SOURCE: Bona Coffee Holdings Corp.

April 18, 2011 11:30 ET

BCHC Announces Strategic Turn Around and Major Stake Buyout of VuQo Inc.

NEW YORK, NY--(Marketwire - Apr 18, 2011) - VuQo Inc., creators of the world's first coconut-distilled premium vodka, today announced that BoNa Coffee Holdings Corporation (PINKSHEETS: BCHC) has acquired a majority stake in their company, shifting BCHC's focus to the alcoholic beverage industry. Bona Coffee Holdings Corp. has voted to spin off the other parts of the company including, BoNa Coffee Company, Ayurveda Day surgery and Spa, and Bohemian Nation.

CEO Candace Schmidt and current board members will step down and be replaced by current VuQo Inc. CEO and Founder, Rich Cabael, along with his current management team.

"The time is right to accelerate the company's renewal to drive BCHC to the next level of growth. It is important to me to give shareholder value, and I will do whatever it takes to make VuQo a successful brand name that is known all over the world in an industry that did $44 billion dollars last year in the United States alone," said Rich Cabael, incoming CEO of BCHC.

About VuQo Inc. (www.vuqo.com)

VuQo Inc. is the creator of VuQo Premium Vodka, the only vodka in the world distilled from coconut nectar. VuQo is 40% alcohol by volume, continuously distilled and filtered multiple times, and is packaged in an elegantly designed, 750ml bottle. Currently, VuQo is distributed in the United States in California, Texas, and Georgia, as well as Guam and the Philippines.

VuQo also owns the brand Haliya Light Fruit Wines, which are wines handcrafted in small batches using fruits that thrive in the Philippines. Haliya is available in two variants: Mango Wine which is 13% alcohol-by-volume; and Black Plum Wine which is 12%. Both are packaged in traditional wine bottles with award-winning label designs. Haliya is currently distributed in the Philippines, Guam, and the United States.

Contact Information

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