“Upon concluding this agreement, Premier Beverage Group will be adding Monsoon and CareOne Energy Booster to our captive brand inventory,” said Fouad Kallamni, Premier Beverage Group’s president. “The addition of these strong brands, each of which has had success in the marketplace, provides a solid foundation for our recently announced captive brand business line. In addition, each of these brands has a solid operating history as well as the ability to grow with product line extensions at each of the retailers carrying these lines, now and in the future.”
The agreement is a non-binding letter of intent subject to definitive documentation. Premier Beverage Group has agreed to purchase the above assets, including trademarks, operating programmes, and certain inventory, in return for a $200,000 promissory note and the issuance of 1,000,000 restricted shares of its common stock.
Source: Premier Beverage Group
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