ZICO Beverages, LLC. Announces $15 Million Investment From Key Strategic Partners

* Reuters is not responsible for the content in this press release.

Tue Sep 1, 2009 9:30am EDT

ZICO Beverages, LLC. Announces $15 Million Investment From Key Strategic
Partners
Coca-Cola Interest in Fast-Growing Coconut Water Company Gives ZICO
Opportunity to Reach More Consumers



HERMOSA BEACH, Calif., Sept. 1 /PRNewswire/ -- ZICO Beverages, LLC., makers of
ZICO Pure Premium Coconut Water-Nature's Sports Drink(R), today announced that
key strategic partners have invested $15 million in the company for growth and
expansion purposes. The round includes an investment from The Coca-Cola
Company (NYSE: KO), for a minority stake of less than 20%. Other investors
include Jesse Itzler, principal of Suite 850 and co-founder of Marquis Jet, a
number of A-list celebrities, successful beverage entrepreneurs, and
independent beverage distributors. 

(Photo:  http://www.newscom.com/cgi-bin/prnh/20090901/PH68601 )

"This support from such an exciting and influential consortium of investors
certainly validates the broad potential we've known ZICO had from the outset,"
said Mark Rampolla, ZICO's founder and chief executive officer.  "Building on
our established momentum and powered by this new investment, we plan to
introduce the ZICO brand and its natural health benefits to a much larger
mainstream audience, which has always been our mission."

Coconut water, rich in electrolytes, particularly potassium, is known
historically across the tropical world for its hydrating and replenishing
properties. ZICO is one of the pioneers in the development of the coconut
water category in the US where the brand has been experiencing explosive
growth among health-conscious, active consumers. ZICO has become the natural
replenishment beverage of choice among leading runners, cyclists,
tri-athletes, yogis, surfers and others. 

The investment was led by Coca-Cola North America's Venturing and Emerging
Brands (VEB) Business Unit. "VEB continues to seek out burgeoning brands that
have the potential to change the way consumers look at beverages. Combining
the natural goodness of ZICO, the combined marketing acumen of ZICO's team and
Suite 850 and the brand building expertise of VEB certainly makes for an
innovative partnership," said Deryck van Rensburg, President and General
Manager, Venturing and Emerging Brands, Coca-Cola North America.

As part of the transaction, Suite 850 will provide consumer activation and
brand building services to ZICO. "I've been familiar with the health benefits
of coconut water for some time, so when I had the chance to be involved with
this incredible product, I didn't hesitate.  I'm excited to work with Mark,
his team and Coca-Cola to further build on the popularity of ZICO and help
introduce the brand to a wider audience of  athletes and health conscious
consumers," said Jesse Itzler.

ZICO Pure Premium Coconut Water is sold nationally in select major grocery and
natural foods stores, gyms, yoga studios and online.  "We've watched ZICO
build from nothing to become one of the hottest beverage brands in New York
City.  It appeals to a broad base of consumers and we can't wait to get it in
to the hands of more New Yorkers and watch it expand to additional markets,"
said Lewis Hershkowitz CEO, Big Geyser, Inc. an independent distribution
company in New York.

About ZICO Beverages, LLC.
Founded in 2004 by Mark Rampolla, ZICO Beverages, LLC. (pronounced Zee-co) is
the maker of ZICO Pure Premium Coconut Water, a 100% pure coconut water with
natural flavor essences. With more potassium than a banana and four other
essential electrolytes, low acidity, no fat, no sugar added, and no
cholesterol, ZICO is the natural, refreshing way to rehydrate and replenish.
The unique processing and packaging system captures and retains the exotic
flavor and nutritional benefits of coconut water for six months so you can
enjoy ZICO anytime and everywhere. ZICO can be found at leading yoga studios,
gyms, natural food stores and gourmet grocers in select markets across the
country.  ZICO is headquartered in Hermosa Beach, Calif. For more information,
visit www.zico.com. 

About Venturing and Emerging Brands
Venturing and Emerging Brands (VEB) is a dedicated operating unit of Coca-Cola
North America charged with identifying and developing high-potential growth
brands in the North American beverage space.  VEB accomplishes this objective
through a combination of internal innovation, importation of global brands,
and investments in external emerging brands. With direct access to the global
resources and industry expertise of The Coca-Cola Company and its system, VEB
is uniquely positioned to develop emerging beverage brands of The Coca-Cola
Company to their full potential. 

About Suite 850
Suite 850 is a brand incubator and full-service marketing firm founded by
Jesse Itzler, Co-Founder of Marquis Jet Partners, the world's largest jet card
program. Suite 850 creates original brands and partners with emerging
businesses to produce cultural phenomena through its access to celebrities,
athletes, influencers, and tastemakers. The company's in-house team is
responsible for the development, design, packaging, positioning and marketing
of each brand, product and service.  Suite 850 is headquartered in New York
City.

SOURCE  ZICO Beverages, LLC.

Nicole Atkinson of Hillman PR/ZICO, +1-410-616-8947, natkinson@hillmanpr.com,
or Scott Williamson of Coca-Cola North America, +1-404-676-3288,
swilliamson@na.ko.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.