ENTERTAINMENT ARTS RES - EARI STOCK NEWS

Entertainment Arts Research (OTC: EARI) announced on March 9, 2023, its application to FINRA to change its name to The Original New York Seltzer Beverage Corporation. This change aims to align the corporate identity with its core business in the growing global craft soda market, valued at USD 651.3 million in 2021, with a projected CAGR of 5.04%. The name change follows the acquisition of the Original New York Seltzer brand and a bottling plant, which now constitutes the majority of the company's revenue. EARI anticipates the name change to be effective within two months, pending FINRA approval.

Entertainment Arts Research (OTC: EARI) has successfully acquired Perfectomundo, Inc., known for its award-winning Perfectomundo Tequila, enhancing its beverage portfolio. This acquisition is significant as it adds a premium tequila brand recognized at major international competitions, including the World Spirits Awards and the San Francisco World Spirits Competition. Perfectomundo Tequila, crafted in Jalisco, Mexico, is produced from 100% Agave, ensuring high-quality flavor. CEO Bernard Rubin emphasized that this acquisition solidifies EARI's commitment to a sustainable platform for diverse customer needs, complementing its existing vodka and bourbon brands.

EARI Beverage Group (OTC: EARI) announced the acquisition of Madre Agave Inc, a Florida-based company known for its ultra-premium agave wine made from 100% Weber Blue Agave. This innovative wine brand offers three selections: Dulce, Seco, and Maduro, each crafted using traditional methods. The acquisition positions EARI favorably as it bridges wine and spirits, enhancing its market presence. CEO Bernard Rubin expressed optimism for growth and brand integration, while Madre Agave's VP, David Itzikowitz, highlighted their excitement about reaching global consumers.

EARI Beverage Group (OTC: EARI) provided a corporate update on L.A. Bottleworks Inc. The company emphasizes diversity and equity in its culture and has announced a new leadership team, promoting Hugo Contreras as plant manager and Francisco Quezeda as production manager. Both have extensive experience within the company. A share-incentive program is also being developed to foster a positive work environment. EARI operates in the beverage and media sector, focusing on crafted drinks and media streaming technology.

EARI Beverage Group (OTC:EARI) has appointed Joel Kleinfeld as Chief Operating Officer. With over 40 years of experience, he aims to enhance efficiency and profitability across the company's diverse portfolio, which includes brands like New York Seltzer. Previously, Kleinfeld led MJC for 20 years, generating $60 million in annual sales. He also served at Mad Engine, where he boosted sales from $0 to $12 million in two years. CEO Bernard Rubin expresses strong confidence in Kleinfeld's ability to consolidate business units and drive growth.

Entertainment Arts Research (OTC: EARI) has completed its largest acquisition to date, purchasing Original New York Seltzer LLC and LA Bottle Works Inc., with combined revenues exceeding $50 million over the past three years. The acquisition aims to enhance EARI's portfolio, which includes craft beverages, by leveraging the established distribution network of Original New York Seltzer, now with 168 distributors across the U.S. and Canada. EARI anticipates reaching over $20 million in annual revenues, positioning it to up-list to Nasdaq and capitalize on the growing craft soda market, currently valued at $600 million with a projected 5.1% CAGR.

EARI Beverage Group (OTC:EARI) announced the acquisition of Blossom Botanical Water Brand, enhancing its presence in the functional and craft beverage sectors. Blossom, known for its plant-based botanical waters, has generated approximately $4 million in gross sales since its inception. CEO Bernard Rubin emphasized plans for new product variants and eco-friendly packaging while integrating Blossom's founder, Steve Fortuna, into the team. This acquisition aligns with EARI's strategy of acquiring brands in high-growth markets with proven consumer acceptance.

Entertainment Arts Research (OTC:EARI) announced a corporate update regarding its subsidiary, Nature's Fury, amid ongoing supply chain challenges in the beverage industry. Nature's Fury has adapted its offerings with new labels and a pricing structure reflecting its premium ingredients, including essential vitamins. The company has dispatched six loads of NutriDrink to Food Lion, covering ten states, and is set to expand its reach to over 1,400 stores with Big Lots. This growth positions Nature's Fury as a national brand, focused on promoting wellness through its functional beverages.

Entertainment Arts Research (OTC:EARI), a diversified beverage and media group, announced exceeding its 2021 revenue expectations by over 20%. The company reported almost $1.3M in revenue, a significant increase from no revenue in 2020. EARI aims to enhance consumer engagement through its media channels and e-commerce platform while addressing challenges like supply chain issues and inflation. The company plans to become PCAOB audited and aims for a Nasdaq listing, working with advisors for this transition. CEO Bernard Rubin expressed gratitude to shareholders for their support.