of the agreement, Jayger will become a subsidiary of NutriPure and management of both companies will remain intact. This announcement comes on the heels of NutriPure's recent acquisitions of wholly-owned subsidiaries XND Technologies, Inc. and Inka Grill Franchising Systems.
Jayger International is an import/export company recently organized by two 30+ year veterans of the industry with strong relationships in Asia, especially Japan, South Korea, Taiwan, Okinawa and Thailand. Jayger is a fully functional trading company that handles and arranges all aspects of import/export including product development and sourcing, quality control, packaging and labeling, shipping and receiving, customs and regulation, and warehousing/distribution.
NutriPure's CEO Kenyatto Jones commented, "Jayger International is an ideal fit for NutriPure, giving us international reach and providing a strong gateway to Japan, both for Jayger's own portfolio of products and for those being developed by XND and Inka Grill. Jayger already has strong relationships and agreements in place and is poised to initiate operations very quickly."
ABOUT NUTRIPURE BEVERAGES, INC.
NutriPure Beverages, Inc. is focused on growth and diversification in the healthy food / healthy water industries. NutriPure owns two wholly-owned subsidiaries that operate independently and synergistically: XND Technologies, Inc., which is developing a line of nutrient-enhanced bottled water products using a revolutionary patented cold-filling process that enables the adding of organic nutrients while retaining the appearance and taste of pure water; and Inka Grill Franchise Systems, which is franchising a highly successful Peruvian restaurant concept in partnership with franchising leader Francorp, Inc. NutriPure has also signed an LOI to acquire controlling interest in Jayger International, Ltd., an import/export company with strong ties and long-term relationships in Asian markets.
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.
http://www.alphatrade.com/news/stories/AM/2008-09-03/BIZ/200809030900BIZWIRE_USPR_____BW5510.html
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