Blue Gold Beverages, Inc. (PINK SHEETS: HHEL) has executed a Memorandum of Understanding to acquire One Hundred Percent (100%) of the common stock of TY Recycling,Inc. a Canada based PET and Nylon Recycling company. The acquisition will be an all stock transaction, utilizing restricted common stock of Blue Gold Beverages, Inc.
TY Recycling, Inc. has contracts for the extraction and acquisition of PET from a Canadian municipality, and likewise has a purchase order for such material. Additionally, the company has a dedicated nylon supply to be delivered for purchase oversees.
Blue Gold Beverages, Inc. is now in the final stages of due diligence to assure that representations of T Y Recycling, Inc. are in place and properly executed. Daniel Solomita, President and CEO of Blue Gold Beverages, Inc. stated "The proposed acquisition of TY Recycling will not only bring profitable revenue to the company but TY Recycling has also developed a network of PET and Nylon sources and purchasers which put our company on a fast track for one of our corporate objectives which is to deal with 100% environmentally friendly businesses in a profitable way for our shareholders. "
Management of Blue Gold Beverages, Inc. has been negotiating this acquisition for nearly a year and management of TY Recycling, Inc. will assist in an orderly transition and future business development.
ABOUT THE COMPANY: Blue Gold Beverages is a leading producer of high end private label beverages in North America. The company is also on a mission 100% environmentally friendly and is actively pursuing all options to attain this very important mission.
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Forward-Looking Statement: This press release includes forward-looking statements within the meaning of the federal securities laws, commonly identified by such terms as believes, looking ahead, anticipates, estimates and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.