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Press
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December 15, 2000 - Bristol Investment Group raises $6.6 million for
Energy Brands Inc.
NEW YORK- Bristol Investment Group, a registered NASD broker-dealer, announced
today it has closed on a $6.6 million capital raise for Energy Brands,
Inc., a rapidly growing New York-based beverage company. Bristol completed
the raise in 12 weeks. The $6.6 million financing included a $1.5 million
bridge financing and a subsequent $5 million institutional financing of
Convertible Notes.
Energy Brands sells 35 high quality, value added, healthy beverages through
an expanding national distribution network. The beverage line includes
several varieties of nutrient enhanced bottled water under the name Glacéau
Water+ and energy drinks under the name Go-Go.
"We are all very pleased with Bristol Investment Group and their ability
to produce results as financial advisors and investment bankers. Selecting
and working with the Bristol team was one of the finest decisions the
company made all year." said Darius Bikoff, CEO of Energy Brands. "Bristol
Investment Group's president, Alan Donenfeld, is dependable, knowledgeable,
and creative with financing structure, a needed component to raising capital
these days. I certainly look forward to working with him for a long time
to come."
"We are pleased that the $6.6 million raise was completed ahead of schedule
and that it resulted in a larger financing than initially expected," said
Alan Donenfeld, President of Bristol Investment Group. With Mr. Bikoff
at the helm, we believe Energy Brands is well positioned in the beverage
industry."
About Bristol Investment Group, Inc.
Bristol Investment Group, Inc. is a private investment banking firm focused
on serving the needs of high growth public and private companies who require
capital, strategic planning and merger and acquisition advice. The members
of the firm have a broad range of experience in raising debt and equity
capital, structuring and financing acquisitions, arranging joint ventures
and managing companies. Mr. Alan Donenfeld, President of Bristol, formed
the company in 1990 with the mission of providing a high standard of investment
banking services to small and middle market public and private companies.
Bristol is a broker/dealer firm registered with the National Association
of Securities Dealers (NASD) and is member of the Securities Investor
Protection Corporation (SIPC). For more information on Bristol Investment
Group call 212-572-6306 or visit www.BristolDirect.com
website.
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