LDHG news!!! News - Liberty Diversified Holdings, Inc. Clarifies Plans for Acquisition of Assets of Two Water Companies and Announces Intent to Refocus Its Corporate Direction Exclusively on Premium Bottled Water Industry
PR Newswire "US Press Releases "
ORANGE, Calif., Nov. 19 /PRNewswire-FirstCall/ -- Liberty Diversified Holdings, Inc. (Pink Sheets: LDHG) has issued a statement of clarification regarding a recent press release in which it announced its intention to enter the premium bottled water business. Ronald C. Touchard, Liberty's Chairman and CEO, stated the following, "Over the past few days we have received a large number of inquiries regarding last week's press release in which we announced that we have signed a Letter of Intent to acquire of the assets of two premium water companies. The comments we have received from both our existing stockholders and from the market at large have been overwhelmingly enthusiastic, and also indicated that further clarification was needed to explain the purpose and strategy behind these actions."
"We want to make it clear that upon completion of these acquisitions, Liberty intends to devote 100% of its efforts toward becoming a major player in the premium bottled water industry, with an initial focus on a full line of nutrient-enhanced water products including those enhanced to provided vitamin support for general health, a diet formulation for weight watchers, an immune booster, and an energy and fitness drink. This line of bottled water beverages stands apart from all others in that they are the only nutritional water formulations that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water. Furthermore, these beverages are created using a superior patented process, these products have already been successfully beta tested, and judging by Coca-Cola's recent $4.2 billion buyout of VitaminWater, today's market appears to be quite thirsty for pure and organic healthy water products."
"We also want to make clear that upon completion of the final agreements there will be a change of control of the company as well as a change in the company's corporate structure. A new Board of Directors will be formed and the Executive Team currently running the target companies whose assets we will purchase will assume those same positions at Liberty. These executives are seasoned veterans in every aspect of the water business and have developed water companies around the globe, including Hawaii, Micronesia, Indonesia, the Philippines, Israel, Egypt, Germany, and several companies in the U.S., and we are very confident that they can provide the leadership and direction needed to help our company become the next huge success in this industry. Our current officers and Board Members will also remain with the company in a limited capacity, to assure a smooth transition and provide a modicum of continuity into the foreseeable future. We expect to finalize these acquisition within the next few days and additional details will be made available at that time. Needless to say, we are very excited about our new direction and anticipate a fast transition and a speedy entry into this dynamic new market."