NutriPure Beverages, Inc. Submits Formal Offer to Acquire Sun West Bottlers
NEWPORT BEACH, CA, Sep 30, 2010 (MARKETWIRE via COMTEX) -- NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that it has submitted a firm offer to acquire 100% of the business assets of Sun West Bottlers, a privately-owned Arizona-based bottled water manufacturer that specializes in "custom" ultra purified water. The all-cash offer includes all equipment, furniture and fixtures, intellectual property, the company name and logos, and current inventory and revenues. This transaction is separate from and in addition to the continued due diligence that NutriPure is conducting regarding a potential second bottling plant acquisition on the East Coast.
Sun West Bottlers, located at 2121 W. Willetta St., Phoenix, Arizona, is situated very near to the corporate office of NutriPure's wholly-owned subsidiary XND Technologies, Inc., and has sufficient expandable capacity to service large portions of the Western U.S. Photos and video of the facilities and equipment are available now at www.sunwestbottlers.com.
Upon completion of the acquisition, NutriPure will assume control of the business and Sun West's current management team will remain in place to assist with the transition. NutriPure has already set up a transition team headed by Steve Nickolas, CEO of NutriPure's wholly-owned subsidiary XND Technologies, to begin drafting expansion plans.
Sun West currently manufactures ultra purified custom labeled water products for hundreds of businesses in the Southwest. NutriPure intends to immediately begin expanding distribution of these products and simultaneously to begin installing its specialization equipment for its own Nu2O bottled water line.
NutriPure CEO Kenyatto Jones commented, "We have conducted an extensive search of potential bottling plant acquisitions for some time now and have been actively pursuing this specific acquisition for the past three months. We believe that Sun West is a perfect choice for our purposes, providing both an immediate income stream from a readily expandable product line that is compatible with our overall mission and a great location from which to launch our Nu2O product line."
Mr. Nickolas added, "We are excited about this announcement. The ideal location of the Sun West facilities very near the XND Scottsdale headquarters would expedite an easy transition and allow us to move ahead much more quickly with the manufacture and release of our Nu2O products."
ABOUT NUTRIPURE BEVERAGES, INC. NutriPure Beverages, Inc. is bringing to market a complete line of nutrient-enhanced bottled water products using a patented process that 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 no flavors other than pure water. The process is further enhanced using desirable "cold-fill" techniques that save energy and reduce harmful, "plastic chemical leaching" into the product. The company intends to market a full line of nutrient-enhanced water products under the Nu2O label, which will compete with currently available products. 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.
Contact:
Kenyatto Jones
CEO
(949) 400-5963 begin_of_the_skype_highlighting (949) 400-5963 end_of_the_skype_highlighting
SOURCE: NutriPure Beverages, Inc.
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SUBJECT CODE: Food and Beverage:Beverages
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