Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, March 2, 2012
Blue Gold Beverages Focuses on Nylon 6,6 Reclamation Projects
March 02, 2012 15:00 ET
Blue Gold Beverages Focuses on Nylon 6,6 Reclamation Projects
GREENWOOD, SOUTH CAROLINA--(Marketwire - March 2, 2012) - Blue Gold Beverages, Inc. (PINKSHEETS:BGBV) has rescind the agreements with Epic Nutrition Canada and Epic Nutrition LLC., the 15,000,000 common shares that were originally issued for the agreements will be cancelled bringing the total outstanding shares to 182, 017,468 . Mr. Latowsky has concurrently resigned as Chairman and as a Director of the company". These decisions were made in the best interest of both company's futures. Blue Gold Beverages has decided to focus 100% the company's resources on the Nylon 6,6 and PET commercial grade polymer reclamation projects. Blue Gold Beverages management believes that this course of action is necessary to ensure the company's long term success.
"I would like to thank Mr. Latowsky and Mr. Movic for their time with Blue Gold Beverages; the experience gained by working with them is invaluable", states Daniel Solomita, "By focusing the company's vision on the recycling of polymers, a business that is in high demand, Blue Gold Beverages is much better positioned to succeed in the long term.
ABOUT THE COMPANY: Blue Gold Beverages specializes in the cleaning, processing and recycling of thermoplastic polymers such as Polyethylene Terephthalate and Type 66 Nylon waste.
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.
