SOURCE: Global Beverage Enterprises Inc.

April 21, 2008 16:03 ET

Global Beverage Announces a Private Placement

POMPANO BEACH, FL--(Marketwire - April 21, 2008) - Global Beverage Enterprises Inc. today announced that it is filing a private placement (the "Private Placement") of 1,000,000 common shares of the company at $1.00 per share ("the Share") in order to raise gross proceeds of $1,000,000.00.

These proceeds will be used for operating capital to expand Global Beverage Enterprises 4-1/2 Star BEVNET Rated Caribbean beverage, "The Original Mabi Drink®," across the United States, Canada, Puerto Rico and The Dominican Republic.

Global Beverage Enterprises Inc. owns the proprietary formulations and trademarks for "The Original Mabi Drink®," "Cool Cow Sparkling Dairy Drinks™," "Mr. Q-Cumber™" and "Sweet Blossom™" rose soda.

Based in Pompano Beach, Florida, Global Beverage Enterprises, with the assistance of well-known distributors like GOYA FOODS, INC., is poised to lead the new emerging beverage category of "Ethnic Beverages" targeting tens of millions of consumers who are actively seeking these hard-to-find products.

Additional information can be found at www.globalbeverageenterprises.com

ABOUT GLOBAL BEVERAGE ENTERPRISES INC.: Founded in 2003, Global Beverage is a developer of unique and healthy beverages. In addition to the development of "The Original Mabi Drink®," Global has also developed "Cool Cow Sparkling Dairy Drinks™," America's only shelf-stable milk-based sparkling dairy beverage line. With obesity in children the #1 issue today, this unique beverage is targeted to moms and kids who are seeking out alternative drinks to unhealthy sodas.

ABOUT GOYA FOODS, INC.: Founded in 1936, Goya Foods, Inc. is America's largest Hispanic-owned food company. Goya Foods, Inc. manufactures, packages and distributes more than 1200 high quality food products, including: canned and dry-packaged beans, rice and rice mixes; nectars; seasonings; and authentic Latin specialties. Goya products have their roots in the culinary traditions of Hispanic communities around the world; their combination of authentic ingredients, robust seasonings and convenient preparation make them ideal for every taste and every table. For more information on Goya Foods, please visit www.goya.com.

Contact Information

  • For additional information, please contact:
    Mr. Jeff Kaplan
    President
    (954) 793-0637