Tulsa, OK, April 02, 2007 - Global Beverage Solutions, Inc. announced today the company has acquired 100% ownership of Aqua Maestro, Inc., an internet retailer and distributor of imported bottled waters throughout the United States and the Caribbean.
Aqua Maestro generated $2.4M in revenues in 2006. The transaction was completed through a combination of cash and the issuance of restricted stock of Global Beverage, as well as the issuance of promissory notes in favor of the stockholders of Aqua Maestro.
Global Beverage believes Aqua Maestro has created a unique niche in the bottled water industry by specializing in upscale brands, mainly European imports. The company and its award-winning website have grown as the overall trend toward bottled water consumption, fine waters in particular, has accelerated over the past half decade. Aqua Maestro has distributions and exclusive importation rights with many products in their locale, including exclusive US importation rights to Via Natural, Cape Karoo, Fine, as well as exclusive Internet retail sales rights for the United States for brands such as Voss and Gerolsteiner.
"The opportunity for Aqua Maestro to utilize Global Beverage's distributors [Beverage Network of Maryland] and establish collocation of product in their warehousing location in the Baltimore region will immediately benefit Aqua Maestro and its customers," noted Founder of Aqua Maestro, Inc., Gene D. Donney. He continued, "It is a great pleasure to have found such a strategically beneficial investor and partner in Global Beverage Solutions."
Jerry Pearring, CEO of Global Beverage Solutions, also commented, "Gene Donney has a tremendous track record for building companies and we are very excited to bring Aqua Maestro into the Global Beverage network. I expect these agreements will aid in our valuation and provide multiple business synergies which should further accelerate revenue growth in the respective divisions."