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OBN Holdings to Establish New Beverage Subsidiary

^{Published on 2010-06-24 07:31:12 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - June 24, 2010) - OBN Holdings, Inc. (PINKSHEETS: [ OBNI ]) today announces the formation of a new beverage subsidiary. The subsidiary will be responsible for developing new product lines of both non-alcoholic and alcoholic products, and proactively identifying existing brands to acquire.

"Our new company represents another major step in our never ending goal to increase shareholder value," stated Roger Neal Smith, OBN Holdings President and CEO. "Given the anticipated worldwide success of our Scotch and Irish whiskeys and the impending introduction of additional beverages, creating a home for the product line is the logical course of action."

OBN Holdings subsidiary Kyodo USA will handle the global distribution of the products. The company anticipates sales of $5 million during the first twelve months of operations.

About OBN Holdings
OBN Holdings is engaged in acquisition and subsequent development of businesses worldwide. The company has interests in a diverse number of industries, including entertainment, manufacturing, technology and business services. OBN is internationally diversified with offices and subsidiaries in the United States, Hong Kong and Japan. The company posted revenue of $18 million for its previous fiscal year.

For latest SEC filings, go to the company's web site at [ www.obnholdings.com ] and click on the "Investor Info" heading. Periodic updates can be seen on the CEO's Blog at [ www.obnholdings.com/smith ].

OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 938-0467

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could."