SHENZHEN, China, July 9, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Resort Savers, Inc. (OTCBB:RSSV), a strategic investment and development company, announced today that is in negotiations to acquire 100% of Shenzhen Amuli Industrial Development Co. Ltd. (Amuli). Based in Shenzhen, Amuli is a large producer of the health beverage drink Kvass and generates over $3.6M USD in annual profits. With a production facility expansion forecasted to generate an additional $16M USD in annual sales, Amuli represents a major acquisition opportunity for RSSV.
Amuli's flagship Kvass targets China's booming health drink market, which is expected to reach $20 Billion USD by 2017. Kvass is a traditional Slavic drink made from fermenting black or rye bread along with other fruits and berries. Kvass's health benefits have been well known for centuries, lowering the Ph to kill harmful bacteria. Kvass is high in Vitamin B and has a distinctly bubbly and tangy taste.
Zhou Gui Bin, President of RSSV said, "By wholly acquiring Amuli and consolidating its operations, RSSV is taking a major step in its growing its portfolio of high demand, revenue generating assets. With this acquisition, RSSV is entering the booming Chinese health beverage industry that is growing at over 20% a year. Amuli's Kvass is made by fermenting wheat and honey, giving it a sweeter flavor, which is more desirable to Chinese tastes. The Chinese people are becoming increasingly health conscious and Amuli's Kvass provides an easy and effective way to boost daily health."
Zhou continued, "Amuli's production facility expansion will allow RSSV to capture increasing market share in this booming segment of the economy. Amuli is building new facilities in Shenzhen and Beijing, representing an extensive operational increase that should generate an additional $16M USD in annual sales. Also, due to the substantial demand growth, the market has seen increasing M&A activity in China's health and functional beverage market, with major multinationals acquiring China based beverage producers. This M&A activity has generated several Billion dollars in transactions, opening up major opportunities for RSSV to capitalize on this merger and acquisition market space."
Zhou concluded, "Amuli is a major acquisition opportunity for RSSV, which will allow us to enter China's growing health beverage market. Kvass has been consumed for centuries and has numerous health benefits, benefits RSSV wants to bring to the Chinese people. This acquisition not only proves our commitment to building a profitable asset portfolio for our shareholders, but to improving the health of China."
"In other news, we expect close the acquisition of Kashi Jinju Color Printing Packaging Co. Ltd. in sixty days upon completion of Kashi's audit, which will add $9 Million USD in assets to our books. As you can see, RSSV is on its way to establishing itself as a premier strategic investment and development company and we are very excited for the future."
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About Resort Savers, Inc. http://www.resortsaversinc.com
Resort Savers, Inc. (OTCBB:RSSV) is a strategic acquisition and development company focused on identifying and acquiring high demand, revenue-generating assets. RSSV is currently developing and investing in the oil and gas industry, real estate development and is set to enter the cardboard packaging industry by acquiring Kashi.
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Except for the historical matters contained herein, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. This release should be read in conjunction with Resort Savers' Annual Report on Form 10-K and its other filings with the U.S Securities and Exchange Commission through the date of this release, which identifies important factors that could affect the forward-looking statements in this release.
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