STATESVILLE, N.C., Dec. 18, 2014 /PRNewswire/ -- Bebida
Beverage Company (OTC: BBDA), (BeBevCo), a developer,
manufacturer and marketer of relaxation and energy drinks and shots
announced today that its board has approved and submitted the
requisite paperwork to FINRA to effectuate a 100-1 reverse stock
split.
In light of the company's projected and steady growth, the
reverse split is intended to enable the company to enter into
agreements for acquisitions, financing and / or capitalization. The
restructuring process will also assist the company to remove chill
restrictions, as well as shed sub penny abusive trading habits of
short stock investors.
"We continuously review our capital structure and I now believe
that a stock split of this ratio is in the best short and long term
interest of all of Bebida Beverage Company shareholders," said
BeBevCo CEO Brian Weber. "A smaller number of proportionately
more valuable shares will significantly enhance the companies
profile and be more attractive
for acquisition opportunities.
This decision is part of an overall long term initiative to send
a clear message to the market that we are aggressively taking steps
to end stock delusion and begin the tedious stock buy-back
process."
Additionally, the company will in the coming week reduce the
authorized share cap to 500,000,000 shares.
Finally, in the coming days, BeBevCo will make another public
announcement soon regarding the company's first shareholder stock
dividend.
Unite with KOMA Unwind for its "relaxation revolution" by
joining us on Facebook (Facebook.com/KOMAUnwind) and
following us on Twitter @KOMAUnwindNews.
For those consumers who cannot find KOMA Unwind and our other
products locally, please visit our
website and Amazon.com to place an order.
Shareholders, investors and potential new distributors are
invited to be added to the corporate e-mail database for the future
distribution of corporate press releases and industry updates by
sending an e-mail to BeBevCoInvestors@gmail.com
About BeBevCo:
BeBevCo (Bebida Beverage Company) develops manufactures and
markets liquid relaxation products including, KOMA Unwind® Liquid
Relaxation®, KOMA Unwind® Sugar-free Liquid
Relaxation®, and KOMA Unwind Liquid Relaxation
Shots®, as well as POTENCIA Energy, POTENCIA BLAST Energy
Shots and Relax 5 Shots.
KOMA Unwind® currently garnishes over 75 percent of
brand awareness in the rapidly expanding relaxation drink category
in the United States.
Additionally, KOMA Unwind® has been featured in O Magazine,
Bloomberg News, the Wall Street Journal, Women's Health and many
other publications.
Corporate websites accessible
at BeBevCo.com, Relaxfive.com and KOMAUnwind.com.
Contact: 704.660.0226 or info@bebevco.com.
Logo -
http://photos.prnewswire.com/prnh/20130718/PH49528LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bebevco-announces-stock-restructuring-300011734.html
SOURCE BeBevCo