NEW YORK, NY -- (Marketwire) -- 08/17/09 -- Full Motion Beverage, Inc. (PINKSHEETS: FMBV) announced it has completed the acquisition of Mojito Brands, Inc. Mojito is the producer and creator of MOJAVA, an all natural RTD coffee beverage with zero fat and low carbohydrates.
Coffee consumption in the United States is a 60 billion dollar per year business. According to National Coffee Drinking Trends report published by The National Coffee Association of U.S.A. Inc. (NCA), daily coffee consumption has surpassed soft drinks in market penetration for the first time in twenty years (2007), making coffee America's most popular beverage after water.
Under the terms of the agreement, FMBV purchased 100% of Mojito Brands and its registered trademark MOJAVA. The acquisition gives FMBV an entry into the $1.2 billion dollar RTD specialty coffee market. MOJAVA will be marketed through FMBV's wholly owned subsidiary, Performaxx Brands, Inc. ("Performaxx") and Dean Petkanas will remain on board as a director of FMBV.
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About Full Motion Beverage, Inc.
Full Motion Beverage is a diversified beverage company that owns, develops, markets and exclusively imports brands in the alcohol and non-alcohol sectors of the beverage industry.
For more information, please visit: www.fullmotionbeverage.com.
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