BBDA News out...
19/01/2010 8:09:00 AM - News Release
MOORESVILLE, NC -- (MARKET WIRE) -- 01/19/10
(PINKSHEETS: BBDA) BeBevCo has announced today that after recent meetings with current and future distributors of BeBevCo's newest product KOMA UNWIND "Chillaxation Drink (TM), as well as our accounting and banking partners, the decision has been made to set the share cap at 9.5 billion shares. This cap will accomplish several things at once. It will tell the shareholders that we stand behind our investors not to have an unlimited share mentality as being a cash printing press. It also sends a clear signal to our distribution partners, sales and marketing team, and consumers that we mean business when we say we want to be bar setters in this new category in the beverage world and expect sales in the tens of millions in 2010-2011.
"Unfortunately when we took over BBDA it was like buying a car with 500 thousand miles on it. BBDA had over 5.6 billion shares already issued and a litigation that still needed to be renegotiated and settled," said CEO Brian Weber. "Trying to avoid reverse splits by any means possible and staying true to our goals of category dominance over the next 6 months is our primary focus, as the receivables increase we will start a systematic share buyback as the months go on," added Brian Weber.
"Our investment in manpower and cash from our companies Potencia USA & DLR Associates have been unwavering since our take over of BBDA last April, this will allow all of us the reassurance that we are on target for great things to come in 2010 and beyond," added COO Daisy Ramirez.
BeBevCo (Bebida Beverages Company) develops, manufactures and markets several beverages including: Piranha Water, Guppy Water, Koma Unwind & Koma Unwind Sugar-free Chillaxation Drink (TM) and "Koma Chillaxation Shot(TM)"Shot. Potencia Energy Drink and Potencia BLAST energy Shot.
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.
IR Contact:
Chris Hoffmann
C. Hoffmann Communications, Inc.
(714) 594-7357
choffmannjr@gmail.com
www.BebidaBeverages.net
AI
