Hat Trick Beverages (HKBV) Retires 524 Million and European Merger
As previously announced, these shares were allocated to acquire Palm Beach Specialty Coffee and distribution rights for Lamborghini Beverages for North America, which have now been abandoned.
17/10/08 Hat Trick Beverages is pleased to announce that it has completed the retirement of 524 million shares to treasury.
As previously announced, these shares were allocated to acquire Palm Beach Specialty Coffee and distribution rights for Lamborghini Beverages for North America, which have now been abandoned.
In other Company news, Hat Trick has received an unsolicited offer to be acquired by a European based publicly traded Company on the Frankfurt Germany exchange. They have expressed strong interest in the Company's portfolio of innovative beverages and vending machines, as well as the recently acquired manufacturing capabilities in Italy.
The Company is currently reviewing the proposal, and will be assessing the value of the offer over the next few days, before making any recommendations as to whether to proceed with the sale of these assets, or an outright merger with the prospective buyer.
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Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
