NutriPure Beverages, Inc. Submits Formal Offer to Acquire Sun West Bottlers
September 30 2010 - 7:30AM
Marketwired
NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that
it has submitted a firm offer to acquire 100% of the business
assets of Sun West Bottlers, a privately-owned Arizona-based
bottled water manufacturer that specializes in "custom" ultra
purified water. The all-cash offer includes all equipment,
furniture and fixtures, intellectual property, the company name and
logos, and current inventory and revenues. This transaction is
separate from and in addition to the continued due diligence that
NutriPure is conducting regarding a potential second bottling plant
acquisition on the East Coast.
Sun West Bottlers, located at 2121 W. Willetta St., Phoenix,
Arizona, is situated very near to the corporate office of
NutriPure's wholly-owned subsidiary XND Technologies, Inc., and has
sufficient expandable capacity to service large portions of the
Western U.S. Photos and video of the facilities and equipment are
available now at www.sunwestbottlers.com.
Upon completion of the acquisition, NutriPure will assume
control of the business and Sun West's current management team will
remain in place to assist with the transition. NutriPure has
already set up a transition team headed by Steve Nickolas, CEO of
NutriPure's wholly-owned subsidiary XND Technologies, to begin
drafting expansion plans.
Sun West currently manufactures ultra purified custom labeled
water products for hundreds of businesses in the Southwest.
NutriPure intends to immediately begin expanding distribution of
these products and simultaneously to begin installing its
specialization equipment for its own Nu2O bottled water line.
NutriPure CEO Kenyatto Jones commented, "We have conducted an
extensive search of potential bottling plant acquisitions for some
time now and have been actively pursuing this specific acquisition
for the past three months. We believe that Sun West is a perfect
choice for our purposes, providing both an immediate income stream
from a readily expandable product line that is compatible with our
overall mission and a great location from which to launch our Nu2O
product line."
Mr. Nickolas added, "We are excited about this announcement. The
ideal location of the Sun West facilities very near the XND
Scottsdale headquarters would expedite an easy transition and allow
us to move ahead much more quickly with the manufacture and release
of our Nu2O products."
ABOUT NUTRIPURE BEVERAGES, INC. NutriPure Beverages, Inc. is
bringing to market a complete line of nutrient-enhanced bottled
water products using a patented process that adds organic nutrients
to water without adding masking flavors, colors or sweeteners,
yielding premium enhanced water products that contain no calories,
no carbohydrates, no colors and no flavors other than pure water.
The process is further enhanced using desirable "cold-fill"
techniques that save energy and reduce harmful, "plastic chemical
leaching" into the product. The company intends to market a full
line of nutrient-enhanced water products under the Nu2O label,
which will compete with currently available products. For more
information visit www.nutripurebeverages.com.
Safe Harbor Statement: This release contains forward-looking
statements with respect to the results of operations and business
of NutriPure Beverages, Inc., which involves risks and
uncertainties. The Company's actual future results could materially
differ from those discussed. The Company intends that such
statements about the Company's future expectations, including
future revenues and earnings, and all other forward looking
statements be subject to the "Safe Harbors" provision of the
Private Securities Litigation Reform Act of 1995.
Contact: Kenyatto Jones CEO (949) 400-5963
Nutripure Beverages (CE) (USOTC:NBVG)
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