Be Active Holdings Amends Series B Convertible Preferred Stock
30 Aprile 2014 - 2:00PM
Marketwired
Be Active Holdings Amends Series B Convertible Preferred Stock
Insider Preferred Holdings Elects to Extend Conversion Further
Aligns Management with Common Shareholders
NEW YORK, NY--(Marketwired - Apr 30, 2014) - Be Active Holdings,
Inc. (OTCQB: JALA), a manufacturer and marketer of Greek frozen
yogurt under the Jala brand, announced the extension of the date on
which the Series B Convertible Preferred Stock would automatically
convert into such number of fully paid and non-assessable shares of
Common Stock as will cause the holders to own, along with other
securities of the Company beneficially owned on the conversion date
by them, 13.334% of the issued and outstanding Common Stock of the
Company to such date as determined by the Board of Directors. All
of the holders of the Company's Series B Share voted unanimously to
approve the Amendment.
This capital structure amendment and extension further aligns
management with Common Shareholders. The Company is well-positioned
with its recent capital raise and continues to ready all aspects of
its business from packaging and design to distribution and
placement.
About Be Active Holdings, Inc. Be Active Holdings, Inc. is a
manufacturer and marketer of Greek frozen yogurt under the Jala
brand. The Company manufactures and sells low fat, low calorie, all
natural probiotic enriched Greek frozen yogurt under the trade name
Jala. Its Greek frozen yogurt is packaged as low fat bars and
pints, which are designed to appeal to the health conscious or
weight conscious consumer. The Company produces high quality, low
fat, low calorie, all natural novelty frozen yogurt and ice cream
products. Its proprietary Greek frozen yogurt is all fat-free and
is a result of its proprietary recipe and the quality of the
ingredients in the mix. Learn more about Be Active Holdings, Inc.
at www.BeActiveBrands.com
Forward-Looking Statements Forward-Looking Statements. 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") (which Sections were adopted as part of the
Private Securities Litigation Reform Act of 1995). Statements
preceded by, followed by or that otherwise include the words
"believe," "anticipate," "estimate," "expect," "intend," "plan,"
"project," "prospects," "outlook," and similar words or
expressions, or future or conditional verbs such as "will,"
"should," "would," "may," and "could" are generally forward-looking
in nature and not historical facts. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance
or achievements to be materially different from any anticipated
results, performance or achievements. The Company disclaims any
intention to, and undertakes no obligation to, revise any
forward-looking statements, whether as a result of new information,
a future event, or otherwise. For additional risks and
uncertainties that could impact the Company's forward-looking
statements, please see the Company's Annual Report on Form 10-K for
the year ended December 31, 2013, including but not limited to the
discussion under "Risk Factors" therein, which the Company has
filed with the SEC and which may be viewed at
http://www.sec.gov.
Contact Information Sam Pugliese President
sam@beactivebrands.com 212-736-2310 Hayden IR hart@haydenir.com
917-658-7878
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