Global Beverage Solutions to acquire 80 percent of Rudy Beverage
The acquisition reflects Global Beverage Solutions’ focus on the beverage industry.
14/11/05 Global Beverage Solutions, Inc. has announced that it has entered into a Letter of Intent with Rudy Beverage, Inc.
Global Beverage Solutions will acquire 80% of Rudy Beverage, Inc. in exchange for 16 million shares of its restricted common stock of which 6 million will be issued and delivered immediately, and the balance held as an "earn out."
Recently, Global Beverage Solutions has sharpened its focus in the beverage industry. The acquisition of Rudy Beverage, Inc. reflects this. The Rudy Beverage, Inc.'s flagship products are a line of beverages that are lower in sugar and have higher nutritional value than the leading competitors.
Rudy Ruettiger of TRISTAR movie fame ("Rudy" the movie told his life-story) is the founder of Rudy Beverage, Inc. Rudy is the former Notre Dame Football walk-on who still lives by the motto, "It all starts with a dream and it's always too soon to quit." Rudy Beverage, Inc. has developed a line of sports drinks that are lower in sugar and with more nutritional value than other leading brands of sports drinks. The Rudy beverages have superior hydrating qualities because they are mainly made with Eon's structured water.
As an investment company that has elected to be treated as a "business development company" (BDC) under the Investment Company Act of 1940, Global Beverage Solutions, Inc. is looking to invest in companies that are cash-flow positive or are likely to become cash-flow positive in the foreseeable future based on sound economic fundamentals. These entities will have the prospect for expansion as a result of access to capital and/or additional management acumen provided by Global Beverage Solutions, Inc. As part of this strategic process, the Company is looking for investment opportunities in all consumer product categories and/or services that have the potential for a positive return on investment, both in terms of current income and capital appreciation. The Company presently holds equity positions in EON Beverage Group, Inc., Titanium Design Studio, Inc. and Island Tribe, Inc.
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