Blue Gold Beverages, Inc. (BGBV 0.04, -0.0050, -11.11%) executed a Letter of Intent to acquire 100% of the assets of EPIC Nutrition Canada's sales division. The company is based in Ontario Canada and is a specialty food and beverage distributor with exclusive marketing rights for the Canadian market for all product lines developed by Epic Nutrition USA as well as the exclusive licensee for PitBull Energy bars and Torino Lamborghini Energy Drinks. Both parties are now in the final stages of the due diligence period.
Mr. Daniel Solomita, President and CEO of Blue Gold Beverages, Inc. stated "The distribution agreements possessed by Epic Nutrition Canada are in line with Blue Gold Beverages strategy to grow revenue and shareholder value. Epic Nutrition Canada's strong management and close working relationship with Epic Nutrition USA will be a great asset to Blue Gold Beverages team."
ABOUT THE COMPANY: Blue Gold Beverages, Inc. is a leading high-end producer of private label water and specialty beverages in North America. Some of our products include all natural sodas, teas, non-alcoholic wine coolers and energy drinks. Blue Gold Beverages head office situated in Montreal, Quebec, Canada, we use 3rd party bottling plants strategically located across North America depending on the geographical location of our clients. With the recent acquisition of TY Recycling, Blue Gold Beverages has entered into the polymer Recycling business, selling PET and Nylon waste. This is in-line with the company's strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value.