LAS VEGAS and MIAMI, July 7, 2009 (GLOBE NEWSWIRE) -- Fuego Enterprises Inc. (OTCBB:FUGI) announces a major development in its substantial investment in Beverage Plus, a Nevada Corporation, which recently completed its public company listing on the USA Over the Counter Pink Sheets. Its stock has been trading at an average price of fifty cents per share on very light trading. Fuego owns 405,859 common shares in the Beverage Plus Holding Company, a Pink Sheets publicly traded company having a controlling interest in Beverage Plus. Fuego also owns 405,859 common shares of Beverage Plus AG, a Swiss company also having a minority ownership interest in Beverage Plus. Beverage Plus AG is also in the process of completing its listing on the German Stock Exchange and has announced its opening price per share at 2.25 Euros or USD 3.13. Fuego's shares in Beverage Plus AG are also registered with Clearstream Banking AG in Frankfurt, Germany and were delivered to us in anticipation of free trading status on the European stock market. It is estimated that this additional public listing and trading platform will be achieved in August, 2009.
Beverage Plus is the exclusive distributor of beverages produced by Ronald Serota, owner of the beverage formulas developed by 40-year beverage industry veteran Hugh White and the RoubiDoux Beverage Co. of Warrenton, Missouri, USA. Beverage Plus is selling its products in Europe, Africa and the United States.
Beverage Plus carries a product line including over 40 beverages including energy drinks, liquid concentrate coffee, fruit juices, vitamin-enriched sports drinks, sodas and flavored water. Beverage Plus is the exclusive world-wide distributor of MC2 Energy Drink which is formulated to taste great, quench thirst, and provide a boost of energy. MC2 Energy Drink comes in two distinct flavors: Berry Blue and Cherry Red; available in 8.4 fl. oz. (250 ml) and 16 oz. (480 ml) cans. MC2 Energy Drink is currently available in the United States through supermarkets and convenience stores. A three-gallon bag of energy drink syrup is also available for distribution worldwide and when dispensed through a fountain machine makes the equivalent of 422 cans of energy drink per bag.
About Fuego Enterprises, Inc.:
Fuego Enterprises, Inc. is a diversified holdings company with operations in media and entertainment, telecommunications, and other industries currently under development. Fuego Entertainment is based in the U.S. with a focus on Latin markets and the potential to enter trade with Cuba once restrictions are lifted. For more information, please visit Fuego Enterprises at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Enterprises, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.