(OTC: FMBV) Buys RTD Coffee Drink MOJAVA
August 17 2009 - 7:30AM
Marketwired
Full Motion Beverage, Inc. (PINKSHEETS: FMBV) announced it has
completed the acquisition of Mojito Brands, Inc. Mojito is the
producer and creator of MOJAVA, an all natural RTD coffee beverage
with zero fat and low carbohydrates.
Coffee consumption in the United States is a 60 billion dollar
per year business. According to National Coffee Drinking Trends
report published by The National Coffee Association of U.S.A. Inc.
(NCA), daily coffee consumption has surpassed soft drinks in market
penetration for the first time in twenty years (2007), making
coffee America's most popular beverage after water.
Under the terms of the agreement, FMBV purchased 100% of Mojito
Brands and its registered trademark MOJAVA. The acquisition gives
FMBV an entry into the $1.2 billion dollar RTD specialty coffee
market. MOJAVA will be marketed through FMBV's wholly owned
subsidiary, Performaxx Brands, Inc. ("Performaxx") and Dean
Petkanas will remain on board as a director of FMBV.
To view the full release, please visit:
http://finance.yahoo.com/news/Full-Motion-Beverage-FMBV-iw-569131149.html?x=0&.v=1
Other active stocks are Pepsi (NYSE: PEP) Diageo (NYSE: DEO)
Starbucks (NASDAQ: SBUX)
About Full Motion Beverage, Inc.
Full Motion Beverage is a diversified beverage company that
owns, develops, markets and exclusively imports brands in the
alcohol and non-alcohol sectors of the beverage industry.
For more information, please visit:
www.fullmotionbeverage.com.
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