Famous Products Inc., Boca Raton, Fla., has acquired all of the assets, liabilities and contract rights, as well as Grass Roots Beverage Co. Inc. from DNA Beverage Corp., the maker of DNA Energy Drink. Also, as a result of this transaction, the name of Famous Products has been changed to DNA Brands Inc.
The company also announced Darren Marks has been named chairman, president and chief executive officer and Melvin Leiner, chief financial officer, treasurer, secretary and director.
"We are excited about the prospects of having our common stock traded on the OTC Bulletin Board,” said Marks, in a statement. “We believe that this transaction will enhance opportunities for DNA to raise additional capital in order to allow us to continue our growth, as well as to provide our shareholders with greater liquidity and upside potential."
Did you enjoy this article? Click here to subscribe to Beverage Industry
The May 2015 issue of Beverage Industry includes a cover story about custom messaging for baby boomers, as well as articles about NVE Pharmaceuticals, sports and protein drinks and more. Check it out today!