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QUEÉNCH, INC. and BIO-HYDRATION RESEARCH LAB end investment and collaboration talks
Bio-Hydration Research Lab., Inc and Queénch, Inc. have terminated discussions of investment and possible collaborative ventures.
SAN DIEGO, CA (PRWEB) March 23, 2004 --Bio-Hydration Research Lab., Inc and Queénch, Inc. have terminated discussions of investment and possible collaborative ventures.
In February, Queénch announced its intention to invest $10 Million US in Bio-Hydration Research Lab, the makers of Penta Water.
The two organizations found that mutually acceptable terms for the transaction were not possible, given their different business models and corporate missions.
Bio-Hydration Research Lab produces and markets Penta Water, the only purified micro-structured drinking water. Penta is the #1 selling brand of convenience drinking water in the natural foods retail channel, according to SPINSscan data. Penta also continues to be the fastest growing major water brand in that channel.
Penta Water is available in health food stores nationwide. Penta is also available in some major grocery retailers, such as Vons, Safeways Northern California division, select Ralphs stores, and Bristol Farms. For more information, visit www.pentawater.com
Media contact: Dave Donaldson -- 800-531-5088
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