Estimated retail locations that Blu-Dot is already selling in: 1500+ stores across the continent. (464 from the website list, 350 from Loblaws, 700 from the recent deal with VitaminShoppe). This is likely higher and could get to 2000 by summer. I spoke to management and the website is down for maintenance right now.
The Blu-Dot transaction was completed on December 5th, 2014, pursuant to the terms and conditions of a share purchase agreement dated November 24, 2014 entered into between the Corporation and the shareholders of Blu-Dot. All required and relevant disclosures with respect to the closing of this Qualifying Transaction on December 5, 2014 have been filed and are available on SEDAR. With this transaction Niagara Ventures Corporation (NVC) has enabled its longer term strategy as a North American based consumer packaged goods company focused on healthy and better for you consumer beverage and food products. NVC believes that by acquiring and building a portfolio of on trend brands and products, that operational, brand and marketing synergies will enable investee companies the opportunity to grow smarter, faster, more profitably and, with the right risk profile.
To enable this strategy NVC has put together a Board of Directors and Management team with extensive beverage and packaged food business experience combined with expertise for successfully funding and growing emerging growth businesses organically and via acquisitions. Blu-Dot as the first NVC acquisition is a Canadian Corporation based in Oakville, Ontario. Blu-Dot is in the business of providing refreshing, tea based, all natural and organic 2 beverages with protein and fiber content to customers for everyday use in support of a healthy lifestyle without compromising taste or quality. The Blu-Dot beverages are produced using a patent pending formula and process.
The Corporation acquired all of the issued and outstanding common shares of Blu-Dot (“Blu-Dot Shares”), where the equity valuation of Blu-Dot was determined and negotiated at $1,432,500. The Corporation issued 7,162,500 common shares from treasury based on a negotiated valuation of the Corporation’s common shares at a value of $.20 per share in exchange for acquiring the Blu-Dot Shares. The previous shareholders of Blu-Dot have an opportunity to receive an additional number of common shares of the Corporation up to 33% of the shares issued to them at closing based on the achievement of specific revenue and gross profit targets for the Blu-Dot business by December 31, 2015 The cash balance $1,366,014 has reduced from $1,808,934 at December 5, 2014 primarily as a result of the cash deployed to and utilized within the Blu-Dot business (approximately $416,617) and the payment of the transaction costs.
Goodwill arose based on the accounting for the Blu-Dot acquisition being the amount that the net assets and liabilities of Blu-Dot acquired were less than fair value of the share consideration paid. The book value of the Goodwill will be periodically reviewed on an ongoing basis and this balance will not otherwise be amortized. The common stock amount has increased by the value of the common shares issued from NVC treasury pursuant to the Blu-Dot acquisition. As well the Corporation issued 50,000 new common shares from treasury as partial compensation and payment for one of the professional firms that provided services to assist with the closing of the Qualifying Transaction. The cost of these shares has been recorded as a one-time transaction cost of $5,000.
Blu-Dot derives its revenues from sales of its beverage products to distributors and to certain larger retail store customers that it sells directly to. In the fiscal quarter ended February 28,2015 the Blu-Dot revenues were $99,274. To date the majority of Blu-Dot revenues have been to distributors and retail customers in the Canadian market. Within the Canadian market the revenues have a high degree of seasonality with the peak selling months being primarily April through October and the weakest revenues generated in the colder winter months especially December, January and February. The Company has been developing programs and marketing initiatives which it plans to introduce to its distributors and customers to assist in reducing the impact of seasonality on its sales revenues in geographies with colder seasons.
The Blu-Dot business now has listings with 5 Canadian regional distributors that focus on sales of the Blu-Dot product line to independent grocery and nutritional/health food stores in various regions of Canada. As well, Blu-Dot currently has developed direct relationships and listings with Loblaw’s, Longo’s and Sobeys in selected Canadian market segments.
