MEDLEY, Fla., Dec. 16 /PRNewswire-FirstCall/ -- Blue Gem Enterprise (OTC Bulletin Board: BGEM) is an emerging beverage distribution company headquartered in South Florida and serves the area from Southern Georgia through the Florida Keys, including major chains, independent stores, hospitals, gyms, hotels and other retailers, announced today that Grass Roots Research and Distribution, Inc., a Wall Street leading independent research firm, has initiated unsolicited coverage on Blue Gem Enterprise with a "BUY" recommendation and a $1.01 per share Long-Term Target Price. Grass Roots provides an in-depth analysis, including 5-year financial and valuation projections, on Blue Gem Enterprise business and growth drivers. The research report and "Buy" recommendation on Blue Gem Enterprise can be found at: http://www.grassrootsrd.com/Reports/title_beverage_distribution_company.pdf

About Grass Roots Research and Distribution, Inc. (GRRD) (www.grassrootsrd.com). GRRD has raised the art of fundamental securities research by forecasting and valuing all of its companies in three cases over a 5-year time period. GRRD's independent third party stock research business selectively initiates Independent Research Analyst Coverage for overlooked public corporations. GRRD identifies and initiates non-traditional company research. GRRD selects micro cap stocks and small cap stocks with management teams focused on shareholder value, sustainable competitive advantage, and companies that demonstrate market leadership in their respective disciplines. GRRD distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation.

About Blue Gem Enterprise (www.bluegementerprise.com). Blue Gem Enterprise is a public company trading on the Over the Counter Bulletin Board Market ("OTCBB") under the symbol BGEM, headquartered in Medley, FL. The Company's mission is to become one of the leading distributors of non alcoholic beverages and foods in the State of Florida.

Safe Harbor

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Blue Gem Enterprise, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such, forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and Blue Gem Enterprise does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SOURCE Blu Gem Enterprise

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