December 02, 2011 10:22 ET
Blue Gold Beverages, Inc.: South Carolina Reclamation Project
HOUSTON, TEXAS--(Marketwire - Dec. 2, 2011) - Blue Gold Beverages, Inc. (PINK SHEETS:BGBV) Blue Gold Beverages, through its wholly owned subsidiary TY Recycling, has reached an conditional agreement with California Chemical Fiber Material Inc., (CCFM) on a reclamation project in Greensboro, South Carolina. Under this agreement Blue Gold Beverages has exclusive rights to conduct its due diligence, to assess the quantity and quality of the commercial grade Nylon located at this privately owned landfill site. The Nylon was buried at this site approximately 4 years ago and is believed to be high quality commercial grade nylon. Blue Gold Beverages has a team of consultant's onsite conducting testing; the early estimates look very promising.
"Blue Gold Beverages initial goal in purchasing TY Recycling in 2010 was to become much more of an environmentally conscience company by having the recycling offset the carbon foot print left by our beverage bottling business. This nylon reclamation project provides us with the unique opportunity to assist in cleaning up our environment, while adding huge revenue and shareholder value to the company." states Daniel Solomita, CEO of Blue Gold Beverages.
ABOUT THE COMPANY: Blue Gold Beverages wholly owned subsidiary, TY Recycling specializes in the cleaning, processing and recycling of thermoplastic polymers such as Polyethylene Terephthalate and Type 66 Nylon waste. This is in-line with the company's strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value. Blue Gold Beverages, Inc. through its recent acquisition of Epic Nutrition is a leading producer of 2 ounce specialty drinks and energy bars such as NRG Shots and PitBull energy bars, please visit our website [ www.bluegoldbeverages.com ] for more details.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.