XStream Beverage Group, Inc. Acquires Massachusetts-Based Beverage Distributor
17 March 2004 - 12:15AM
PR Newswire (US)
XStream Beverage Group, Inc. Acquires Massachusetts-Based Beverage
Distributor Ayer Beverage To Become Beverage Network of
Massachusetts, Effecting Contiguous Geographic Coverage From
Connecticut to Boston FORT LAUDERDALE, Fla., March 16
/PRNewswire-FirstCall/ -- XStream Beverage Group, Inc. (BULLETIN
BOARD: XSBG) today announced it has completed the acquisition of
Ayer Beverage, a central Massachusetts-based distributor of new-age
beverages such as juice, water and sports drinks. Specific terms of
the acquisition were not disclosed. Ayer Beverage has serviced the
central Massachusetts market for more than two decades. XStream
Beverage Group CEO, Jerry Pearring, said the company delivers to
area schools, independent retailers, health clubs,cash and carry
accounts and mobile caterers. "Ayer is one of the best-managed
distribution companies we've seen in quite some time," said
Pearring. "Owner John Lehan runs a very tight ship and the
acquisition will provide an ideal platform for XStreamto
aggressively expand into the Boston market." Ayer Beverage will be
renamed Beverage Network of Massachusetts and give XStream Beverage
contiguous geographic coverage from Boston through the entire state
of Connecticut, joining forces with Beverage Network of
Connecticut, XStream's previous New England acquisition. XStream
also owns and operates Beverage Network of South Florida that
covers Miami-Dade, Broward and Palm Beach Counties. Pearring said
that Lehan will continue as general manager of the newly acquired
entity. He said that Beverage Network of Massachusetts will
immediately distribute XStream's proprietary energy drink Yohimbe
while its Maui Juice products and the Squeeze soda brand will be
distributed in the near future. "I've been closely observing the
progress XStream Beverage Group has made over the past year," said
Lehan. "I've been very impressed with their aggressive sales and
growth philosophy which closely aligns Ayer's. I'm delighted to be
the Massachusetts link of theXStream Beverage Network concept."
XStream Beverage Group recently acquired the Maui Juice Company and
the historic Squeeze soda brand, its first entry in the "retro,"
gourmet soda category. The Company continues to aggressively pursue
a strategy to build brands while establishing its own distribution
network. Just more than a year ago, the Company introduced its
proprietary energy drink, Yohimbe. Made from the bark of the West
African Corynanthe,Yohimbe tree, the drink also contains vitamins
B-12, B-6 and taurine, which is an essential amino acid. Since its
introduction in March 2003, sales of the product have grown
consistently, making particular inroads in several of the popular
clubs in South Beach and Ft. Lauderdale, as well as various spots
in Connecticut. Plans call for the acquisition of small- to
medium-sized distributors in strategic locations around the nation,
while concurrently introducing its own proprietary products through
those distribution channels. About XStream Beverage Group, Inc.
XStream Beverage Group, Inc. is charting a course to become one of
the up- and-coming leaders in the beverage industry. The company
plans to continue acquiring small- to medium-sized beverage
distributors and developing brands under its own label or through
acquisition. The company is a fully reporting, public entity
trading on the OTC Bulletin Board, ticker symbol XSBG. Learn more
at http://www.xbev.com/ This press release includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include failure to complete successfully
the development of new or enhanced products, the Company's future
capital needs, the success ofcompetitive products, fluctuations in
costs, changes in consumer preferences and other items described in
the Company's Securities and Exchange Commission filings. The
Company undertakes no obligation to update any statements in this
press release. For further information, contact: Peter Nasca Peter
Nasca Associates, Inc. Chicago: 312-421-0723 Miami: 305-937-1711
DATASOURCE: XStream Beverage Group, Inc. CONTACT: Peter Nasca,
Peter Nasca Associates, Inc., in Chicago, +1-312-421-0723, or in
Miami, +1-305-937-1711, or , for XStream Beverage Web site:
http://www.xbev.com/
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