Be Active Holdings Management Team Directly Invests $250,000
10 Giugno 2014 - 2:00PM
Marketwired
Be Active Holdings Management Team Directly Invests $250,000
Unregistered Equity Infusion Provides Capital to Re-Launch Jala
Brand Demonstrates Insiders Enthusiasm and Confidence
NEW YORK, NY--(Marketwired - Jun 10, 2014) - Be Active Holdings,
Inc. (OTCQB: JALA), a manufacturer and marketer of Greek frozen
yogurt under the Jala brand, is pleased to announce its final
closing on a $2,050,000 financing. Sam Pugliese and Joseph Rienzi
of the Company's management have invested an aggregate of $250,000
on the same terms as the Offering, to accredited investors.
The unregistered equity infusion provides capital to re-launch
its Jala brand, a low fat, low calorie, all natural probiotic
enriched Greek frozen yogurt designed to appeal to the health
conscious or weight conscious consumer. Be Active Holdings' Founder
and President Sam Pugliese was previously President of Skinny Cow
ice cream brand which was sold to Nestle for $76 million.
Sam Pugliese, Founder and President, stated, "Our team has
worked very hard these past few months in readying all aspects of
our business from packaging and design to distribution and
placement. The final piece was gaining access to capital to enable
us to re-launch our Jala brand. We are now in position to execute
on our growth plan. Further endorsing our enthusiasm is the fact
that our management team has participated with a $250,000
investment of our own at the same terms of the offering."
Joseph Rienzi, Secretary, stated, "We are very excited about the
re-launch of Jala and the recent progress we have made from the
formulations and packaging to the distribution and retail slotting.
We are confident that consumers will enjoy and demand our Jala
branded Greek frozen yogurt. Sam and I investing $250,000 alongside
our investment group and shareholders, demonstrates our enthusiasm
and confidence in Jala."
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 Stephen
Hart Hayden IR hart@haydenir.com 917-658-7878
Grafico Azioni Be Active (CE) (USOTC:JALA)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Be Active (CE) (USOTC:JALA)
Storico
Da Mag 2023 a Mag 2024