Marshall Holdings International, Inc. Announces Negotiations to Acquire Vitality Beverage, and Prepares to Enter the 5.4 Billion Dollar Energy Drink Market
Marshall Holdings International, Inc. (OTCBB: MHLI)
MHLI announces its intentions to acquire Vitality Beverage, the parent company of the “SOCKO” energy drink. Marshall currently distributes SOCKO in Nevada, Utah, Wyoming, California, and Mexico. Elwood Sprenger continues to open new channels of distribution for Socko.
Vitality Beverage controls and distributes Socko Energy Beverage, one of the fastest growing new Energy drinks in the Industry. It has national and international distribution. SOCKO is involved with co-branding in Wal-Mart, Circle K stores, GNC, and various convenience stores. New distribution locations will be announced as they open.
Elwood Sprenger; Chairman Marshall Holdings International, said, “This is a perfect fit for our already core business. The Energy drink market since 2001 has grown 50% year over year and currently is a 5.4 billion dollar market in 2007. Goldman Sachs and Mintel predict that it will hit $10 billion by 2010. Diet energy products are growing at twice the rate within this category and Socko has the best diet energy drink product I have ever tasted. Our focus will be to increase our involvement of Vitality Beverage and charge ahead to significantly expand its market presence.”
Additional Information for Vitality beverage Socko Energy can be found at www.sockoenergy.com.
FORWARD-LOOKING SAFE HARBOR STATEMENT
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that MHLI may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
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SOURCE: Marshall Holdings International, Inc.