Expanded License Agreement For Spider Energy Drink

Rhea-AI Summary

On November 17, 2021, Golden Grail Technology (OTC: GOGY) announced it has secured exclusive rights to manufacture, market, and sell Spider Energy Products in the Caribbean and Central America. This strategic move enters a booming market, with energy drink sales exceeding $14 billion, projected to reach $20 billion by 2024, according to Euromonitor International. CEO Steven Hoffman expressed optimism about the product's reception among local consumers and tourists, emphasizing its appealing flavor and energy-boosting ingredients.

Positive

• Exclusive manufacturing and marketing rights for Spider Energy Products in the Caribbean and Central America.
• Access to a rapidly growing market with energy drink sales projected to reach $20 billion by 2024.

Negative

• None.

WESTON, Fla., Nov. 17, 2021 /PRNewswire/ -- Golden Grail Technology (OTC: GOGY) the exclusive distributor of Spider Energy Products will now have the exclusive rights to manufacture, market and sell Spider Energy Products in the Caribbean and Central America.

"Energy is one of the most sought-after functional beverage benefits. Combined energy drink and energy shot sales now surpass $14 billion, with sales projected to reach $20 billion by 2024." Euromonitor International.

"We are so excited to be bringing Spider Energy Drink into the Caribbean and Central America Market. The "energy" in this emerging market is always positive, high and fun. Between the residents and the tourists, we are certain Spider Energy Drink will provide the function, taste and brand local consumers will love," said Steven Hoffman, CEO, Golden Grail.

About Spider
Spider Energy drink is packed with serious energy. This formula is the perfect balance of energy boosting B-vitamins, Taurine, Guarana, Ginseng, Key Levels of Amino Acids and herbal extracts. Made with 100% real sugar, Spider Energy is known as one of the best tasting with a fresh-citrus, smooth and refreshing flavor, without the medicinal aftertaste associated with most energy drinks.

GOGY BOILER PLATE
Golden Grail Technology (OTC: GOGY) is an evolving company with a strategic mission to advance a beverage portfolio comprised of already proven Ready-To-Drink brands. The Company identifies and acquires brands within emerging beverage categories that need fiscally responsible new management. The Company then utilizes technology by applying their expertise, techniques and processes for the betterment of the economics of the Company and the advancement of the marketing and distribution of the beverages. The Companies recognizable portfolio of healthy functional beverages combined with industrious financial responsibility make Golden Grail a unique entity in the beverage industry.

For more information on Golden Grail, visit www.goldengrailbeverages.com.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Golden Grail Technology Corp

FAQ

What rights has Golden Grail Technology obtained regarding Spider Energy Products?

Golden Grail Technology now holds exclusive rights to manufacture, market, and sell Spider Energy Products in the Caribbean and Central America.

What is the current market size for energy drinks according to the press release?

Energy drink sales currently exceed $14 billion and are projected to reach $20 billion by 2024.

What does CEO Steven Hoffman say about the Spider Energy product's prospects?

CEO Steven Hoffman expressed excitement about introducing Spider Energy Drink to a positive and fun market, believing it will resonate well with local consumers and tourists.

What ingredients does Spider Energy Drink contain?

Spider Energy Drink includes energy-boosting B-vitamins, Taurine, Guarana, Ginseng, amino acids, and herbal extracts, made with 100% real sugar.