Convenientcast, Inc. Acquires Beverage Manufacturer of Lean Slow Motion Potion™; One of the Nation's Fastest Growing Relaxation Beverages in the Market
HOUSTON, Feb 15, 2012 /PRNewswire/ -- Convenientcast, Inc. (NASDAQ-OTCBB: CVCT) acquired The DSD Network of America, Inc. d/b/a Dewmar International on October 28, 2011. The sales revenue of this blossoming beverage manufacturer has gained substantial steam over the past three years. Convenientcast, Inc. is now the proud owner of Lean Slow Motion Potion™ relaxation beverage, one of the leading, if not the leading relaxation beverage on the market today as it pertains to gross sales in the past two consecutive fiscal years. IBISWorld, a pronounced beverage industry research firm, estimates the relaxation beverage industry revenue grew at a 68.7% annualized rate over the past five years, including a 49.5% increase from 2010 to 2011 to a total $73.7 million.
Convenientcast, Inc.'s CEO & President, Marco Moran, DPh, MBA comments, "This is a mutually beneficial transaction between both companies that puts us in a position to rapidly increase the presence of an already successful beverage brand to tens of millions of consumers worldwide via traditional distribution methods as well as via a number of online sales / social media mechanisms that allow us to ship product to retail consumers worldwide that aspire to Get their Lean On!" Dr. Moran, goes on to say, "More importantly, I'm glad to know that we can play an important role in partnering with medium to large U.S. based distributors to help them improve their bottom line by offering non-alcohol brands with higher than average profit margins. We continuously work closely with their sales teams to gain dominant market share of the category throughout their existing exclusive territories."
Growing per capita disposable income and demand from convenience stores and other retail outlets is projected to benefit the Relaxation Drink Production industry in the next five years up to 2016, according to a new report released from IBISWorld. Existing companies are already signing nationwide distribution deals, which indicate market acceptance and familiarity with relaxation drinks.
About Convenientcast, Inc.
Convenientcast, Inc. is a corporation headquartered in Las Vegas, NV with satellite offices in Houston, TX and Clinton, MS that engages in the manufacture, distribution and wholesale of products within the relaxation beverage category. Since the 2009 fourth quarter launch of its flagship product, Lean Slow Motion Potion™, sales have equated to approximately $4 million dollars to over 50 distributors in at least 28 states as well as in Mexico. Lean Slow Motion Potion™ is dubbed the most popular niche consumer brand of non-alcohol relaxation beverage on the market today that was formulated by a registered licensed pharmacist. Recent corporate strategies have been focused on the marketing and distribution of Lean Slow Motion Potion™ to accommodate the growing demand for the product. Convenientcast, Inc. is also currently working to develop additional proprietary beverage and edible products to add to its line that will complement Lean Slow Motion Potion™.
"This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, general economic conditions and the impact of competitive pricing. In light of these uncertainties, the forward-looking events referred to in this release might not occur."
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