دورة المؤشرنت للتحليل الفني
50 دينار كويتي
Brvo
- بادئ الموضوع ابو رغوده
- تاريخ البدء
انا اشتريته1.08 حسن شرايك انت ورحال والاخوان
وخبر
Bravo! Foods and Coca-Cola Enterprises Sign Letter of Intent
Thursday August 4, 12:21 pm ET
-Parties Move Forward with Negotiations for Master Distribution Agreement and Direct Purchase of Additional Shares-
NORTH PALM BEACH, Fla., Aug. 4 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News), a brand development and marketing company that manufactures, promotes and distributes vitamin- fortified, flavored milks, announced today that it has signed a letter of intent to negotiate a master distribution agreement and a direct purchase stock agreement with Coca-Cola Enterprises.
ADVERTISEMENT
The Letter of Intent with Coca-Cola Enterprises, Inc. (CCE) confirmed both parties' intention to move forward with further negotiations for the execution of a Master Distribution Agreement between the Company and Coca-Cola Enterprises, and for continued negotiations to enter into a stock purchase agreement pursuant to which Coca-Cola Enterprises would purchase from the Company approximately 81,030,000 million shares of the Company's common stock for $0.16245 per share.
Bravo! CEO Roy Warren said, "A distribution and purchase agreement with one of the largest distributors in the country is a giant leap forward for Bravo! as we continue our momentum in retail outlets across the county and abroad. We look forward to a mutually beneficial relationship with CCE and substantial growth of Slammers® worldwide as a result."
The Master Distribution Agreement with CCE would grant exclusive distribution rights to Coca-Cola Enterprises throughout North America and other territories in which CCE is licensed to bottle products of The Coca-Cola Company, for all existing and future Bravo! Foods products during the term of the Distribution Agreement.
The Letter of Intent also confirmed that, with the direct purchase of common stock from the Company by Coca-Cola Enterprises, together with shares of common stock purchasable upon the exercise of Options to acquire a total of 68,990,244 shares of the Company's common stock purchased by Coca-Cola at $0.36 per share from nine different non-affiliated investors, Coca-Cola Enterprises will hold slightly in excess of 50% of the Company's equity on a fully diluted basis. If consummated, the controlling interest would be purchased by Coca- Cola Enterprises for an average price per share of approximately $0.25.
About Bravo! Foods
Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News) develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 states, Mexico and the Middle East. The Company's popular dairy products are available in the United States and internationally through production agreements with regional milk processors. Bravo! drinks are currently available under the brand name Slammers®, and can be purchased in retail outlets throughout the country and in some international markets.
Many of Bravo! Foods' Slammers® line of fortified, single-serve flavored milk drinks are co-branded through exclusive partnerships with Mars Incorporated(TM), Marvel Enterprises(TM) and MD Enterprises(TM) (Moon Pie®), providing superior name recognition packaged with quality, great tasting drinks.
Slammers® are now available at more than 30,000 stores nationwide, including such popular chains as: 7-Eleven, A&P, Associated Grocers, BI LO, Brunos, C/S Metro, Dutch Farms, Giant Food Stores, Jewel, Mars, Pathmark, Piggly Wiggly, Ralph's, Safeway, Sam's Club, Shaw's, Shop Rite, Speedway, SuperTarget, Unified, Waldbaums, Walgreens and White Rose.
For more information, visit: http://www.bravobrands.com or http://www.otcfn.com/brvo .
Contact: Roy Warren, CEO Bravo! Foods, 561-625-1411 or James Dryer, Investor Relations, 561-837-8057 or jamie@otcfn.com .
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
Bravo! Foods and Coca-Cola Enterprises Sign Letter of Intent
Thursday August 4, 12:21 pm ET
-Parties Move Forward with Negotiations for Master Distribution Agreement and Direct Purchase of Additional Shares-
NORTH PALM BEACH, Fla., Aug. 4 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News), a brand development and marketing company that manufactures, promotes and distributes vitamin- fortified, flavored milks, announced today that it has signed a letter of intent to negotiate a master distribution agreement and a direct purchase stock agreement with Coca-Cola Enterprises.
ADVERTISEMENT
The Letter of Intent with Coca-Cola Enterprises, Inc. (CCE) confirmed both parties' intention to move forward with further negotiations for the execution of a Master Distribution Agreement between the Company and Coca-Cola Enterprises, and for continued negotiations to enter into a stock purchase agreement pursuant to which Coca-Cola Enterprises would purchase from the Company approximately 81,030,000 million shares of the Company's common stock for $0.16245 per share.
Bravo! CEO Roy Warren said, "A distribution and purchase agreement with one of the largest distributors in the country is a giant leap forward for Bravo! as we continue our momentum in retail outlets across the county and abroad. We look forward to a mutually beneficial relationship with CCE and substantial growth of Slammers® worldwide as a result."
The Master Distribution Agreement with CCE would grant exclusive distribution rights to Coca-Cola Enterprises throughout North America and other territories in which CCE is licensed to bottle products of The Coca-Cola Company, for all existing and future Bravo! Foods products during the term of the Distribution Agreement.
The Letter of Intent also confirmed that, with the direct purchase of common stock from the Company by Coca-Cola Enterprises, together with shares of common stock purchasable upon the exercise of Options to acquire a total of 68,990,244 shares of the Company's common stock purchased by Coca-Cola at $0.36 per share from nine different non-affiliated investors, Coca-Cola Enterprises will hold slightly in excess of 50% of the Company's equity on a fully diluted basis. If consummated, the controlling interest would be purchased by Coca- Cola Enterprises for an average price per share of approximately $0.25.
About Bravo! Foods
Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News) develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 states, Mexico and the Middle East. The Company's popular dairy products are available in the United States and internationally through production agreements with regional milk processors. Bravo! drinks are currently available under the brand name Slammers®, and can be purchased in retail outlets throughout the country and in some international markets.
Many of Bravo! Foods' Slammers® line of fortified, single-serve flavored milk drinks are co-branded through exclusive partnerships with Mars Incorporated(TM), Marvel Enterprises(TM) and MD Enterprises(TM) (Moon Pie®), providing superior name recognition packaged with quality, great tasting drinks.
Slammers® are now available at more than 30,000 stores nationwide, including such popular chains as: 7-Eleven, A&P, Associated Grocers, BI LO, Brunos, C/S Metro, Dutch Farms, Giant Food Stores, Jewel, Mars, Pathmark, Piggly Wiggly, Ralph's, Safeway, Sam's Club, Shaw's, Shop Rite, Speedway, SuperTarget, Unified, Waldbaums, Walgreens and White Rose.
For more information, visit: http://www.bravobrands.com or http://www.otcfn.com/brvo .
Contact: Roy Warren, CEO Bravo! Foods, 561-625-1411 or James Dryer, Investor Relations, 561-837-8057 or jamie@otcfn.com .
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
دورة المؤشرنت للتحليل الفني
50 دينار كويتي