COVINGTON, Ga., May 22, 2009 (GLOBE NEWSWIRE) -- Southtrade Asset Solutions, Inc. (Pink Sheets:STAS) has entered into a Definitive Asset Purchase Agreement to acquire all of the assets from Swiss Based Rushh Europe AG. Rushh Europe, www.rushh-europe.de, is in the fast growing energy drink market in Europe with over 98 distributors in 2008 and growing at 40% CAGR.
The European energy drink market in Europe has now surpassed the niche market status and entered the main stream mass market for beverages. Western Europe now represents the second largest market for energy drinks after the USA. Global demand for energy drinks is projected to drive revenue in the sector to a record $39.2 Billion by 2010. Germany and the UK currently hold the strongest demand with revenues of $4.6 Billion. France is the region's fastest growing new market with CAGR of over 18% and growing.
Rushh forecasts have shown considerable growth within their business model and have demonstrated strong management of the brand within their target markets.
Southtrade forecasts the closing of the acquisition of Rushh to be completed by July 31st 2009. Existing Rushh shareholders will receive 2 shares of Southtrade for each share of Rushh they hold.
About Southtrade Asset Solutions, Inc.
Southtrade Asset Solutions, Inc. is a full service auction, liquidation and appraisal firm with offices in Atlanta, Seattle and Vancouver. We provide honest and professional dealing for both buyers and sellers of industrial and commercial equipment and inventories, offering detailed Business Plans for an orderly sale in a manner best suited to the nature of the assets. This may include auction, private treaty sale liquidation, or a combination of both.
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