Home » Business News » 2011 » June » June 8, 2011

Blue Gold Beverages, Inc. Appoints Top Industry Executive as New Chairman of the Board

June 8, 2011 - Houston, Texas

Blue Gold Beverages, Inc. (PINK SHEETS: BGBV) is pleased to announce that Mr. Larry Latowsky has been appointed to the Board of Directors as the company's new Chairman.

Mr. Latowsky has over 25 years of experience in retail sales; some of his career highlights are as follows: President of Woolworths General Merchandise Divisions; President & CEO of Drug Trading Company (over 1500 franchised pharmacies); and President & CEO of the Katz Group Canada. During Mr. Latowsky's tenure as CEO, The Katz group grew into the 6th largest private company in Canada with a $5 billion dollar valuation and the second largest pharmacy network in the country. Mr. Latowsky led his company to many awards including being selected as one of Canada's Top 50 Managed Private Companies with special recognition from the Prime Minister of Canada.

For the past several years Mr. Latowsky has been Chairman and CEO of Endeavour Marketing and Communications generating revenues in excess of $30 million annually. Mr. Latowsky is the founder of Epic Nutrition Canada where he has combined his retail, distribution and marketing expertise to position Epic Nutrition for success. He has built long standing relationships in the food, drug and mass merchandiser sector that he is leveraging for the benefit of Epic Nutrition and now for Blue Gold Beverages.

His ability and foresight in negotiating licensing and distribution agreements, new product development as well as identifying synergistic acquisitions will greatly benefit Blue Gold Beverages, Inc., in its quest for accelerated growth.

"I am very excited to be appointed as Chairman of the Board of Directors of Blue Gold Beverages, Inc. and expect to make an immediate impact" comments Mr. Latowsky. "We have another acquisition under LOI as well as new product launches that we expect to announce shortly. We have also entered into a very significant distribution agreement in the USA for some of our new products that in the aggregate should generate revenues over the next 12 months well in excess of $10 million" Mr. Latowsky adds.

"Mr. Latowsky is one of the premier executives in the retail industry in North America with exceptional supply chain expertise and tremendous distribution contacts" says Daniel Solomita, President and CEO of Blue Gold Beverages, Inc. Mr. Solomita continues, "His extensive experience in product launches, product distribution and the retail market in North America will set Blue Gold Beverages apart from all other Beverage companies. We are ecstatic to have someone with Mr. Latowski's pedigree join our company.

ABOUT THE COMPANY: Blue Gold Beverages, Inc. is a leading high end producer of private label water and specialty beverages in North America. Some of our products include all natural sodas, teas, non-alcoholic wine coolers and energy drinks. Blue Gold Beverages head office situated in Montreal, Quebec, Canada, we use 3rd party bottling plants strategically located across North America depending on the geographical location of our clients. With the recent acquisition of TY Recycling, Blue Gold Beverages has entered into the polymer Recycling business, selling PET and Nylon waste. This is in-line with the company's strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value.


This press release contains forward-looking statements 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 (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.

Investor Relations


Comment on this story