RNVO started appreciating in value in slow measured steps... even pulling back every now and then. The stock appears to have solid footing in the $.002's and looks ready to test the $.003's.
Tuesdays Press Release confirms the growth strategy of the company, and the rise in stock price validates investor interest in this beverage start up.
This is a stock to keep on your radar.
Press Release Pasted Below.
Bebida Beverage: First Shipment of Piranha Spring Water Delivered to Distributor LAS VEGAS, Sep 30, 2008 (BUSINESS WIRE) -- Bebida Beverage Company, currently operating as Renovo Holdings (Pink Sheets:RNVO), announced that the first shipment of Piranha Spring Water was delivered to the company's distribution affiliate just before Noon today.
The company is pleased to announce that the first shipment of Piranha Spring Water has been delivered to the distributor. Delivery of this first shipment will now allow the distributor to begin working the product into retail locations.
Bebida is working to secure new orders with additional distributors in addition to direct negotiations with several major retail chains. With the first production run now produced, shipped and delivered, the company is working diligently to create rapid expansion of the products overall availability within retail distribution channels.
Additionally, the company is gearing up to launch a marketing campaign aimed at creating brand awareness and driving consumer demand for Piranha Spring Water.
Rodrigo Makarios, President of Bebida Beverage Company, stated, "Growth in sales will be driven not by orders from retailers and distributors, but rather from consumer demand for our products. Getting our products placed into the retail marketplace is wonderful, however, long lasting success of our products will be driven by consumer demand."
"The next step toward success will be to create strong brand awareness so that consumers meet us half way by actually looking for our products on retail shelves. The company will soon announce the first of several marketing efforts aimed at creating strong brand awareness within the targeted consumer market for Piranha Spring Water."
Safe Harbor Statement: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE: Bebida Beverage Company
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