Puget Technologies Completes Acquisition of Energy Supplement Manufacturer

Before you go, we thought you'd like these...
Before you go close icon

Puget Technologies Completes Acquisition of Energy Supplement Manufacturer

HOUSTON--(BUSINESS WIRE)-- Puget Technologies (OTCBB: PUGE) announced today it has entered the growing energy drink sector through the acquisition of B-29 Energy Inc. B-29 is an emerging leader in the dynamic energy supplement market.

According to a report by Packaged Facts, the dynamic sales growth of energy drinks and shots - 60% between 2008 and 2012 - is expected to continue its momentum in coming years. Total U.S. Sales for the energy drink and shot market was worth more than $12.5 billion in 2012 and is anticipated to grow to $21.5 billion by 2017.

President and CEO of Puget Technologies Ron Leyland said, "Although energy drinks are an extremely competitive product category, the industry is still in its early stages with robust potential for expansion." He added, "We are confident that with product innovation we will be able to capture a healthy market share within a short time."

Last week Medill Reports Chicago informed that while soda sales have remained sluggish, Monster Beverage Company, Red Bull and Rockstar volumes jumped 19.1 percent, 17 percent and 8 percent, respectively.

B-29 Energy currently offers two flavors of carbonated beverages and a two-ounce energy shot. All three contain a host of vitamins and minerals along with epimedium, a centuries-old traditional Chinese remedy believed to be a natural aphrodisiac.

More information about B-29 Energy can be found at www.b29energy.com.

About Puget Technologies (PUGE)

Puget Technologies is a publicly traded company on the OTCBB Market stock exchange under the ticker symbol PUGE. Headquartered in Ft. Lauderdale, Florida, Puget Technologies acquires, develops and sells leading edge consumer oriented products ready for rapid commercialization. Puget plans to become a recognized market leader in its product categories. Much of its resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Puget Technologies
Ron Leyland, 954-332-2471

KEYWORDS:   United States  North America  Texas


The article Puget Technologies Completes Acquisition of Energy Supplement Manufacturer originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading