HOUSTON, Nov. 6, 2006 (PRIMEZONE) -- American Enterprise Development Corporation (OTCBB:AEND) has acquired a 35% ownership interest in beverage distributor Dynamic Distribution, Inc. Dynamic Distribution is a new beverage distributor which will focus on the distribution of the Havoc(tm) energy drink to convenience stores, clubs and grocery outlets in markets where Havoc(tm) has licensed sponsorship agreements. The convenience store market is critical to the successful distribution of any energy drink.
"Havoc(tm) has generated powerful momentum through its aggressive licensing and sponsorship agreements that will provide the leverage we need to quickly gain market share," noted C.K. Williams, AEND's President. "By acquiring a proprietary distribution relationship with Dynamic Distribution, we expect to effectively penetrate key markets in the nest few months," he added.
Havoc(tm) has licensing and sponsorship agreements with college athletic conferences representing over 100 colleges in addition to agreements with professional sports teams and business groups for the co-branding of the Havoc(tm) energy drink in nearly 200 U.S. markets. Havoc Distribution, Inc. is based in Dallas, Texas, and operates as a portfolio company of American Enterprise which is a Texas business development company focused on investments in early stage enterprises and providing significant managerial support to its portfolio companies. American Enterprise Development was represented in this transaction by Sports Media, Inc. of Silvis, IL.
Safe Harbor Statement
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.