Blu-Dot in the latter half of 2014 has readied for entry into the US market. The longer term US market potential is much more significant in size than the Canadian market and will also have the benefit of: a) less seasonality in the regions with milder/warmer winter seasons and b) enhanced gross profit margins from the positive impact of the US and Canadian dollar exchange rate differential. The Blu-Dot business has successfully initiated and achieved its first listing with one US based direct customer, The Vitamin Shoppe (a specialty national health food retailer) where the initial stocking order was sold and shipped prior to the acquisition by NVC. Ongoing re-orders from this customer are expected in future quarters.
During the quarter Blu-Dot entered a contractual relationship with KeHE Distributors, a large national specialty food and beverage distributor in the US market. The initial sales orders with KeHE will occur in the next fiscal quarter.
Blu-Dot’s revenue growth strategy for the next three years is focused on:
i) gaining ever increasing sales velocity from each existing distributor and customer relationships via “same store” revenue increases from each store that the Blu-Dot product is sold in.
ii) attracting new listings with additional new distributors and direct customers in Canada.
iii) attracting new listings with additional new distributors and direct customers in the USA with a primary focus on the northeast US markets .
Blu-Dot expects its revenues to grow significantly each quarter through the 2015 calendar year resulting from increasing revenues from existing relationships and new listings in both Canada and the USA from new distributors and new direct customers. The Blu-Dot business will monitor its performance in growing revenues in each of the three methods indicated above.
Based on its overall strategic plan, NVC expects to expand its overall business by; the 8 successful organic growth of each of its underlying brands and product lines as well as; acquiring (or investing in) additional brands and product lines, all within the healthy better for you beverage and foods consumer packaged goods sector. As such, as a significant component of its overall corporate strategy, NVC has established a strategic plan and process with the objective of identifying, soliciting, evaluating and closing additional future acquisitions that meet NVC’S objectives and criteria. The Blu-Dot acquisition was the first acquisition as part of this long term plan. NVC is currently and will continue to develop a pipeline of potential suitable acquisition/investment targets. The goal is to be in a position to move forward with the next acquisition within the next 12 to 18 months based on a number of criteria and milestones.
Mr. Ronald Stuart McEachern, also known as Ron, has been the Chief Executive Officer of Niagara Ventures Corporation since December 5, 2014 and serves as its President. Mr. McEachern has been the President of PepsiCo International for Asia since 2003. Mr. McEachern is responsible for PepsiCo's lines of business including Frito-Lay and Quaker Foods products, soft drinks, Tropicana Juices and Gatorade in China, India and all of the Asia Pacific Rim countries. Mr. McEachern served as Secretary of Niagara Ventures Corporation. He is a packaged goods and beverages industry expert. He has 23 year career at PepsiCo, where he led food and beverage operations in Canada, the US, Northern Europe and Asia. Until 2008, he served as the President of PepsiCo Asia and oversaw all aspects of the PepsiCo foods and beverages business for Asia including India, China, Japan, Australia and South Asia. He has been consulting with companies seeking to enter Asia. He was involved in the packaged goods industry with Procter and Gamble. He served at PepsiCo Asia from 1996 to 2008. He was an Independent Business Consultant. He served numerous PepsiCo assignments in North America and Europe including Senior Vice President for Canada and Central USA, President of Pepsi-Cola Beverages Canada and Region Vice President for Pepsi-Cola International in Western Europe. He joined PepsiCo in 1984. Mr. McEachern worked for Procter & Gamble Canada. He serves as a Director of Niagara Ventures Corporation. He serves as a Director of Pepsi-Lipton International, and Shanghai Pepsi-Cola Beverages Co. Ltd. in Mainland China. He served as a Director of Serm Suk Public Co. Ltd. (AKA Sermsuk Public Company Limited) until September 2011. He served as a Non-Executive Director of Pepsi-Cola Products Philippines Inc. He lectured on general management in China as an Adjunct Professor in a number of universities. Mr. McEachern holds an MBA in Finance and Marketing from York University in Toronto and a B.Sc in Biology from Queens University in Kingston, Ontario.
