Global Beverage Solutions Inc. has entered into a letter of intent with Rudy Beverage Inc.
Global Beverage Solutions will acquire 80% of Rudy Beverage Inc. in exchange for 16 million shares of its restricted common stock, of which 6 million will be issued and delivered immediately, and the balance held as an "earn out."
Recently, Global Beverage Solutions has sharpened its focus in the beverage industry. The acquisition of Rudy Beverage Inc. reflects this. Rudy Beverage Inc.'s flagship products are a line of beverages that are lower in sugar and have higher nutritional value than leading competitors.
"I am really excited about this acquisition and feel that the synergies between our company, Rudy Beverage Inc. and Eon Beverage Group will benefit us all during the course of our relationship. I am proud that Global Beverage Solutions is involved with a product of the highest quality and one that is backed by a person who has the character and determination to make his company and product successful," stated Richard Clark, president.
Rudy Ruettiger went on to say, "The primary focus of my life is dedicated to the human spirit. My foundation works to help children build self-esteem, reach their full potential and become positive role models. I believe that nutrition is a very important part of a child's development, and that is why I am so excited about my new line of beverages. These beverages offer a very low sugar content while delivering high nutrition coupled with superior hydration.