Minerco's Level 5 Acquires Equity in VitaminFIZZ(R) Brand
April 22 2015 - 10:00AM
Minerco Resources, Inc. (OTC:MINE), parent company of Level 5
Beverage Company, Inc., the makers of VitaminFIZZ®, announced that
Level 5 has purchased a 10% equity position in the VitaminFIZZ
Brand. Level 5 holds the rights to purchase up to 56% interest in
the brand, over the next five years. This acquisition is in
addition to the existing licensing agreement that currently
entitles Level 5 to 51% of the net revenues and operational control
of the brand.
"This procurement has come at a very opportune time for Level 5
as our company and flagship product are beginning to reach a
critical mass in initial key markets. This is another step in our
strategy to increase shareholder value by continuing to acquire
cash flowing assets," said V. Scott Vanis, Minerco's Chairman and
CEO. "This new equity position in VitaminFIZZ offers us many
advantages including easier access to traditional financing,
indefinite guaranteed ownership of the brand and increased equity
for our shareholders. Additionally, the acquisition will set a
benchmark of verified current valuation of VitaminFIZZ. We have
experienced impressive growth in just seven short months; however,
that growth, we believe, will potentially pale in comparison to
what we have planned for the next five months going
forward."
About VitaminFIZZ®
VitaminFIZZ is a lightly sparkling, flavor-filled, refreshing
beverage with an awesome boost of essential vitamins developed to
quench your thirst, naturally. VitaminFIZZ is caffeine free, is Non
GMO, has zero calories and contains 100% of recommended daily
Vitamin B3, B5, B6, B12 and Vitamin C. VitaminFIZZ comes in
six flavors: Mango Orange, Strawberry Watermelon, Lemon Lime, Black
Raspberry, Strawberry Lemonade and Coconut Pineapple. Currently,
VitaminFIZZ can be found in over 1,400 locations within the
Southern California, NYC metro and Las Vegas markets as well as
online at Amazon.com.
Learn more and sign up for contest offerings at:
www.vitamin-fizz.com
www.twitter.com/vitaminfizz
www.facebook.com/drinkvitaminfizz
www.instagram.com/vitaminfizz
About Minerco Resources, Inc.
Minerco Resources, Inc. (OTC:MINE), is the parent company of
Level 5 Beverage Company, Inc. (Level 5), a specialty beverage
company which develops, produces, markets and distributes a
diversified portfolio of forward-thinking, good-for-you consumer
brands. The Minerco - Level 5 brand umbrella includes:
VitaminFIZZ®, Vitamin Creamer®, Coffee Boost™, Island Style™ and
The Herbal Collection™. http://minercoresources.com
Public Disclosure
Details of the Company's business, finances and agreements can
be found as part of the Company's continuous public disclosure as a
fully reporting issuer under the Securities Exchange Act of 1934
filed with the Securities and Exchange Commission's ("SEC") EDGAR
database. For more information, please
visit: http://www.minercoresources.com. The above statements
have not been evaluated by the Food and Drug Administration (FDA).
These products are not intended to diagnose, treat, cure or prevent
any disease.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events. Although we believe that the expectations and
assumptions upon which they are based are reasonable, we can give
no assurance that such expectations and assumptions will prove to
have been correct. Some of these uncertainties include, without
limitation, the company's ability to perform under existing
contracts or to procure future contracts. The reader is cautioned
not to put undue reliance on these forward-looking statements, as
these statements are subject to numerous factors and uncertainties,
including without limitation, successful implementation of our
business strategy and competition, any of which may cause actual
results to differ materially from those described in the
statements. We undertake no obligation and do not intend to update,
revise or otherwise publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of any unanticipated
events. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our
expectations will materialize. Many factors could cause actual
results to differ materially from our forward-looking
statements.
CONTACT: Media Contact:
W. Jason Grimley
Spelling Communications
323-309-8714
jasongrimley@spellcom.com
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