Bebida Beverage Company (BBDA)

[MOMO]

in addition to reducing the a/s...the company stated they are in the process of retiring a block of shares...could end up with a nice low floater here~

Bebida Beverage Company to Further Reduce Shares Authorized

Business Wire "US Press Releases "
LAS VEGAS --(BUSINESS WIRE)--

Bebida Beverage Company (Pink Sheets:BBDA) announced today that the company will reduce the common stock authorized to 1.4 billion shares.

The company is preparing the necessary paperwork to reduce the common stock authorized from 2 billion shares down to 1.4 billion shares. The paperwork is being processed for submission and filing to the state's offices.

The company anticipates that shareholders will appreciate today's announcement to further reduce the number of shares authorized. Management intends to on a go-forward basis continue to monitor and evaluate the perceived market value of the company's shares in order to formulate any additional corporate policies related to future share structure reductions and/or stock buy-back programs.

As of October 21, 2008 , the common stock outstanding for the company is 1,119,087,549 shares. As recently announced, the company is in the process of retiring a block of common stock, which will reduce the number of shares outstanding in an effort to increase shareholder value.

For more information on Bebida Beverage Company and Piranha Spring Water, please visit: http://www.bebidabeverages.com and http://www.piranhabeverages.com.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Source: Bebida Beverage Company