LAS VEGAS, May 08, 2017 (GLOBE NEWSWIRE) -- Alkame Holdings, Inc. (OTC:ALKM), a publicly traded health and wellness technology holding company with a focus on patentable, innovative, and eco-friendly products, is pleased to announce that effective May 1, 2017, we have entered into a series of agreements under which we have acquired through an operating lease, the operating assets of Bell Foods International, Inc. (“Bell”) and simultaneously entered into a property lease for the manufacturing facilities of Bell.
Bell Foods International, Inc., based in Oregon, is a marketer, importer, manufacturer and customized co-packer of all natural, organic and gourmet specialty food products. Known for high quality and both large and small production capacities, Bell is a recognized and respected member of the food and beverage manufacturing community.
The deal is structured as an assumption of the operations of Bell via an initial 5-year lease of the manufacturing facility at below market rates, and a 5-year lease of the manufacturing equipment for $1.00 per year with an option to purchase at the end of the lease. In addition, Alkame will simultaneously acquire certain trademarks and brands from Bell, the customer list, accounts receivable, supplier list, production methods, and inventory.
This assumption of operations will add approximately $1.5 million in annual revenue to Alkame. In addition to the added revenue, all customers’ accounts, accounts payable and receivables, inventory, internet properties, and an extensive library of product formulations, along with the continuation to offer private label programs and customized co-packing solutions for a selected variety of specialty gourmet items. Along with the acquisition brings the ownership and title to the product expansion product offerings of the brands: Everyday Gourmet Fine Foods, Everyday Organic Fine Foods, Mr. Jalapeno, and NutraBell Gourmet Fine Foods
The “Everyday Gourmet” brand is Bell Foods signature product line since 2003. Under “Everyday Gourmet”, Bell Foods sells various products ranging from drink mixes, to all types of sauces and condiments, as well as jams, jellies and even pickled Green Beans, among many others.
Everyday Organic is Bell Foods organic certified label used for their certified organic products. Currently Bell Foods organic products include a drink mix called Agave Nectar.
Mr. Jalapeno – Bell Foods hot sauce brand and Jalapenos peppers. Current products include a green mild sauce called “Salsa Verde” which is an award-winning product.
Robert Eakle, Alkame CEO states "This is a major step forward for us. This acquisition puts Alkame Holdings one step closer to achieving our longer-term goals, by expanding our product offerings, and utilizes our patented water technology whenever possible. We can expand on our brands as well as our co-pack offerings with both hot and cold fill production capabilities for both beverage and food offerings. This acquisition fits nicely with our other subsidiaries, and longer term vision with our new facility and additional space. The possibilities really are becoming endless."
About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a publicly traded health and wellness technology holding company, with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly-owned subsidiaries market and distribute enhanced waters utilizing an exclusive patented formula and technology to create enhanced water with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, and by pursuing multiple applications to utilize its Intellectual Property by placement into several emerging business sectors, such as the growing aqua-culture industry, consumer bottled water and RTD products, household pet products, horticulture and agriculture applications, as well as many other various water treatment solutions to both new and existing business platforms.
For more information, visit www.alkameholdingsinc.com.
Disclaimer/Safe Harbor: 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 expectation that Alkame will achieve significant sales, 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 and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.