Bebida Beverage Company to Further Reduce Shares Authorized

  
    
  
  
    
      Bebida Beverage Company (Pink Sheets:BBDA) announced today that the 
      company will reduce the common stock authorized to 1.4 billion shares.
    
    
      The company is preparing the necessary paperwork to reduce the common 
      stock authorized from 2 billion shares down to 1.4 billion shares. The 
      paperwork is being processed for submission and filing to the state’s 
      offices.
    
    
      The company anticipates that shareholders will appreciate today’s 
      announcement to further reduce the number of shares authorized. 
      Management intends to on a go-forward basis continue to monitor and 
      evaluate the perceived market value of the company’s 
      shares in order to formulate any additional corporate policies related 
      to future share structure reductions and/or stock buy-back programs.
    
    
      As of October 21, 2008, the common stock outstanding for the company is 
      1,119,087,549 shares. As recently announced, the company is in the 
      process of retiring a block of common stock, which will reduce the 
      number of shares outstanding in an effort to increase shareholder value.
    
    
      For more information on Bebida Beverage Company and Piranha Spring 
      Water, please visit: http://www.bebidabeverages.com 
      and http://www.piranhabeverages.com.
    
    
      Safe Harbor: This release may contain forward-looking statements within 
      the meaning of the Private Securities Litigation Reform Act of 1995. 
      Statements contained in this release that are not historical facts may 
      be deemed to be forward-looking statements. Investors are cautioned that 
      forward-looking statements are inherently uncertain. Actual performance 
      and results may differ materially from that projected or suggested 
      herein due to certain risks and uncertainties including, without 
      limitation, ability to obtain financing and regulatory and shareholder 
      approvals for anticipated actions.