Science & Technology
Science and Technology
Science and Technology
Thu, January 29, 2009
Access Beverage, Inc. to Acquire 50% Stake in Belgium/Holland?s Vodka Leader
SANTA ANA, Calif.--([ BUSINESS WIRE ])--Access Beverage, Inc. (Pink Sheets: ABVI) today announced that it signed a Letter of Intent for the acquisition of a 50% stake of a leading European vodka company, Diamond Wodka. Diamond Wodka brands include: Diamond Wodka™ (the third best selling vodka in Holland and Belgium, and Diamond Red, the number one selling item in its category), along with its North American super premium counterpart products Simply RAW Vodka™ and Simply Cocktails™ which comes in two flavors: blood orange red and lime. Under the terms of the agreement, Access Beverage is expected to secure joint ownership of all brands, worldwide trademarks, intellectual properties, import/distribution rights, profits of the operation including delivery of other products produced by the Simply Vodka BVBA. Access Beverage has entered into the due diligence stage of the process. In addition, Access Beverage retains the exclusive license for all current and future Simply products produced in North America.
Commenting, Mr. James Moeller said, "We are extremely pleased that we have reached agreement in principle with Diamond Wodka. They are an emerging brand leader in Europe and have developed a unique diamond filtration process that produces an excellent, high quality, super premium positioned vodka line that continues to experience substantial growth in the European marketplace. I believe this is the right deal at the right time; particularly in the current economic climate, as historically the wine and spirit sector has achieved considerable growth during recession years. We are in the right business for growth and I am confident that our brand lines will see increased global distribution and revenues throughout 2009."
Access Beverage president, Ms. Diane Svehlak, added, "The outlook for our company is very strong. We have consistently delivered high quality wine and spirit brands to the consumer and will continue to do so. We look forward to concluding what I consider to be a significant acquisition for Access Beverage as we market and distribute our brand lines to existing and new markets worldwide."
Following the recent announcement of the formation of the Board of Advisors, it was confirmed that Access Beverage expects to announce key members of the board within the next week.
About Access Beverage, Inc.:
Founded in 2003, Access Beverage, Inc., ([ www.accessbeverage.com ]) is a publicly traded Nevada corporation, ticker ABVI.PK. The company's offices are located at Xerox Center, 1851 E 1st St, Suite 900, Santa Ana, CA 92705. Access Beverage Inc. engages in the manufacturing, marketing, and sale of wine and spirit brands, in the United States, with future brands planned for launch in China, Canada and Russia. Its brands include, Le Snoot™, Mardi Gras™ and Bees Knees™ wines, and Simply RAW Vodka™. The company distributes its products through wholesale distributors, as well as alcoholic beverage control agencies in the United States.
Access Beverage also offers private label wine & spirit programs that are fully turnkey. They assist with all aspects of the brand-creation process, including packaging/label design, regulatory (federal and state), freight and delivery (all states and overseas), all price points, imported and domestic, wine & sprits varietals and blends. It is anticipated that the Access Beverage brand portfolio will be sold internationally, through various retail establishments, including liquor stores, chain stores, and restaurants. Access Beverage, Inc., continually seeks to capitalize on its marketing infrastructure by developing new lines of wine and premium liquor products that it can sell to its developing and existing customer base. The Company is continually reinvesting into its business by increasing operating capacity through the acquisition of additional inventories.
SAFE HARBOR
All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "believe", "intend," "expect", "may", "could", "would", "will", "should", "plan", "project", "contemplate", "anticipate", or similar statements. Because these statements reflect Access Beverage current views concerning future events, these forward-looking statements are subject to risks and uncertainties. Access Beverage actual results could differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to, demand for its products and services, its ability to compete effectively, its ability to increase revenue from its products and services. Access Beverage undertakes no obligation to update publicly any forward-looking statements contained in this press release.
