SOURCE: O.C. Beverages, Inc.

January 25, 2011 08:00 ET

O.C. Beverages Announces Major Spinout and Dividend

IRVINE, CA--(Marketwire - January 25, 2011) - O.C. Beverages Inc. (PINKSHEETS: OCBG) announced today a major reorganization, subsidiary spinout and share dividend for its shareholders.

OCBG shareholders have approved a spinout of its beverage subsidiary, Quantum Health Beverages, Inc. Quantum Health Beverages, Inc. plans to file an S-1 Registration to become a fully reporting company with the Securities and Exchange Commission and plans to be listed on the over-the-counter markets. Each shareholder of record of OCBG as of January 19, 2011 will receive 1/4 of one share of Quantum Health Beverages, Inc. for each share of OCBG they own. Quantum Health Beverages, Inc. has already completed a PCAOB certified audit and plans to file the S-1 Registration statement sometime in February of this year. OCBG plans to pursue an S-1 Registration and certified audit in the coming months. The new OCBG's major shareholders are also conducting negotiations to merge with another company.

Management and major shareholders decided it was in the best interest of the shareholders to place all non-alcoholic beverages in one company and unwind its Spirit operations. According to current OCBG CEO, Lee Danna, this allows the Quantum Health Beverage Company with all of its health based beverages, to focus on Health Beverages exclusively and implement its Health Beverages distribution plans. Shareholders will benefit by having a stake in each company.

OCBG CEO Lee Danna stated, "This is a major win for our shareholders!" As of January 31, 2011, all OCBG shareholders of record will be issued the Quantum Health Beverages dividend and will dramatically increase their value in OCBG. Early estimates appear to be a reduction of approximately 22 million shares outstanding. The company will make an announcement once the shares are finalized.

Quantum Health Beverages will be managed by Chairman and Co-CEO Steve Xirinachs and President, COO and Co-CEO Lee Danna.

About O.C. Beverages, Inc. (OCBG)
Headquartered in Irvine, CA, O.C. Beverages is currently in the Non-Alcoholic Beverage and Alcoholic Beverages Industries. The company will announce its merger as soon as possible.

Contact Information

  • For more information about O.C. BEVERAGES, INC.

    Contact:
    Hank Zemla
    Phone: 1-586-801-9002
    E-MAIL: Email Contact