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US: American International Industries invests in LVPG

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American International Industries has acquired a 9.9% stake in Las Vegas Premium Gold Products Inc. in exchange for restricted shares of common stock and other financial consideration.

American International Industries said today (1 November) that this was a "strategic investment" with the Nevada-based LVPG, the company which has developed upscale consumer products, including an ultra-premium Tequila and coffee liquor.

American International Industries chairman and CEO Daniel Dror said: "It is our opinion that Las Vegas Premium Gold Products has developed a line of superior consumer products, with international appeal, ready to be marketed."

Dror added: "Our Nestle Products subsidiary will arrange for a line of credit for working capital to help LVPG launch the marketing of these and other products. We believe that our equity investment in LVPG Products strengthens and diversifies our portfolio of companies and assets and will increase our shareholders' equity."


Sectors: Soft drinks, Spirits, Water

Companies: Nestle

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