Purple Beverage Appoints New CEO
05 Maio 2009 - 9:30AM
PR Newswire (US)
Purple(TM) Brand to be Reshaped for the Future FORT LAUDERDALE,
Fla., May 5 /PRNewswire-FirstCall/ -- Purple Beverage Company, Inc.
(Pink Sheets: PPBV), today announced that it has appointed a new
CEO to move the company forward. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090408/NY96077LOGO ) Geoffrey
Winters will take over the helm as the CEO and Chairman of the
Board of Directors of Purple Beverage Company, Inc. Mr. Winters
brings to the Company a diverse Wall Street background that gives
him the ability to navigate Purple through the waters ahead.
Additionally, he brings a strong investment banking background to
the Company as well as CEO experience, having run private
companies. Purple founder Ted Farnsworth, who will be stepping down
as the Company's CEO and Chairman, said, "After going through a
very difficult time over the last several months, we are now
re-energized. This is a positive move for the Company, the brand,
and the shareholders. We feel Geoff is the perfect fit to take
Purple to the next level." Winters has received many career awards,
with over thirty recognitions for structuring and placing both
private and public offerings. He was Managing Director of Lehman
Brothers Brokerage & Investment Banking in New York where he
structured over $2 billion in private and public offerings. He also
served as Managing Director for the New York firms of Paine Webber
Equity & Investment Banking and Gruntal & Co. Equity &
Investment Banking. "I believe Purple was just one more victim of
the current financial environment, but now the company will
position itself for the future," said Winters. "I think the brand
has great value and I look forward to the challenge. We will be
looking at various options for the company including joint ventures
and acquisitions." Introduced in late 2007, Purple is a unique and
tasty blend of seven antioxidant-rich fruits, including the exotic
acai berry, black cherry, pomegranate, black currant, purple plum,
cranberry and blueberry. The health benefits of these fruits are
blended into an all-natural, no-sugar added beverage that is
perfect as an on-the-go drink, as part of a healthy fruit smoothie
or as a mixer for cocktails. Purple has been featured in such
high-profile publications as Health Magazine and Family Circle and
has appeared on ABC-TV's "The View." Purple can be found at fine
retailers. For more information, visit http://www.drinkpurple.com/.
Cautionary Statement Regarding Forward-Looking Statements
Information provided by Purple Beverage Company, Inc., such as
online or printed documents, publications or information available
via Purple Beverage Company's website, contains forward-looking
statements that involve risks, uncertainties, assumptions and other
factors, which, if they do not materialize or prove correct, could
cause Purple Beverage Company's results to differ materially from
historical results, or those expressed or implied by such
forward-looking statements. All statements, other than statements
of historical fact, are statements that could be deemed
forward-looking statements, including statements containing the
words "planned," "expects," "believes," "strategy," "opportunity,"
"anticipates," and similar words. These statements may include,
among others, plans, strategies and objectives of management for
future operations; any statements regarding proposed new products,
services or developments; any statements regarding future economic
conditions or performance; statements of belief; and any statements
of assumptions underlying any of the foregoing.
http://www.newscom.com/cgi-bin/prnh/20090408/NY96077LOGODATASOURCE:
Purple Beverage Company, Inc. CONTACT: Purple Beverage Company,
+1-954-462-8382 Extension 202 Web Site: http://www.drinkpurple.com/
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