Global Beverage Solutions, Inc. (OTCBB: GBVS) announced today the company
has acquired 100% ownership of Aqua Maestro, Inc., an internet retailer and
distributor of imported bottled waters throughout the United States and the
Caribbean. Aqua Maestro generated $2.4M in revenues in 2006. The transaction was
completed through a combination of cash and the issuance of restricted stock of
Global Beverage, as well as the issuance of promissory notes in favor of the
stockholders of Aqua Maestro.
Global Beverage believes Aqua Maestro has created a unique niche in the
bottled water industry by specializing in upscale brands, mainly European
imports. The company and its award-winning website, www.AquaMaestro.com, have grown as the overall trend
toward bottled water consumption, fine waters in particular, has accelerated
over the past half decade. Aqua Maestro has distributions and exclusive
importation rights with many products in their locale, including exclusive US
importation rights to Via Natural, Cape Karoo, Fine, as well as exclusive
Internet retail sales rights for the United States for brands such as Voss and
Gerolsteiner.
"The opportunity for Aqua Maestro to utilize Global Beverage's distributors
[Beverage Network of Maryland] and establish collocation of product in their
warehousing location in the Baltimore region will immediately benefit Aqua
Maestro and its customers," noted Founder of Aqua Maestro, Inc., Gene D. Donney.
He continued, "It is a great pleasure to have found such a strategically
beneficial investor and partner in Global Beverage Solutions."
Jerry Pearring, CEO of Global Beverage Solutions, also commented, "Gene
Donney has a tremendous track record for building companies and we are very
excited to bring Aqua Maestro into the Global Beverage network. I expect these
agreements will aid in our valuation and provide multiple business synergies
which should further accelerate revenue growth in the respective divisions."
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About Global Beverage Solutions, Inc. Global Beverage Solutions, Inc. (GBVS) invests in a portfolio of companies in
the beverage industry. Its portfolio companies include Rudy Beverage, Inc., EON
Beverage Group, Inc. and XStream Beverage Network, Inc. For additional
information, please visit www.globalbeveragesolutions.com.
About Aqua Maestro, Inc. Aqua Maestro, Inc. was established in 2002 by Gene D. Donney and his son Gene
R. Donney. Since its inception as a private retail home delivery business of
gourmet waters to South Floridians, the company has grown to become a bottled
water importer and distributor of some 45 brands in the United States and the
Caribbean. The Company carries over one hundred seventy different items, with
inventory in excess of forty thousand cases, or approximately six hundred
thousand bottles. The wholesale client base is spread across North America and
the Caribbean, where the company has developed many valuable importation and
distribution relationships, including many hotels. Aqua Maestro ships to private
retail water lovers in all fifty states and several countries. According to the
International Bottled Water Association, the Non-Alcoholic Beverage ("NAB") is
the fastest growing beverage sector in the United States. In the United States,
bottled water is the fastest growing segment, and high-end bottled water is the
fastest growing specialty item in that segment. The overall US bottled water
consumption per capita has increased more that 7% every year since 2000; greater
than a 40% increase overall. The percentage of "imports" in the US has risen
from between 2.4% to 3.4% for the past 5 years.
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