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Mouthwashes & Mouth Cancer - Dr Chris Steele Discusses
Big news for EQLB, COT, and ROX
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EQ Labs, Inc. (PK:EQLB) manufactures and markets energy drink products in the United States and Latin America. The company offers EQ Smart Energy Drink, a tablet that provides an instant energy drink once added to any beverage. EQ Labs, Inc. distributes its products through national and regional distributors.
Why would a company focused on improving the taste of medicine jump into the hyper-competitive world of energy drinks? Like most innovative ideas, the EQ tablet was developed to solve a problem, in this case as a FLAVORx initiative to help its employees stay awake and alert on long, cross-country business trips.
It worked so well that an energy drink soon was produced for consumers and here we are today. EQ's Smart Energy tablets are gaining consumer interest and that could be a combination of taste, and convenience, and even necessity. If you have ever sat behind a desk and had a hard time keeping your eyes open you will understand, this product was developed for you.
EQLB manufactures and markets energy drink products in the United States and Latin America. The company offers EQ Smart Energy Drink, a tablet that provides an instant energy drink once added to any beverage. EQ Labs, Inc. distributes its products through national and regional distributors.
Cott Corporation (NYSE:COT) recently reported that on July 30, 2010, the U.S. Department of Justice and Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (the HSR Act) for Cott's proposed acquisition of Cliffstar Corporation. As previously announced, Cott has entered into an Asset Purchase Agreement with Cliffstar to acquire substantially all of the assets and liabilities of Cliffstar and its affiliated companies. The purchase price is $500 million in cash, payable at closing, subject to adjustments for working capital, indebtedness and certain expenses. Cliffstar is entitled to additional contingent earnout consideration of up to a maximum of $55 million, the first $15 million of which is payable upon the taking of substantial steps toward upgrades of certain expansion projects in 2010, and the remainder is based on the achievement of certain performance measures during the fiscal year ending January 2, 2011. Cliffstar is also entitled to $14 million of deferred consideration which will be paid over a three-year period. The closing of the transaction remains subject to receipt of financing and other customary conditions. Expiration of the HSR Act waiting period satisfies one of the conditions of the transaction. The transaction is expected to close in the third quarter of 2010.
COT is one of the world's largest non-alcoholic beverage companies and the world's largest retailer brand soft drink company. With approximately 2,800 employees, Cott operates bottling facilities in the United States, Canada, the United Kingdom and Mexico. Cott markets non-alcoholic beverage concentrates in over 50 countries around the world.
Castle Brands Inc. (AMEX:ROX) recently reported that it has formed a joint venture with Drink Pie, LLC to manage the manufacturing and marketing of Travis Hasse's Original Apple Pie Liqueur, Cherry Pie Liqueur and any future line extensions of the brand.
The joint venture entity has the exclusive global rights to produce and market Travis Hasse's Original Pie Liqueurs and Castle Brands has the global distribution rights for this brand. Castle Brands' existing infrastructure, sales force and distributor network will be used to promote the brands. Under the terms of the agreement, Castle Brands will be paid a per-case fee and will acquire an increasing stake in the brand's value as volume increases.
ROX is a developer and international marketer of premium and super-premium branded spirits and wines. Castle Brands' portfolio includes Gosling's Rum, Pallini LimoncelloTM, RaspicelloTM and PeachcelloTM, Boru Vodka, Knappogue Castle Whiskey, Clontarf Irish Whiskey, Jefferson'sTM, Jefferson's Presidential SelectTM and Jefferson's Reserve Bourbon, Celtic Crossing Liqueur, Brady's Irish Cream, A. De Fussigny Cognacs and TierrasTM tequila. It also has a growing fine wine division.
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