|Moderated By: StockWizz -- (Moderated) -- Started: 5/30/2012 3:07:10 AM Revision History|
Check out the PR out today.
Cuba Beverage Company Receives Funds and Funding Commitments Totaling $500,000, Completing First Round of Financing
Cuba Beverage Company (PINKSHEETS: CUBV), a manufacturer and innovator of herbal, all-natural energy beverages, announced today it has completed its initial round of new financing through an equity private placement. The Company has received funds and funding commitments totaling $500,000.00 completing the first round of financing. Cuba Beverage intends to now initiate a second round of financing to raise a total of $1,000,000.00 in equity capital.
This new investment will allow the Company to initiate the latest production run of its current product offering and resume distribution through its established network of beverage sales channels.
About Cuba Beverage Company
Cuba Beverage Company is at the forefront of creating a unique category for Herbal Energy Juices in the global energy beverage market, valued at $17 billion in sales in North America alone. Developed over the past four years with leading industry scientists, CUBA Herbal Energy Juice® is the first ready-to-drink beverage by Cuba Beverage Company that offers a healthy, natural alternative to conventional energy drinks. Several countries have banned the sale of energy drinks, which contain a high dosage of stimulants, including taurine and other artificial ingredients that can increase blood pressure and heart rate, cause joint pain, depression and sleeplessness as well as many other negative health effects. CUBA Herbal Energy Juice® is rapidly setting a new industry standard with its all-natural ingredients. It contains no added caffeine, no taurine, no high fructose corn syrups and/or artificial sugars, no preservatives and no artificial ingredients.
The product is available in three unique flavors: Pomegranate-Cranberry, Wild Berry and Passion Fruit-Orange. BevNet, the beverage industry's go-to source for product reviews, stated, "CUBA is a superb tasting product. Unlike other juice infused energy products, this one ('Cuba') has a low level of sweetness and its boost is derived entirely from natural sources as opposed to added caffeine... it is one of the more innovative energy drinks we've seen in a while." For more information, visit cubabev.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.
Cuba Beverage Company
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