STATESVILLE, N.C., June 18, 2012 /PRNewswire/ -- Bebida Beverage Company (OTC markets: BBDA) (BeBevCo), a developer, manufacturer and marketer of liquid relaxation products, announced today that CEO Brian Weber issued the following comments regarding the end of capitalization in the marketplace:
"We have worked on obtaining private investors to fund our Company's growth for the foreseeable future. To that end, we have now obtained a funding commitment of up to $4 million to facilitate the rapid growth of our KOMA UNWIND relaxation drink," said Brian Weber, CEO of Bebida Beverage Company.
"So, between this private financing, increasing revenues and profits at the organic level, we feel it is time to end marketplace capitalization through the sales of stock into the marketplace. Additionally, by the end of this year and into next year, we will begin to systematically buy back the stock in the marketplace and substantially reduce the amount of stock outstanding," Weber continued.
"Those long term and loyal investors that have been through the entire process with us deserve the increasing value of the stock that our growth as well as our buyback program will deliver. Nothing about this process over the last couple of years has been easy; but we stayed the course and our time has now come," Weber concluded.
BeBevCo (Bebida Beverage Company) develops, manufactures and markets liquid relaxation products including KOMA Unwind "Liquid Relaxation" (TM), KOMA Unwind Sugar-free "Liquid Relaxation" (TM) and KOMA Unwind "Liquid Relaxation" Shot(TM) as well as Potencia Energy, Potencia "BLAST" energy shot, Relax 5 shots and Piranha Water.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
CONTACT: Bebida Beverage Company, +1-704-660-0226 extension 5, Investorrelations@bebevco.com
SOURCE Bebida Beverage Company