USA: Bootie Beer Corporation enters into 10 million share private investment agreement
Bootie Beer Corporation, a brewer of premium malt beverages, Bootie Beer and Bootie Light, announced on January 31 it has entered into a private investment agreement with a European investment group for the purchase of 10 million shares of stock issued by the Company pursuant to Regulation S. The Company expects to close on the sale by the end of February 2006.
"The investment agreement and financial relationship is an exciting and positive step towards achieving the Company's business model objectives and enhancing shareholder equity. The European investment group is a big endorser of the Bootie Beer business model, resulting in indications of follow-on financing to support our growth strategy," stated Tania M. Torruella, CEO of Bootie Beer Corporation.
Bootie Beer and Bootie Light are being enthusiastically received by beer wholesalers and retailers across the country, resulting in acquisition of significant contract distribution agreements. According to Paul Beleckas, President of Bootie Beer Corporation, distributors and retailers are making financial and human resource commitments to the promotion and shelf placement of Bootie Brands. As a result, the Company intends to support their distributor and retailer efforts, by allocating much of the proceeds to advertising and marketing to increase consumer demand and revenues in their territory.
About Bootie Beer Corporation
Bootie Beer Corporation conducts its brewing and packaging operation in La Crosse, Wisconsin. Bootie Beer and Bootie Light compete in the premium beer and premium light beer category. Bootie Brands are brewed with fresh, all-natural ingredients, the finest hops and grains, and ultra-pure local artesian water drawn from the deep Wisconsin wells. The result of the high-quality brewing processes gives Bootie Beer a full-body, smooth lager taste. Bootie Light is seriously light with only 2.6 carbohydrates and 95 calories resulting in a refreshing, crisp light-body beer. Bootie Brands have an outstanding mainstream beer taste and are brewed with uncompromised quality.
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