Xstream Beverage (NASDAQ:XSBG)
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XStream Beverage Group, Inc. Acquires Massachusetts-Based Beverage Distributor
Ayer Beverage To Become Beverage Network of Massachusetts, Effecting Contiguous
Geographic Coverage From Connecticut to Boston
FORT LAUDERDALE, Fla., March 16 /PRNewswire-FirstCall/ -- XStream Beverage
Group, Inc. (BULLETIN BOARD: XSBG) today announced it has completed the
acquisition of Ayer Beverage, a central Massachusetts-based distributor of
new-age beverages such as juice, water and sports drinks. Specific terms of the
acquisition were not disclosed.
Ayer Beverage has serviced the central Massachusetts market for more than two
decades. XStream Beverage Group CEO, Jerry Pearring, said the company delivers
to area schools, independent retailers, health clubs,cash and carry accounts
and mobile caterers.
"Ayer is one of the best-managed distribution companies we've seen in quite some
time," said Pearring. "Owner John Lehan runs a very tight ship and the
acquisition will provide an ideal platform for XStreamto aggressively expand
into the Boston market."
Ayer Beverage will be renamed Beverage Network of Massachusetts and give XStream
Beverage contiguous geographic coverage from Boston through the entire state of
Connecticut, joining forces with Beverage Network of Connecticut, XStream's
previous New England acquisition. XStream also owns and operates Beverage
Network of South Florida that covers Miami-Dade, Broward and Palm Beach
Counties.
Pearring said that Lehan will continue as general manager of the newly acquired
entity. He said that Beverage Network of Massachusetts will immediately
distribute XStream's proprietary energy drink Yohimbe while its Maui Juice
products and the Squeeze soda brand will be distributed in the near future.
"I've been closely observing the progress XStream Beverage Group has made over
the past year," said Lehan. "I've been very impressed with their aggressive
sales and growth philosophy which closely aligns Ayer's. I'm delighted to be the
Massachusetts link of theXStream Beverage Network concept."
XStream Beverage Group recently acquired the Maui Juice Company and the historic
Squeeze soda brand, its first entry in the "retro," gourmet soda category. The
Company continues to aggressively pursue a strategy to build brands while
establishing its own distribution network.
Just more than a year ago, the Company introduced its proprietary energy drink,
Yohimbe. Made from the bark of the West African Corynanthe,Yohimbe tree, the
drink also contains vitamins B-12, B-6 and taurine, which is an essential amino
acid. Since its introduction in March 2003, sales of the product have grown
consistently, making particular inroads in several of the popular clubs in South
Beach and Ft. Lauderdale, as well as various spots in Connecticut.
Plans call for the acquisition of small- to medium-sized distributors in
strategic locations around the nation, while concurrently introducing its own
proprietary products through those distribution channels.
About XStream Beverage Group, Inc.
XStream Beverage Group, Inc. is charting a course to become one of the up-
and-coming leaders in the beverage industry. The company plans to continue
acquiring small- to medium-sized beverage distributors and developing brands
under its own label or through acquisition. The company is a fully reporting,
public entity trading on the OTC Bulletin Board, ticker symbol XSBG. Learn more
at http://www.xbev.com/
This press release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
failure to complete successfully the development of new or enhanced products,
the Company's future capital needs, the success ofcompetitive products,
fluctuations in costs, changes in consumer preferences and other items described
in the Company's Securities and Exchange Commission filings. The Company
undertakes no obligation to update any statements in this press release.
For further information, contact:
Peter Nasca
Peter Nasca Associates, Inc.
Chicago: 312-421-0723
Miami: 305-937-1711
DATASOURCE: XStream Beverage Group, Inc.
CONTACT: Peter Nasca, Peter Nasca Associates, Inc., in Chicago,
+1-312-421-0723, or in Miami, +1-305-937-1711, or , for
XStream Beverage
Web site: http://www.xbev.com/