TULSA, Okla., Jan. 25, 2006 (PRIMEZONE) -- Global Beverage Solutions, Inc. (OTCBB:GBVS) has completed the acquisition of an additional 44% of EON Beverage, Inc. for 1,750,000 shares of GBVS common stock increasing its ownership to 53%.
"This represents a higher level of commitment of GBVS to the structured water content in our Rudy line of beverages," stated Richard Clark, CEO of Global Beverage Solutions, Inc.
Jim Harford, President and CEO of EON Beverage Group, Inc., stated, "This investment in EON's proprietary technology allows us to roll out EON across the U.S., both as its primary brand and as the base content for the Rudy Revolution. We will provide the Rudy Beverage line with a superior hydrating, nutritional and reduced sugar content energy drink for athletes of all ages."
Global Beverage Solutions, Inc. (GBVS) invests in a portfolio of companies that primarily engage in manufacturing, distributing and selling beverages worldwide. Its portfolio companies include EON Beverage Group, LLC, manufacturing bottled water under the "EON" name through a proprietary process that alters the molecular structure of purified water, and Rudy Beverage Group, Inc., developing a line of beverages lower in sugar and higher in nutritional value than other beverages available on the market today. GBVS also holds equity interest in Titanium Design Studio, Inc. GBVS is based in Tulsa, Oklahoma. For additional information about EON Beverage Group, or any of its portfolio companies, please visit www.globalbeveragesolutions.com.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.