HOUSTON--(BUSINESS WIRE)--Puget Technologies (OTCBB: PUGE) announced today it has entered the growing energy drink sector through the acquisition of B-29 Energy Inc. B-29 is an emerging leader in the dynamic energy supplement market.
“Although energy drinks are an extremely competitive product category, the industry is still in its early stages with robust potential for expansion.”
According to a report by Packaged Facts, the dynamic sales growth of energy drinks and shots – 60% between 2008 and 2012 – is expected to continue its momentum in coming years. Total U.S. Sales for the energy drink and shot market was worth more than $12.5 billion in 2012 and is anticipated to grow to $21.5 billion by 2017.
President and CEO of Puget Technologies Ron Leyland said, “Although energy drinks are an extremely competitive product category, the industry is still in its early stages with robust potential for expansion.” He added, “We are confident that with product innovation we will be able to capture a healthy market share within a short time.”
Last week Medill Reports Chicago informed that while soda sales have remained sluggish, Monster Beverage Company, Red Bull and Rockstar volumes jumped 19.1 percent, 17 percent and 8 percent, respectively.
B-29 Energy currently offers two flavors of carbonated beverages and a two-ounce energy shot. All three contain a host of vitamins and minerals along with epimedium, a centuries-old traditional Chinese remedy believed to be a natural aphrodisiac.
More information about B-29 Energy can be found at www.b29energy.com.
About Puget Technologies (PUGE)
Puget Technologies is a publicly traded company on the OTCBB Market stock exchange under the ticker symbol PUGE. Headquartered in Ft. Lauderdale, Florida, Puget Technologies acquires, develops and sells leading edge consumer oriented products ready for rapid commercialization. Puget plans to become a recognized market leader in its product categories. Much of its resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors.
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