Xstream Beverage (NASDAQ:XSBG)
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From May 2019 to May 2024
XStream Beverage Group, Inc. Acquires Maui Juice Company
Hawaiian-Based Company Considered One of the Pioneers in the Multi-Billion
Dollar Functional Drink/New Age Category
FORT LAUDERDALE, Fla., March 2 /PRNewswire-FirstCall/ -- XStream Beverage
Group, Inc. (BULLETIN BOARD: XSBG) today announced it has completed the
acquisition of the Maui Juice Company. Founded in 1986, Maui is considered one
of the pioneers in the functional drink/new age category. The company currently
sells its seven flavors of fresh perishable juice throughout Hawaii.
"We consider the Maui Juice Company one of the hidden gems in the beverage
industry," said Jerry Pearring, CEO of XStream Beverage Group, Inc. "Maui Juice
has been an Hawaiian favorite long before any ofthe prominent national brands
in the functional drink/new age category were even developed. In essence, they
were one of the pioneers in the category which domestically has grown to more
than $5 billion in annual sales."
Maui's current line of fresh perishable products consists of seven flavors in
three segments. Its nutrient-enhanced drinks include Ginger Blast, Noni
Lemonade and Aloe Lime C Charge. The company offers a Papaya Orange juice
blend. Its smoothie line consists of Pineapple Coconut, Strawberry Passion and
Spirulina. The products, which are produced from all-natural, local ingredients
at a company-owned facility in Maui, are available in single and multi-serve
packaging. The Company said that Maui Juice line will continue to be madein
that facility utilizing lush, tropical ingredients from local resources.
"The Maui line of all natural, premium juice and nutrient enhanced juice drinks
promote a sense of health, wellness and goodwill by utilizing the tropical
imagery of Maui and capturing the Aloha Spirit," said Pearring. "Since
distribution has been limited to Hawaii we're every excited about the prospects
of bringing Maui Juice to the mainland where consumer interest in more healthy
lifestyles is increasing demand for functional/new age beverages. We're quite
confident that Maui will be a formidable competitor."
"For nearly two decades we've taken great care to maintain the integrity of Maui
Juice and to uphold its reputation as an island favorite," said Maui Juice
Companypresident, Larry Lassek. "Over the years we've had a number of
interested suitors but none of them truly understood and appreciated the mystic
surrounding our products like XStream Beverage Group."
The acquisition of the Maui Juice Company reinforcesXStream Beverage Group's
short- and long-term strategy to build brands while establishing its own
distribution network. The Company recently acquired the historic Squeeze soda
brand in an all-stock purchase, its first entry in the "retro," gourmet soda
category.
The Maui Juice Company acquisition is being facilitated through a combination of
stock and cash tied to certain performance criteria. Specific terms were not
disclosed.
Less 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.
XStream Beverage Group currently has its own distribution facilities in Ft.
Lauderdale, Fla. and Bristol, Conn. Planscall 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.OB. 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 of competitive 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 of Peter Nasca Associates, Inc., Chicago,
+1-312-421-0723, Miami, +1-305-937-1711, or , for XStream
Beverage Group, Inc.
Web site: http://www.xbev.com/