As well, the marketing director has a background from Molson and Pepsi:
Ms. Stacey Mowbray served as the Chief Executive Officer of The Second Cup Ltd. from June 2009 to February 24, 2014 and also served as its President until February 24, 2014. Ms. Mowbray served as the Chief Marketing Officer and Senior Vice President of Marketing and Branding at Cara Operations Ltd. She served as President of Cara Operations and also served as Vice President of Marketing at Pepsi Canada. She held several sales and marketing positions at Weston Bakeries. She has been a Director of Niagara Ventures Corporation since December 5, 2014. She served as a Director of Second Cup GP Inc. since March 11, 2008. Ms. Mowbray served as a Director of Second Cup Inc. - General Partner of Second Cup Royalty Income Fund. since March 11, 2008 and has been a board member of several industry associations over her career. Ms. Mowbray is a director of the Board for Trillium Health Partners, one of Canada’s largest regional hospitals. She is also a director for a privately held organization, Bonne O Holdings Inc. She has a Masters Business Degree from York University and a Bachelor of Business Administration from Wilfred Laurier University.
Other director bios:
Scott Anderson, director and chief financial officer -- Mr. Anderson is the president of the Catalyst Company (since 1998), which provides board, management and investment advisory services to emerging growth businesses. Previously he was the president and chief operating officer of the Rider Travel Group, a travel services business. Mr. Anderson has extensive public and private company board experience, including People Corp., Comcare Health, Sleep Country Canada Income Fund, Listen UP, Stevenson Memorial Hospital, Vickers & Benson and the Look Company. Mr. Anderson is a chartered accountant. Jeffrey Mores, director -- Mr. Mores is the founding principal of Mores & Company Inc., a boutique Canadian estate planning and life insurance firm. Mores is primarily focused on the successful transition of private family enterprises, either to the next generation or new owners entirely. Mr. Mores began his career in 1998 with London Life and in 2001 he co-founded and led the Western Canadian growth of IQ Partners, a Toronto-based executive recruitment firm. Mr. Mores has served on the advisory board of a number of charitable organizations, including Habitat for Humanity Toronto and Toronto East General Hospital Children's Emergency. Kevin Stratton, director, and president and chief executive officer of Blu-Dot -- Mr. Stratton is the founder and chief executive officer of Blu-Dot. He has held senior leadership positions for both large public companies and early stage start-up companies. In his most recent role prior to founding Blu-Dot, Mr. Stratton spent seven years in the power systems industry running various business units for one of the world's largest Caterpillar Power Systems distributors. Mr. Stratton holds a degree in engineering from Queen's University and a master of business administration from the University of Western Ontario. Scot Martin, director -- Mr. Martin is the co-owner, chairman and co-chief executive officer of youRhere Inc., a leader in the interactive segment of Canada's digital signage industry. Prior to joining youRhere, Mr. Martin spent 30 years as a corporate and investment banking professional, holding a number of senior positions in the industry, including: managing director and head of investment banking at Scotia Capital Markets; deputy chairman and co-head, Canadian relationship management, at Scotia Capital; vice-chairman, corporate and investment banking, at National Bank Financial; and partner at Blair Franklin Capital Partners. Mr. Martin serves and has served on the boards of a number of public and private companies and charitable organizations, including Discovery Capital Corp. and the Branksome Hall School Board of Governors and Foundation. Larry Phillips, chairman -- Mr. Phillips is the president of Corplex Management Services, providing corporate advisory services, and directorship to public and private companies. Mr. Phillips was a founder of Iamgold Corp. in 1990 and served as an executive officer of the company until his retirement as executive vice-president, corporate affairs, in June, 2011. Mr. Phillips is a graduate of Osgoode Hall Law School and a member of the Law Society of Upper Canada. He served as VP, corporate development, and general counsel of Iamgold from 1995 to 2005 and executive vice-president, corporate affairs, of Iamgold from 2005 to 2011. Mr. Phillips serves and has served on the boards of a number of public and private companies and charitable organizations, including Euro Resources SA, Gowest Gold Ltd., Compass Gold Corp., the World Gold Council and Toronto East General Hospital. Also some websites with feedback on the product:
DISTRIBUTION AGREEMENT SIGNED WITH LARGE US BASED DISTRIBUTOR
Niagara Ventures Corporation subsidiary Blu-Dot Beverages, creators of Blu-Dot Protein Tea, has announced a distribution partnership with KeHE Distributors, LLC, the second largest distributor of natural and gourmet food products.
