Image Innovations Holdings Inc. Signs Vending Machine Distribution Agreement With RB Energy, LLC to Sell Red Bull Energy Drink Through Vending Machines
NEW YORK, NY -- 11/24/2004 -- Image Innovations Holdings Inc. (OTC BB: IMGV) announced today that its wholly owned subsidiary Image Innovations Sports & Entertainment, Inc. has signed a vending machine distribution agreement with RB Energy, LLC., whose vending machines will sell the Red Bull Energy Drink. Image Innovations Sports & Entertainment will have the right to place these vending machines in various markets, including, colleges and universities, military installations, stadiums and arenas. The Red Bull Energy drink will be offered through these vending machines. The agreement is for five years with automatic renewals thereafter.
“The Image Sports & Entertainment distribution system together with our growing team of living sports legends dovetails with the requirements of RB Energy, LLC. in their marketing thrust and creates an exciting opportunity for both parties,” said Michael Radcliffe, CEO.
“We are optimistic that once our plan is fully executed, it will provide an outstanding new profit center with very limited financial exposure for the Company,” Radcliffe added. “We’re delighted to be working in conjunction with RB Energy, LLC.”
Image Innovations will provide the locations and RB Energy, LLC, will provide the vending machines and stock as well as servicing the equipment. Red Bull will be the exclusive drink offered through these vending machines. Mr. Mark Arzoomanian, Chairman and CEO of RB Energy, LLC, stated, “The synergy between RB Energy and Image Sports & and Entertainment is dynamic and I look forward to a long and profitable relationship between our two companies.”
Image Innovations Sports & Entertainment currently offers artwork featuring such world renowned superstars as Muhammad Ali, Alex Rodriguez, Cornelius Bennett, Mark Martin, Tiger Woods, Tommy Hearns, Larry Holmes, Joe Montana, Jack Nicklaus and Arnold Palmer. Image Innovations Sports & Entertainment is one of the leading sports marketing organizations.
About Image Innovations Holdings Inc. (OTC BB: IMGV) www.ImageiiHoldings.com
The Company consists of two wholly owned subsidiaries -- Image Sports & Entertainment (Image Innovations Sports & Entertainment Inc.), which markets and sells celebrity artwork and collectibles, offering unique collectible sports memorabilia through a targeted distribution network of major retailers, cruise ships, military installations and celebrity auction events. Products include limited art creations by renowned artists and feature sports legends with the personal signatures of both the artist and the sports celebrity. For more information about Image Sports & Entertainment visit http://www.ImageiiSportsEnt.com. Image Innovations (Image Innovations Inc.), has entered into several license agreements with premier sports properties in North America, including the National Football League (NFL), National Hockey League (NHL), Major League Baseball (MLB), Riddell Sports Group and ABC Sports. Backed by these licenses, Image Innovations creates officially licensed products for sports retailers and the corporate market, and is becoming a recognized marketer and manufacturer of officially licensed and promotional products. For more information about Image Innovations visit http://www.Imageii.com.
This release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by use of forward-looking terminology such as “believes,” “anticipates,” “expects,” “plans,” “may,” “will,” “intends,” or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance. We caution you not place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof.
- Contact Information
- Michael Radcliffe
- Image Innovations Sports & Entertainment Inc.
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