Blue Gold Beverages, Inc. has signed a definitive agreement to acquire 100 percent of the shares of Epic Nutrition, Inc. a manufacturer and distributor of their own proprietary brands Quick NRG Energy Shot™, Goodnight™ (sleep and relaxation supplement), NRG Pro-N-Go™ (protein energy shot) and COLDsense™ natural cold and flu remedy.
"The addition of Epic Nutrition, Inc. as a wholly owned subsidiary of Blue Gold Beverages, Inc. provides us with a solid marketing platform from which to grow our specialty beverage business in North America" commented Larry Latowsky, the recently appointed chairman of the board of Blue Gold Beverages, Inc. in a prepared statement "Epic Nutrition, Inc. is a company I know very well and has developed several new proprietary products that we intend to also market through the Canadian distribution channels already acquired by Blue Gold Beverages from Epic Canada.
With the introduction of these new products, and through a new sales agreement with major U.S. broker, combined with our new distribution agreement for PitBull Energy Bars we anticipate revenues to reach in excess of $20 million by the end of 2012."
"Epic Nutrition and its related products are companies that are poised for dramatic growth with outstanding management" said Daniel Solomita, president and CEO of Blue Gold Beverages, Inc. “The NRG brand has been very well received by retailers and the newly developed Goodnight, a sleep and relaxation supplement, COLDsense™ natural cold and flu remedy and NRG Pro-N-Go protein infused energy shot will be the foundation of our future success. These new products will be marketed in 2011 in the United States by one of the leading distributors in this category".
Solomita further stated, "The acquisition of Epic Nutrition Inc. and the beverage sales division of Epic Canada provides a platform for growth in the specialty beverage sector and we expect to dramatically increase sales as a result of the introduction of our new products as well as the finalization of an exclusive distribution agreement with one of the country's foremost retail distribution companies".
