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.
