STATESVILLE, N.C., Jan. 8, 2015 /PRNewswire/ -- Bebida Beverage Company (OTC: BBDAD), (BeBevCo), a developer, manufacturer and marketer of relaxation and energy products updated the shareholders on an announcement made in December, whereas the company will push forward with is first stock dividend.
As a reward for their loyalty and patience, the CEO has approved a Stock Dividend that will pay all shareholders of record a 5% stock dividend. This dividend will issue each shareholder five (5) new Bebida Beverage Company shares for every 100 (shares) held.
"The process of our company's stock restructure that was completed just prior to the Holiday break is almost complete, as many of the brokers are now back with their shares converted and their customers (are) trading," stated BeBevCo CEO Brian Weber. "The process for the forward dividend split will begin directly following the removal of the 'D' from normal BBDA symbol, which should be in the coming weeks."
New share certificates will be mailed directly to all qualifying shareholders of record by the company's transfer agent within 30 days of the record date. The company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates.
Added Weber, "As we position to start our share buyback and entertain tremendous opportunities from within the industry, I thought it to be a fantastic way to say 'Thank You' and approve the first Stock dividend in our company's history."
The dividend common shares will be "restricted" as defined in the Securities Act of 1933. Rule 144 allows for the public resale of restricted securities, only if certain holding period and other conditions are satisfied. The start date for the holding period for the dividend shares shall be the record date of the FINRA approval.
Per FINRA requirements for market transparency, the company is required to provide notice to and receive acceptance from FINRA prior to the actual distribution of the dividend. Pending any unforeseen delays from FINRA, the company plans to have the aforementioned stock dividend paid and distributed within the next several weeks.
The payment of the dividend will not require an increase in the total number of authorized shares of common stock, nor is there a need for an exchange of certificates.
Shareholders, investors and potential new distributors are invited to be added to the corporate e-mail database for the future distribution of corporate press releases and industry updates by sending an e-mail to [email protected]
BeBevCo (Bebida Beverage Company) develops manufactures and markets liquid relaxation products including, KOMA Unwind® Liquid Relaxation®, KOMA Unwind® Sugar-free Liquid Relaxation®, and KOMA Unwind Liquid Relaxation Shots®, as well as POTENCIA Energy, POTENCIA BLAST Energy Shots and Relax 5 Shots.
KOMA Unwind® currently garnishes over 75 percent of brand awareness in the rapidly expanding relaxation drink category in the United States. Additionally, KOMA Unwind® has been featured in The Oprah Magazine, Bloomberg News, the Wall Street Journal, Women's Health and many other publications.
Contact: 704.660.0226 or [email protected].