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FMBV Full Motion Beverage Inc (PK)

0.0042
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Full Motion Beverage Inc (PK) USOTC:FMBV OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0042 0.0042 0.007 0.00 12:59:18

Full Motion Beverage FMBV Completes Acquisition of ENERGIZE(TM) Energy Shot Brand

02/09/2009 2:46pm

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Full Motion Beverage (PK) (USOTC:FMBV)
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Full Motion Beverage, Inc. (PINKSHEETS: FMBV) announced it has completed the acquisition of Performaxx Brands, Inc. ("Performaxx"). Performaxx is the producer and creator of ENERGIZE(TM), a naturally flavored, zero calorie, two ounce energy shots.

Under the terms of the agreement, FMBV now owns 100% of Performaxx Brands and the proprietary consumer products pending trademark under the ENERGIZE(TM) label. The acquisition gives FMBV entry into the "energy shot" market, forecasted to grow better than 20% per year through 2014. Performaxx is FMBV's non-alcohol beverage subsidiary which will continue to develop, license and market traditional and new age beverages for FMBV. ENERGIZE(TM) is marketed and sold in Orange and Lemon-Lime under the label ENERGIZE(TM), The Ultimate Energy Boost.

Dean Petkanas, Director of FMBV, stated, "The energy shot market is on fire and the market feedback on ENERGIZE(TM) has been outstanding on taste and consumer appeal. The New York Times reported on July 10, 2009 that 'shot sales could reach $700 million this year, nearly double last year's $370 million, not counting Wal-Mart Stores, with Living Essentials' 5-Hour Energy® owning about 80% of the market in only its fifth year.' We see the marketplace as ripe and open for competitive products like ENERGIZE(TM)."

About Full Motion Beverage, Inc.

Full Motion Beverage, Inc. is a diversified beverage company that owns, develops, markets and exclusively imports brands in the alcohol and non-alcohol sectors of the beverage industry.

For more information, please visit: www.fullmotionbeverage.com and www.energizeshots.com.

Forward-Looking Statements

This release contains "forward-looking statements" and information provided by Full Motion Beverage, Inc., such as online, printed documents, publications or information available via Full Motion Beverage, Inc.'s website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Full Motion Beverage, Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements.

All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing.

Full Motion Beverage, Inc. Email Contact

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