CME Realty, Inc. Discusses Acquisition of Rock N Roll Imports and Premium Tequila Market
(firmenpresse) - WESTON, FL -- (Marketwired) -- 05/13/15 -- CME Realty, Inc. (OTCBB: CMRL) ("CME Realty" or the "Company") is pleased to provide additional information regarding its proposed acquisition of Rock N Roll Imports, Inc. ("RNR"). As per the previously announced Letter-of-Intent entered into between the parties, CME Realty intends to acquire all of the outstanding shares of RNR capital stock from its sole shareholder, in exchange for the issuance of 50,000,000 restricted shares of common stock of the Company. Contemporaneously therewith, Kenneth McLeod, the holder of 50,000,000 currently outstanding restricted shares of CME common stock, will contribute those shares to the Company's capital.
Founded in 2009, RNR is a California-based developer of alcoholic beverages, as well as a licensed importer and distributor of beer, wine, and distilled spirits manufactured by others. RNR's mission is to establish itself as an international brand associated with rock 'n roll music. RNR's primary product is mid-priced premium tequila manufactured using only 100 percent pure agave tequila imported from Mexico, marketed under the Rock n Roll Tequila brand. Rock n Roll Tequila provides a crisp taste and smooth finish and is generally recognized as being comparable to much higher priced premium tequilas. RNR also offers a variety of flavored tequilas targeting the underrepresented female market segment.
RNR's sales and marketing approach employs several unique patented and trademarked strategies that we believe greatly enhance Rock n Roll Tequila's appeal to consumers, retailers, and distributors. Rock n Roll Tequila is sold in distinctive guitar shaped bottles that offer great shelf appeal and are easy to recognize in liquor stores and bars. These well-priced "cool" bottles make ideal gifts and collectible items. RNR is also developing additional patent-pending products and proprietary promotional intellectual property.
RNR currently sells its products principally in its northern California home market and on a limited basis in several other states through distribution partnerships. RNR intends to expand nationwide and internationally with an aggressive market penetration strategy in 2015. Since 2002, U.S. imports of tequila have grown 92% -- an average rate of 5.6% per year. In 2014, tequila suppliers sold 13.8 million 9-liter cases in the United States for in excess of $2.1 billion.
Kenneth McLeod, President of CME Realty, stated, "The market for tequila within the United States continues to expand and the Rock n Roll Tequila brand appears very well positioned to take advantage of this growth trend. We feel the company's distinctive collectible bottle designs and association with music gives them a unique advantage over other mid-priced tequila brands, particularly as they expand distribution and marketing nationwide."
For additional information about Rock n Roll Tequila, visit .
As outlined in the Letter of Intent, the closing of the proposed acquisition of RNR is subject to various terms and conditions, including the drafting, negotiation, and execution of definitive transaction documentation, the completion of satisfactory due diligence, preparation of required audited and unaudited financial statements for RNR, and securing certain financing. There can be no assurance that any transaction will be completed as proposed or at all. If CME Realty is able to successfully complete the acquisition of RNR, RNR will become a wholly-owned subsidiary of the Company and the Company's ongoing business efforts would be focused on developing and expanding RNR's business.
CME Realty, Inc. (OTCBB: CMRL) is a fully reporting company with the Securities and Exchange Commission. The Company's regulatory filings can be viewed at . Further updates regarding this proposed transaction will be made as additional information becomes available.
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This CME Realty 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 failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, 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 as planned or at all.
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Datum: 13.05.2015 - 11:37 Uhr
Sprache: Deutsch
News-ID 392925
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