A prominent international company known for establishing and operating successful bars, nightclubs, restaurants, and hotel and resort properties across the globe has made an official offer to acquire VuQo Holdings Corp. (PINKSHEETS: VUQO).

VuQo Holdings Corp. has recently received a letter of acquisition, following an extensive due diligence process and is subject to the fulfillment of a number of mutually agreed upon conditions.

Commenting on the offer, VuQo CEO Rich Cabael said, "The proposed transaction is a sign of confidence in VuQo Holdings Corp., our brands, and the Philippine wines and spirits sectors. Our goal has always been to create shareholder value through brand recognition and growth in case volume. This latest development is a remarkable indicator of the direction we're headed."

The offer is estimated to be valued in the region of 30-40 Million USD.

VuQo continues to gain brand exposure with the recent success at the Playboy Mansion, The New York Launch, and participation at the 2011 Emmy's Secret Room gifting suite along with many high profile events slated for October, November, and December. That combined with new distribution in New York, New Jersey, and Nevada as well as the potential for three additional states this year shows the momentum picking up speed.

"This is a unique opportunity for our company and our shareholders. The Board will consider the proposal and our options. We will provide further updates soon," said CEO Rich Cabael.

About VuQo Holdings Corp.:

VuQo Premium Vodka is the only vodka in the world distilled from coconut nectar. VuQo is 40% alcohol by volume, continuously distilled and filtered multiple times, and is packaged in an elegantly designed, 750ml bottle. Currently, VuQo is distributed in the United States in California, Nevada, Texas, Georgia, Maryland, New Jersey, and New York as well as Guam and the Philippines.

VuQo also owns the brand Haliya Light Fruit Wines, which are wines handcrafted in small batches using fruits that thrive in the Philippines. Haliya is available in two variants: Mango Wine which is 13% alcohol-by-volume; and Black Plum Wine which is 12%. Both are packaged in traditional wine bottles with award-winning label designs. Haliya is currently distributed in the Philippines, Guam, and the United States.

Contact: BoVentures Inc. Investor Relations 877-377-9809