Full Motion Beverage FMBV Completes Acquisition of ENERGIZE(TM) Energy Shot Brand
September 02 2009 - 9:46AM
Marketwired
Full Motion Beverage, Inc. (PINKSHEETS: FMBV) announced it has
completed the acquisition of Performaxx Brands, Inc.
("Performaxx"). Performaxx is the producer and creator of
ENERGIZE(TM), a naturally flavored, zero calorie, two ounce energy
shots.
Under the terms of the agreement, FMBV now owns 100% of
Performaxx Brands and the proprietary consumer products pending
trademark under the ENERGIZE(TM) label. The acquisition gives FMBV
entry into the "energy shot" market, forecasted to grow better than
20% per year through 2014. Performaxx is FMBV's non-alcohol
beverage subsidiary which will continue to develop, license and
market traditional and new age beverages for FMBV. ENERGIZE(TM) is
marketed and sold in Orange and Lemon-Lime under the label
ENERGIZE(TM), The Ultimate Energy Boost.
Dean Petkanas, Director of FMBV, stated, "The energy shot market
is on fire and the market feedback on ENERGIZE(TM) has been
outstanding on taste and consumer appeal. The New York Times
reported on July 10, 2009 that 'shot sales could reach $700 million
this year, nearly double last year's $370 million, not counting
Wal-Mart Stores, with Living Essentials' 5-Hour Energy® owning
about 80% of the market in only its fifth year.' We see the
marketplace as ripe and open for competitive products like
ENERGIZE(TM)."
About Full Motion Beverage, Inc.
Full Motion Beverage, Inc. 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
and www.energizeshots.com.
Forward-Looking Statements
This release contains "forward-looking statements" and
information provided by Full Motion Beverage, Inc., such as online,
printed documents, publications or information available via Full
Motion Beverage, Inc.'s website. It may contain certain
forward-looking statements that involve risks, uncertainties,
assumptions and other factors, which, if they do not materialize or
prove correct, could cause Full Motion Beverage, Inc.'s results to
differ materially from historical results, or those expressed or
implied by such forward-looking statements.
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including statements containing the words "planned," "expects,"
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Full Motion Beverage (PK) (USOTC:FMBV)
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