Distribution by KeHE will bring Blu-Dot Protein Tea onto shelves in large and medium-size retail stores in the North Eastern and Southern markets of the U.S. KeHE operates 12 warehouses throughout the U.S., Canada, Mexico, the Caribbean, and Central and South America, distributing over 38,400 SKUs in the natural food channel. Working with more than 3,500 manufacturers, importers, and other supply partners, KeHE has been a leading member of the natural and organic product community since 1972.
“We are very excited to be working with KeHE as it will allow us to greatly expand the availability of Blu-Dot in the US,” said Kevin Stratton, CEO/Founder of Blu-Dot Beverages. “With the growing demand for Blu-Dot, it made sense for us to partner with a large well known distributor such as KeHE.” Blu Dot currently has distribution nationally in the United States through the Vitamin Shoppe. About Blu-Dot Beverages Blu-Dot Beverage Company is a fast growing provider of “better-for-you” beverages in support of a healthy lifestyle.
Our unique lines of all-natural Protein Teas are already available across Canada and in some parts of the United States About Niagara Ventures Corporation Niagara Ventures Corporation is a North American consumer packaged goods company focused on healthy and/or better-for-you beverage and foods. Niagara believes that by acquiring and building a portfolio of on-trend brands, that operational and brand synergies will enable investee companies the opportunity to grow smarter, faster, more profitably, and with the right risk profile.
About KeHE Distributors, LLC KeHE Distributors, LLC based in Naperville, IL, provides Natural & Organic, Specialty & Gourmet, International & Multicultural and Fresh products to over 30,000 retail outlets throughout North America. For more information about KeHE, visit www.kehe.com.
FORWARD LOOKING STATEMENTS Except for statements of historical fact relating to the Corporation, certain information contained herein may constitute forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statements. FOR FURTHER INFORMATION, PLEASE CONTACT: Scott Anderson, NVC Director: (647) 882 2645 or Scotta@catalystcan.ca Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
News: Niagara Ventures Announces Executive and Board Changes Date:
June 22, 2015 Niagara Ventures announces Executive and Board changes as it continues its growth and advancement of its strategic vision In December 2014 Niagara Ventures Corporation (NVC) completed its Qualifying Transaction with the acquisition of Blu-Dot Beverages. NVC is now an operating business focused on growth and success in the healthy and/or better for you consumer beverage and food business. To strengthen its financial leadership, NVC today announces the appointment of John Ross as Chief Financial Officer (CFO), effective June 22nd 2015. Mr. Ross has extensive financial operational expertise as well as public company experience, particularly focused on emerging growth stage businesses. As CFO he will report to Ron McEachern (NVC’s CEO) and also be active in the key financial and operating activities for NVC’s subsidiary Blu-Dot working closely with the Blu-Dot CEO. John will succeed Scott Anderson who served as the NVC CFO during the non-operating stage of NVC as a CPC (Capital Pool Company). Mr. Anderson will remain as an active Director of NVC and will now become an independent member of the board. “John Ross is an accomplished executive with significant financial and operations expertise, including as a CFO, and will be an exceptional addition to our team. “said Ron McEachern, Director and NVC CEO. Jeffrey Mores has resigned as the Chair of the Audit Committee and is to be replaced by Scott Anderson. As well, NVC regrettably announces the resignation of Stacey Mowbray as an independent Director, effective June 22nd 2015. Ms. Mowbray resigned in order to focus her attention on her expanding role as President of Weight Watchers Canada and South America that requires extensive time commitments and travel. The NVC Board sincerely thanks Ms. Mowbray for her service and wishes her well in her future endeavours.
