Global Beverage Solutions, Inc. Completes Acquisition Of Wholly Owned Subsidiary of XStream Beverage Network, Inc
TULSA, Okla. — Global Beverage Solutions, Inc. (OTCBB:GBVS) (“Global Beverage”) today announced it has completed the acquisition, pursuant to a merger transaction, of XStream Beverage Network of Maryland, Inc., a wholly owned subsidiary of XStream Beverage Network, Inc. (OTCBB:XSBV) (“XStream Beverage”). Based in Jessup, Maryland, XStream Beverage Network of Maryland, Inc. (formally Master Distributors, Inc.) is a leading Mid-Atlantic New Age beverage distributor. The company had revenue of $10.2 million in 2005 with EBITDA of $426,000.