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[QUOTE]Originally posted by jdblaze: [QB] Form 8-K for BRAVO FOODS INTERNATIONAL CORP 3-Aug-2005 Other Events, Financial Statements and Exhibits Item 8.01. Other Events. As used in this report, "we", "us", "our" or "the Registrant" refer to Bravo! Foods International Corp., a Delaware corporation. On July 29, 2005, Bravo! Foods International Corp. (the "Company") and Coca-Cola Enterprises, Inc. ("CCE") entered into a Letter of Intent (the "Letter of Intent") memorializing and confirming their intention, subject to due diligence, further negotiation and certain conditions, to enter into a stock purchase agreement pursuant to which CCE would purchase from the Company approximately 81,030,000 million shares of the Company's common stock at a purchase price of $0.16245 per share. If the purchase of shares under the stock purchase agreement closes, those shares, together with the shares of the Company's common stock subject to options (the "Options") previously granted to CCE by certain unaffiliated stockholders of the Company, would, if exercised, give CCE ownership of approximately 50.01% of the Company's issued and outstanding common stock, on a fully diluted basis. The Options to purchase approximately 68,990,224 shares of the Company's common stock, at net exercise price of $0.36 per shares was granted to CCE by unaffiliated stockholders of the Company on July 13, 2005. The common stock and the common stock underlying the securities (in the form of convertible notes, convertible preferred stock and warrants) that are subject to the Options represent approximately 23% of the issued and outstanding shares of the Company. The closing under the stock purchase agreement will also be subject to the Company and CCE entering into a master distribution agreement pursuant to which CCE would distribute the Company's products throughout the United States, its possessions, Canada and other countries in which CCE is licensed to bottle products of The Coca-Cola Company. There can be no certainty that the stock purchase agreement contemplated by the Letter of Intent will be entered into, or if entered into, the transaction contemplated by the stock purchase agreement will be consummated. Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits. (c) Exhibits. 99.1 Letter of Intent, dated July 29, 2005, between Coca-Cola Enterprises Inc. and Bravo! Foods International Corp. [/QB][/QUOTE]
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