Cuba Beverage Company Announces Financing and Distribution Agreements
08 Maio 2012 - 10:29AM
Marketwired
Cuba Beverage Company (PINKSHEETS: CUBV) today released the
following information with respect to recent events regarding its
operational activities including financing arrangements and new
distribution opportunities as well as recent Company filings.
Cuba Beverage Company is now in compliance with the OTC Markets'
Alternative Reporting Standards with the filing of its Company Information and Disclosure Statement on April
30, 2012 and is now listed as OTC Pink current information tier.
Cuba Beverage Company will comply with OTC reporting standards
required to maintain this status.
Cuba Beverage Company has also commenced raising capital through
an equity private placement. The Company hopes to raise $1 million
in equity capital through this placement and has already begun to
receive executed subscriptions; the offering is set to expire on
May 31, 2012. This new investment will allow the Company to
initiate the latest production run of its current product offering
and resume distribution through its established network of beverage
sales channels. These sales channels include Five Star Beverage of
Southern California, APSCO and the Army & Air Force Exchange
Service.
The Company has recently executed a distribution agreement with
Hom's Enterprise for distribution of its products in China. This
distributor has forecasted sales of an estimated 20,000 cases of
Cuba Beverage products in the Chinese mainland by the end of 2012.
Alex Procopio, Cuba Beverage's CEO, stated, "We are pleased to have
Hom's Enterprises representing the Company in China. Their strength
in that market coupled with strong distribution credentials bodes
well for substantial sales in that region of the world."
Cuba Beverage Company is also pleased to have recently retained
DesignIR (www.designIRfirm.com) to assist it
with marketing and interim financing. DesignIR has a proven track record of assisting
development stage companies with formulating their branding
message, while preparing and distributing marketing collateral to
attract potential investors to exciting growth orientated
opportunities. To date, DesignIR has provided
interim financial support while assisting in developing marketing
and distribution collateral for dissemination to potential
consumers.
About Cuba Beverage Company
Cuba Beverage Company is at the forefront of creating the unique
category for Herbal Energy Juices. Its primary product, CUBA Herbal
Energy Juice®, was developed with leading industry scientists to
create a healthy, natural alternative to conventional energy
drinks. Several countries have banned the energy drinks, which
contain a high dosage of stimulants, including taurine and other
artificial ingredients that can increase blood pressure and heart
rate, cause joint pain, depression and sleeplessness as well as
many other negative health effects. CUBA Herbal Energy Juice® is
rapidly setting a new industry standard with its all-natural
ingredients. BevNet, the beverage industry's leading source for
product reviews, stated, "CUBA is a superb tasting product. Unlike
other juice infused energy products, this one ("Cuba") has a low
level of sweetness and its boost is derived entirely from natural
sources as opposed to added caffeine... it is one of the more
innovative energy drinks we've seen in a while."
CUBA Herbal Energy Juice® is available in three unique flavors;
Pomegranate-Cranberry, Wild Berry and Passion Fruit-Orange. Cuba
Beverage's product represent a healthy all-natural energy drink,
and contains NO caffeine, NO taurine, NO High Fructose Corn Syrups
and/or Artificial Sugars, no preservatives, no artificial
ingredients and no bull!
The Market for Cuba Beverage Products
The "energy beverage" market is seeing explosive growth that is
predicted to top $17 Billion in sales in North America alone.
Energy drinks have become the fastest growing sector within the
beverage industry. Sales are expected to top Coke and Pepsi in the
next ten years. CUBA Herbal Energy Juice® is one of the first
all-natural energy products on the market and continues to be an
unparalleled leader in the health and wellness category.
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. Contacts:
Cuba Beverage Company Alex Procopio President 866-431-CUBA
(2822)
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