Packaging

Z3 Enterprises (OTC: BIBB) Enters Agreement to Acquire Assets of Trinity Springs, Ltd., a Top Bottled Water Distributor

Monday 14. March 2011 - Board Approves Plans to Sell Its Entertainment Division to Focus on Bottled Water

The Board of Directors of Z3 Enterprises (OTCBB: BIBB) (OTCQX: BIBB) approved the purchase of substantially all of the assets of Trinity Springs, Ltd. The agreement, upon closing, grants Z3 Enterprises right and title to 100 acres of real estate near Boise, Idaho including the 1,000,000 gallon hot springs pool, clubhouse, and resort, cabins, bottling plant and intellectual property. Previously ranked #1 in select US Markets until the last case disappeared from shelves sometime in 2008, Trinity Springs still has a strong following of consumers according to posts on internet blogs.
Upon closing, Z3 Enterprises expects to immediately begin to exploit the company’s anticipated inventory of premium water. Current and future flow rates from the underground (2.2 miles deep), natural geothermal springs exceed 1 million gallons of water per day. Water rights will allow the bottling for human consumption of approximately 235,000,000 gallons per year. Other plans include capturing and storing the inventory currently going uncollected for future distribution. Research studies and appraisals indicate that water will flow from the Trinity Springs source for thousands of years, yielding a large inventory of the only certified “health water” in the US.
Z3 Enterprises expects to reopen the 14,000 square foot bottling plant within six months. In the initial 30 days after closing, Z3 Enterprises expects to recertify the source of the water and focus on bulk distribution. To that end, the company has already acquired its first customer.
In an effort to focus entirely on the water business, the company’s board of directors has approved the sale of its entertainment division. The company has already identified and opened discussions with an entertainment company with many years of film making experience.
“By divesting ourselves of entertainment projects, we will be able to focus on generating revenues earlier for our shareholders than the typical timeline for income related to films,” said Ross Giles, Chief Executive Officer of Z3 Enterprises, Inc.
“According to Warren Buffet, T. Boone Pickens and many other financial experts, water has been called ‘the new gold’ and we had the perfect opportunity to capitalize on the escalating industry,” Giles added. “Trinity Springs was the top bottled water in the industry generating $10 million in revenue in its best year (2006) before being sidetracked during takeover attempts. We anticipate exceeding those numbers in short order.”
Z3 Enterprises expects to have Trinity Springs’ branded bottled water back on the shelves in retail stores by the end of the third quarter of 2011. The company expects to deliver its first bulk water shipment by mid to late April 2011. Retailers and distributors who wish to carry the well-known “Trinity Springs” brand should contact the company directly to discuss options potentially available in the US and abroad.