NutriPure Beverages, Inc. to Reduce Authorized Shares
March 30 2009 - 8:30AM
Marketwired
NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that
its Board of Directors and its shareholders have agreed to reduce
its number of authorized common shares from 25 billion shares to
990 million shares. The primary reason for this is that management
wants to decrease potential dilution and increase the quality of
the current securities in preparation for the upcoming launch of
the Nu2O premium bottled water products by its wholly-owned
subsidiary, XND Technologies, Inc. CEO Kenyatto Jones commented,
"We believe that this reduced number of shares is appropriate and
sufficient to meet the company's immediate and midterm needs and we
do not anticipate any dilution of shares in the near or midterm
future." Mr. Jones also announced that the company plans to release
additional important announcements over the next few days.
ABOUT NUTRIPURE BEVERAGES, INC.
NutriPure Beverages, Inc. is bringing to market a complete line
of nutrient-enhanced bottled water products using a patented
process that is more efficient and less costly than any other
currently in use. This unique process adds organic nutrients to
water without adding masking flavors, colors or sweeteners,
yielding premium enhanced water products that contain no calories,
no carbohydrates, no colors and no flavors other than pure water.
The process is further enhanced using desirable "cold-fill"
techniques, which save energy and reduce harmful, "plastic chemical
leaching" into the product. The company intends to market a full
line of nutrient-enhanced water products under the Nu2O label,
which will compete with currently available products including
SmartWater and VitaminWater. Nu2O products will include those that
provide vitamin support for general health, a diet formulation for
weight watchers, an immune booster, an energy and fitness drink,
and others. For more information visit
www.nutripurebeverages.com
Safe Harbor Statement: This release contains forward-looking
statements with respect to the results of operations and business
of NutriPure Beverages, Inc., which involves risks and
uncertainties. The Company's actual future results could materially
differ from those discussed. The Company intends that such
statements about the Company's future expectations, including
future revenues and earnings, and all other forward looking
statements be subject to the "Safe Harbors" provision of the
Private Securities Litigation Reform Act of 1995.
Contact: Kenyatto Jones CEO NutriPure Beverages, Inc. (949)
400-5963
Nutripure Beverages (CE) (USOTC:NBVG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nutripure Beverages (CE) (USOTC:NBVG)
Historical Stock Chart
From Jul 2023 to Jul 2024