Dallas, TX – December 12, 2019 — – Puration, Inc. (OTC Pink: PURA) today announced entering into a contract to begin bottling EVERx CBD Sports Water in Europe. The company recently announced acquiring a company to facilitate bottling in Europe as part of an overall initiative to expand bottling capacity world-wide. The company also recently European a distribution agreement in Europe estimated to add $4 million in sales next year. Management indicates that the potential of European distribution beyond the initial $4 million projection warranted the establishment of a local bottling capacity. The European market for CBD is projected to reach nearly US $17 billion by 2023. The company has scheduled an update with more details on the company’s recently announced 2020 expansion plan scheduled for next week on Tuesday, December 17, 2019. PURA’s expansion is intended to substantially increase PURA’s 2020 prospects beyond its current $8 million revenue target. PURA has recently reconfirmed its $4 million revenue target for 2019 and an $8 million revenue target for 2020. The CBD beverage market is one of the fastest growing beverage sectors anticipated to reach $1.4 billion by 2023.
For more information on Puration, visit http://www.purationinc.com
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.