About Niagara Ventures Corporation Niagara Ventures Corporation is a North American consumer packaged goods company focused on healthy and/or better-for-you beverage and foods. Niagara believes that by acquiring and building a portfolio of on-trend brands, that operational and brand synergies will enable investee companies the opportunity to grow smarter, faster, more profitably, and with the right risk profile. FORWARD LOOKING STATEMENTS Except for statements of historical fact relating to the Corporation, certain information contained herein may constitute forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statements. FOR FURTHER INFORMATION, PLEASE CONTACT: Jeffrey Mores, NVC Director: 416.560.9139 or Jeff@jeffmores.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
Blu-Dot now selling in Las Vegas at Vitacost. This store is also an international seller of goods, please see the links below:
Keep in mind that year end results will be out next week and Q4 was when most of the US based deals were done. We'll need to wait for Q1 to see what kind of impact the partnership with KeHe has had on sales.
Press Release – FOR IMMEDIATE RELEASE Contact: Jeffrey Mores, Phone: (416)560‐9139 Email: email@example.com August 10, 2015 TSX‐V: NVC Niagara Ventures Corporation Announces Blu‐Dot Executive Appointment Niagara Ventures Corporation (TSX VENTURE: NVC) subsidiary Blu‐Dot Beverage Company Inc., creators of Blu‐Dot Protein Tea announces the appointment of Mr. Jeffrey Mores to the role of General Manager of Blu‐ Dot, effective August 10, 2015. In the role of General Manger, Mr. Mores will report to Mr. Ron McEachren CEO of NVC and will be responsible for all of the day‐to‐day operations of Blu‐Dot including all Sales, Marketing and Production functions. He will continue the key strategic focus on driving volume growth of Blu‐Dot Protein Teas through our key customers and distribution partners, and enhancing the Blu‐Dot Protein Tea brand across multiple platforms including in store, social media and events. As a founding director of NVC, Mr. Mores has been actively involved in all aspects of the Blu‐Dot acquisition and oversight, and has deep knowledge and understating of the operational and sales strategies of the business. Jeff has a track record of successful private businesses in financial services and consulting. Kevin Stratton has decided to step down effective immediately as President and CEO of Blu‐Dot to pursue other interests, however Mr. Stratton has agreed to remain under contract as an advisor to the business until the end of the calendar year. As the founder of Blu‐Dot, Mr. Stratton envisioned a marketplace for Functional RTD Tea beverages and successfully developed, launched and grew the business into a new burgeoning market vertical. Blu‐Dot would like to thank Mr. Stratton for all of his commitment and dedication to the business over the last three years and we look forward to his continued involvement and support.
Blu-Dot is making more ground by going into King Scoop stores, which are owned by Kroger Co. Kroger is a fortune 500 group and I believe our Pepsi CEO is really helping us gain ground with new deals and distribution.
All these were added within the last year. Blu-Dot had over 1,400 locations prior to the Loblaws deal last August and since the they added London Drugs, several smaller Canadian independents, and then a whole whack of US retailers with the help of KeHe, the second largest distributor in the USA. There should be at least 2,500 locations across the continent selling Blu-Dot, or else if not in store, the online presence is very strong. There are many review sites that also display the product, but I did not include them.
Blu-Dot Beverages Announces Distribution Partnership with KeHE Distributors, LLC May 22 15 Niagara Ventures Corporation subsidiary Blu-Dot Beverages has announced a distribution partnership with KeHE Distributors, LLC. Distribution by KeHE will bring Blu-Dot Protein Tea onto shelves in large and medium-size retail stores in the North Eastern and Southern markets of the U.S.