Blue Gold Beverages, Inc.

October 05, 2010 13:00 ET

Blue Gold Beverages, Inc.: Announcement

HOUSTON, TEXAS--(Marketwire - Oct. 5, 2010) - Blue Gold Beverages, Inc. (PINK SHEETS:HHEL) has executed a Memorandum of Understanding to acquire One Hundred Percent (100%) of the common stock of TY Recycling,Inc. a Canada based PET and Nylon Recycling company. The acquisition will be an all stock transaction, utilizing restricted common stock of Blue Gold Beverages, Inc.

TY Recycling, Inc. has contracts for the extraction and acquisition of PET from a Canadian municipality, and likewise has a purchase order for such material. Additionally, the company has a dedicated nylon supply to be delivered for purchase oversees.

Blue Gold Beverages, Inc. is now in the final stages of due diligence to assure that representations of T Y Recycling, Inc. are in place and properly executed. Daniel Solomita, President and CEO of Blue Gold Beverages, Inc. stated "The proposed acquisition of TY Recycling will not only bring profitable revenue to the company but TY Recycling has also developed a network of PET and Nylon sources and purchasers which put our company on a fast track for one of our corporate objectives which is to deal with 100% environmentally friendly businesses in a profitable way for our shareholders. "

Management of Blue Gold Beverages, Inc. has been negotiating this acquisition for nearly a year and management of TY Recycling, Inc. will assist in an orderly transition and future business development.

ABOUT THE COMPANY: Blue Gold Beverages is a leading producer of high end private label beverages in North America. The company is also on a mission 100% environmentally friendly and is actively pursuing all options to attain this very important mission.


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.

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