Blue Gold Beverages, Inc.

December 01, 2010 09:02 ET

Blue Gold Beverages, Inc.: TY Recycling Acquisition Goes to Final Contract

HOUSTON, TEXAS--(Marketwire - Dec. 1, 2010) - Blue Gold Beverages, Inc. (PINK SHEETS:BGBV) is pleased to announce that the company has gone to contract for the purchase of One Hundred Percent (100%) of the common shares of TY Recycling, Inc., a Canada based Polyethylene Terephthalate (PET) and Nylon Recycling company. The company is being acquired for Ten Million Shares (10,000,000) of restricted common stock of Blue Gold Beverages, Inc. The transaction has an agreed upon value of $600,000.

The Recycling contracts and their total revenue along with the net profit value to Blue Gold Beverages will be announced as soon as the transaction is completed. It is the intention of Blue Gold Beverages, Inc. to merge TY Recycling into its' operations by the 3rd day of December.

With the definitive agreement executed, Daniel Solomita, President and CEO stated, "We are extremely pleased to enter the recycling industry as a part of our company's overall commitment to improve the environment and reduce the company's carbon footprint. We welcome the previous owners of TY Recycling to the BGBV shareholder group and appreciate their confidence in us to extract maximum value from these special resources. This all stock deal reflects the value placed on BGBV and it beverage business. Employees of both companies are coordinating efforts to ensure a smooth transition. We will be releasing reports on the positive economic impact of this acquisition to our company and its' shareholders."

ABOUT THE COMPANY: Blue Gold Beverages, Inc. is a leading high end producer of private label water and specialty beverages in North America. Some of our products include all natural sodas, teas, non-alcoholic wine coolers and energy drinks. Blue Gold Beverages head office situated in Montreal, Quebec, Canada, we use 3rd party bottling plants strategically located across North America depending on the geographical location of our clients. With the recent acquisition of TY Recycling, Blue Gold Beverages has entered into the polymer Recycling business, selling PET and Nylon waste. This is in-line with the company's strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value.


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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