Purple Beverage Company Appoints Keith Riley as Vice President of On-Premise Sales

Date : 03/24/2008 @ 8:30AM
Source : Business Wire
Stock : Purple Beverage Company, Inc. (PPBV)
Quote : 0.07  0.01 (16.67%) @ 11:42AM
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Purple Beverage Company Appoints Keith Riley as Vice President of On-Premise Sales

Purple Beverage Company, Inc. (OTCBB: PPBV), maker of the all-natural antioxidant-rich beverage, Purple, today announced that Keith Riley, former National Director of On-Premise for Red Bull® North America, Inc., has joined the company to launch its on-premise marketing campaign in restaurants, bars, hotels, lounges and nightclubs nationwide.

“Having been responsible for 18% of the total U.S. business and achieving an average growth rate of 30% a year for Red Bull®, Keith is an industry pro whom we are thrilled to have on our team,” said Purple Beverage Company Founder and CEO Ted Farnsworth. “As one of the founders of the U.S. on-premise strategy for Red Bull®, he practically wrote the book on how to develop and execute a successful on-premise marketing approach, opening up the bar and nightclub industry to branded cocktail mixers.” Riley, who was also instrumental in developing worldwide execution programs and standards for the company, is a perfect fit for Purple Beverage Company, whose signature beverage, Purple, is quickly earning a rapidly-growing fan base from New York to Los Angeles.

“Purple is one of the hottest brands going right now, and is already showing signs of being to the healthful beverage industry what Red Bull® is to the energy drink sector,” said Riley. “The product is perfectly suited for the on-premise market,” added Riley. “Not only does it mix well with a variety of spirits, but it also provides the added benefit of an antioxidant punch in every cocktail and can even point to scientific research to back that up.” Riley is referring to a study from the United States Department of Agriculture and a study at Kasetsart University in Thailand that indicated that adding alcohol to antioxidant-rich berries increases their antioxidant power. This fact is helping Purple to become one of the hottest cocktail trends in nightclubs and lounges.

During his tenure with Red Bull®, Riley managed national accounts and co-managed expansion from 10 to 50 states. Previously, while working for Bacardi® USA, he managed the company’s Promotional Marketing team and was responsible for all on-premise promotions for the brand in the San Francisco Bay area.

“From the very beginning, we knew that our product belonged in both off- and on-premise locales,” said Farnsworth. “With Keith pushing our premium brand to restaurants, bars, hotels, lounges and nightclubs, we look forward to creating the next national cocktail craze.” Purple is a unique and tasty blend of seven of the world’s most powerful antioxidant-rich juices, including the exotic açai berry, black cherry, pomegranate, black currant, purple plum, cranberry and blueberry. The health benefits of these juices are packed into an all-natural, no-sugar added beverage that is perfect as an on-the-go drink, part of a healthy fruit smoothie or mixed with your favorite spirit. Since debuting in 2007, Purple has been praised by such high-profile publications as Health Magazine and Family Circle and has appeared on ABC-TV’s “The View.” Purple can be found in select GNC stores across the country, as well as in restaurants, bars, nightclubs, delis, drug stores, health food stores, supermarkets and convenience stores. For more information, visit www.drinkpurple.com.

Cautionary Statement Regarding Forward-Looking Statements Information provided by Purple Beverage Company, Inc., such as online or printed documents, publications or information available via Purple’s website, contains forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Purple’s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing.

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