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NutriPure Beverages, Inc. Acquires Moneymaker 1 LLC (Inka Grill Franchise Systems) as 2nd Wholly-Owned Subsidiary
13 Aug 2008 09:00 AM ET
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NEWPORT BEACH, Calif., Aug 13, 2008 (BUSINESS WIRE) -- NutriPure Beverages, Inc. (Pink Sheets:NUBV) announced today that it has acquired Moneymaker 1 LLC, a Nevada corporation, and that Moneymaker 1 is now a 100% wholly-owned subsidiary of NutriPure Beverages, Inc. Moneymaker 1 LLC, which will now change its name to Inka Grill Franchise Systems ("IGFS"), owns the nationwide franchising rights to the Inka Grill restaurant, recipes and products, and an agreement is already in place with a major franchising firm to take the concept nationwide. The existing management team of Inka Grill Franchise Systems will remain in place and will continue to run the day-to-day operations of IGFS, with NutriPure providing funding, management oversight, and additional resources as needed. This acquisition has been structured in the form of a stock-for-stock transaction in which current NutriPure shareholders and management remain in control of the company and IGFS shareholders are assured a sizeable ownership position regardless of whether IGFS remains a subsidiary or is eventually spun off as a separate entity.
This announcement follows last Friday's release in which NutriPure announced the finalization of its purchase of XND Technologies, Inc., giving NutriPure two separate and complementary wholly-owned subsidiaries in the "healthy water/healthy food" industries. XND is bringing to market a complete line of Nu2O nutrient-enhanced bottled water products using a patented technology that is more efficient and less costly than any other currently in use. This "cold-fill" process also saves energy and allows organic nutrients to be added to water without adding masking flavors, colors or sweeteners, yielding premium enhanced clean and pure water products. Nu2O products will compete with currently available products such as VitaminWater and SmartWater, and will include formulas that provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, an energy and fitness drink, and additional products to be announced later.
NutriPure's CEO Kenyatto Jones commented that "We have been working toward this day for a long time, and we are very excited to announce that NutriPure now owns two separate and distinct subsidiaries, one water-focused and one food-focused, that will operate independently and can simultaneously work together to create and expand new markets for one another." 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.
SOURCE: NutriPure Beverages, Inc.
CONTACT: NutriPure Beverages, Inc.
Kenyatto Jones, CEO, 866-202-5256 Copyright Business Wire 2008 -0- KEYWORD: United States
North America
California INDUSTRY KEYWORD: Health
Fitness & Nutrition
Restaurant/Bar
Retail
Food/Beverage
Other Retail SUBJECT CODE: Merger/Acquisition

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