Millennium Prime (MLMN) Closes Acquisition of Bong Spirit Imports
MIAMI BEACH, Fla., Sept. 28 /PRNewswire-FirstCall/ -- -- Millennium Prime, Inc. (Pink Sheets: MLMN) today announced that it has completed the acquisition of Bong Spirit Imports, LLC, the creator of Super Premium Vodka™ from Holland, under the terms disclosed in our 8K filing on September 27, 2010. Bong Spirit's Super Premium Vodka™, forms the cornerstone for our lifestyle product strategy of brands built on superior quality and design.
"With the acquisition of Bong Spirit now closed, Millennium Prime is now poised to attack the beverage marketplace as well as expand our portfolio in to other lifestyle markets that serve Millennials," said John F. Marchese, CEO of Millennium Prime, Inc. "Bong Spirit's Super Premium Vodka™ provides us with a Millennial brand with incredible growth potential in domestic and worldwide markets, and we are eager to compete in the marketplace."
"The closing of this transaction marks another milestone in the development of Bong Spirit," said Jimi Beach, Artistic Director of Bong Spirit Imports, LLC. Millennium Prime understands the unique value, positioning and integrity of the brand image that many people worked so diligently to create and we look forward to the opportunity to take our vision and execution to another level."
Millennials, also known as Generation-Y, account for $1 trillion in buying power and represent about 80 million citizens in America alone according to the U.S. Census Bureau. Millennials are creative, counterculture and serious consumers who find it important to support the brands they love and relate to.
About BONG SPIRIT IMPORTS, LLC
Bong Spirit Imports (www.bongspirit.com) markets designer spirit beverages that speak to the world's growing passion for premium liquors. Bong Spirit's Super Premium Vodka(TM) is an award winning libation that fuses together today's designer attitude, with an age-old Dutch product of exceptional quality, packaged in our distinctive bottles that are literally wrapped in art and design. The progressive fashion of Bong Spirit products unites various lifestyles together in spirit, by way of expressionism and appreciation for music, art and culture.
About MILLENNIUM PRIME
Millennium Prime (OTC: MLMN.pk) develops, acquires and markets innovative lifestyle brands with superior quality, design and style for the Millennial marketplace. We will enter lifestyle product markets and establish business units focused on brand categories where we can achieve a clear and authentic leadership position within the Generation-Y demographic. Our growth strategy combines the use of strategic acquisition, organic growth, and innovative invention to serve our Millennial trendsetter focused strategies. Superior Lifestyle Brand Innovations for the Millennial Generation: www.millenniumprime.com
Forward-Looking Statements
This release contains "forward-looking statements" and information provided by Millennium Prime, Inc., such as online, printed documents, publications or information available via Millennium Prime's website, may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Millennium Prime'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 also include 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.
SOURCE Millennium Prime, Inc.
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