This is the first one in 2009. there are similar quotes from the CEO for every year after about the buy back. I am just not going to post them all. One can google: bebevco share buy back 2010 2011,2012.
MOORESVILLE, NC, Dec. 17, 2009 (Marketwire) --
MOORESVILLE, NC -- (Marketwire) -- 12/17/09 -- Today BeBevCo (Bebida Beverage Company) (PINKSHEETS: BBDA) has announced that in early January it will release the existing gag on the transfer agent that handles the distribution of BeBevCo shares. In an effort to be more transparent to shareholders, this will provide them the ability to see day-to-day where BeBevCo is. Upon doing this there is no immediate plan to install a share cap on the company shares or a reverse split.
"Because there are so many deals in the works currently around the country and internationally, we feel it is essential to keep the share structure as fluid as we can at this time. The sole purpose for this is that it is not inconceivable that during January and February our sales and distribution could grow exponentially, when that happens there will be a situation where raising capital to meet product demands and brand building support is critical to increase overall sales numbers. When the end of Q-1 draws near and the revenues are received, BeBevCo will then start an equal to or greater stock buyback and retire shares," said CEO Brian Weber. "It is absolutely not our intention to run our share structure to the abyss and do a reverse split. However because of the quantity of authorized shares that existed prior to our takeover of BeBevCo, it has created a fine line to balance in moving this company forward. Therefore we will absolutely not handcuff this company and all the efforts of its dedicated staff and management to become the leaders in the Relaxation beverage Category."
Since the introduction of Koma Unwind "Chillaxation Drink (TM)" the interest has increased daily, we have sent hundreds of distributors samples throughout the USA and internationally. We now have 3 international brokers signed to contracts to add to our current and expanding sales team here in the USA.
BeBevCo (Bebida Beverages Company) is the maker and developer of several beverages including: Piranha Water, Guppy Water, Koma Unwind (Relaxation Beverage) and Koma 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
Source: Marketwired (December 17, 2009 - 9:00 AM EST)
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