SOURCE: Bebida Beverage Company

November 11, 2009 09:36 ET

Bebida Beverages Settles Pending Litigation

MOORESVILLE, NC--(Marketwire - November 11, 2009) - (PINKSHEETS: BBDA) Bebida Beverages announced today that a pending litigation with YA Global Investments L.P., formerly know as Cornell Capital Partners L.P., has been resolved. This litigation was the result of a business deal gone bad stemming all the way back to 2003 and several owners ago when the company was known as Fortis Ent. Bebida Beverages CEO Brian Weber unfortunately was unaware of the pending case all during and up to having a call from transfer agent about the issue. The call made Mr. Weber aware of a default judgment judge's order to issue stock. Brian Weber stated, "This has been a major distraction for us but I am very happy we are putting it behind us with a settlement we all can live with, which includes a significantly less amount of money than initially described and terms that will not have a diverse effect on the shareholder value of Bebida Beverages."

"With the help of several attorneys and ground work I personally set in motion by meeting face to face with the plaintiff, we now can stay focused on increasing shareholder value and getting us revved up and on a straight pathway to the bulletin boards and on to the NASDAQ," added Brian. VP Daisy Ramirez said, "It was an unfortunate situation that we were put into, however we maintained a positive attitude and made every attempt to handle the situation with the highest level of professionalism. Now with it resolved, we can continue our efforts in growing this company and its brands to achieve the results that we know are possible for us and our shareholders."

POTENCIA Energy Drink is a 3-year-old Latin energy drink. POTENCIA is made with real fruit concentrate that is imported from Mexico and Central America. Potencia was developed for Latinos but enjoyed by everyone! Potencia also offers a berry flavored 2 oz. energy shot, accurately named Potencia Blast!

Bebida Beverages Co. is the maker and developer of several beverages including: Piranha Water, Guppy Water, Koma Unwind (Relaxation Beverage) and Koma Shot.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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