The Satori Beverages website has been updated to include news related to Satori and the beverage industry. You can see the website at www.satori-beverages.com. Information related to Satori and Kyodo will continue to be provided on this site, but as the transaction progresses, more information will be contained on the Satori site.
The OBN Holdings Board of Directors has passed a resolution to spin off our wholly-owned subsidiaries Satori Beverages International Ltd, Kyodo USA, Inc and Kyodo UK Ltd. Satori Beverages International will be the parent company, and Kyodo USA and Kyodo UK will be wholly-owned subsidiaries of Satori Beverages. All of the beverage and food related tangible and non-tangible assets shall be retained by Satori Beverages. OBN Holdings shall retain all of the entertainment, recycling and intelligent traffic related assets.
Satori Beverages will focus on the development, marketing, importing and exporting of alcoholic and non-alcoholic beverages. Kyodo USA will focus on the exportation of meat products and provide the logistical support for the Satori Beverages operations.
OBN Holdings will focus on entertainment related activities and will work to exploit the plastics recycling and intelligent traffic technology licenses that it owns. OBN will also continue seeking acquisitions.
Shareholders of record as of the close of trading on Wednesday, February 15, 2012 shall receive one share of Satori Beverages International common stock for each share of OBN Holdings common owned. Shareholders will receive the Satori shares at no cost. Shares of Satori shall be issued in the names of the shareholders of record between March 15, 2012 and March 31, 2012.
We are currently thinking about a name for one of the two new beers that we will be introducing. Both beers will be produced in the U.S.A. One will be a premium beer similar to, but better than, Heineken or Corona. The other will be a value beer similar, but better than, Budweiser or Miller.
We have decided on a name for the premium beer, but are still thinking about names for the value brand. If anyone has a suggestion, feel free to respond. Given the fact that we might receive the same suggestion from multiple people and this is not a contest, there is no prize if a name you suggest is used. However, you can feel good about having had input into what YOUR company is doing.
Satori Beverages is currently in the process of adding beer to our beverage portfolio. The product will be distributed under a Satori brand name. We are also considering adding one or two other brands currently being distributed. To see the current Satori portfolio, please visit www.satori-beverages.com/products.htm.
Satori Beverages has begun adding more products to our line of beverages. Our portfolio now includes three brands of Scotch whisky, vodka, gin, tequila, and California and Italian wines. Many of the brands in our portfolio are one that the company owns. For more information about our products, visit the Satori website at www.satori-beverages.com/products.htm.
Kyodo USA, Inc. (www.kyodo-usa.com/bev) is focusing its effort on importing and distributing alcoholic and non-alcoholic beverages. Kyodo has acquired permits if the U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) to import and distribute wine, beer and spirits. The company has also obtained alcohol licenses in California, Texas and New Mexico, and is in the process of acquiring additional licenses in other states. Kyodo is beginning to enter into agreements with local distributors in various states and is actively identifying new ones.
The website for Satori Beverages International has just been launched. It contains information on the products we currently offer and will be updated on a regular basis since we will be continually introducing more. The web address is: www.satori-beverages.com.
Kyodo UK Ltd was recently formed in the United Kingdom as a wholly owned subsidiary of OBN Holdings. The company will function as an extension of Kyodo USA, and handle our operations in Europe. Currently, our primary European activity is the introduction of our new Scotch and Irish whiskey brands. Since we are getting materials for our products from companies in various European Union countries, working through Kyodo UK will result in significant tax savings. Also, Kyodo UK will be able to take advantage of various grants and programs offered by the United Kingdom.
I just realized that the last post, prior to the one just made, was back on May 10. I apologize for not posting information more often. It is not because nothing is happening at OBN Holdings. In fact, the delay in posting information is because so many things have been occurring, which has resulted in me not having the time to update the blog more frequently.
I will do everything that I can to take time out to provide updates on a more regular basis.
Satori Beverages International LTD was recently formed as a wholly owned OBN Holdings subsidiary. The purpose of the company is to handle our beverage marketing and operations activities. Currently, Satori offers Highland Axe Scotch Whisky (www.highlandaxe.com), Emerald Isle Irish Whiskey and Malcolm House California Wines, which are trademarks owned by OBN Holdings. We will soon be offering our own London gin and French vodka as well as non-alcoholic beverages. The products will be distributed by Kyodo USA (www.kyodo-usa.com), our trading company.