COTT and EQ Labs Stock Update From PennyToBuck.com

Cott Beverages Inc., priced a private placement offering of U.S. $375 million in aggregate principal amount of 8.125% senior notes due 2018.
By: Justin Handy
 
Aug. 14, 2010 - PRLog -- EQ Labs, Inc. (Pink Sheets:EQLB) inventor and marketer of the EQ Energy Drink, announced that sales for the six months ended June 30, 2010 increased 40% compared to the same period in the previous year. Earlier this year, EQLB had announced that sales increased 300% in the Las Vegas Region.

EQ Energy Drink is currently sold in 800 stores in 48 states. The EQ Energy drink is the only effervescent-based tablet on the market today that is specially formulated with a combination of essential herbs and nutrients to easily dissolve in any beverage resulting in sustainable energy and a heightened sense of focus. EQLB is engaged in the process of recruiting additional international "sports" celebrities to endorse the EQ Energy Drink.

Mr. Owens concluded, "We are extremely pleased regarding the market acceptance of our product this year. We expect these positive trends to continue and we anticipate the ability to deliver continued good news to our loyal shareholders."

For complete press release: goto pennytobuck.com/?p=3183



Cott Corporation  announced that its wholly owned subsidiary, Cott Beverages Inc., priced a private placement offering of U.S. $375 million in aggregate principal amount of 8.125% senior notes due 2018. The New Notes will mature on September 1, 2018 and interest on the New Notes will accrue and be payable semi-annually in arrears commencing March 1, 2011 at the rate of 8.125% per annum.

COT intends to use the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the previously announced and pending acquisition of substantially all of the assets and liabilities of Cliffstar Corporation and its affiliated companies (the "Cliffstar Acquisition"). Cott intends to finance the remaining portion of the Cliffstar Acquisition through a draw-down on its asset based lending facility, which Cott intends to amend or refinance in connection with the Cliffstar Acquisition to, among other things, increase the amount of borrowings available under such facility, as well as an underwritten public offering of its common shares.

The offering of the New Notes is contingent on the completion of the Cliffstar Acquisition, the underwritten public offering of common shares and the amendment of Cott's asset based lending facility described above and dependent on market conditions.

For complete press release: goto http://finance.yahoo.com/news/Cott-Prices-375-Million-of-...


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