TRUE DRINKS HOLDINGS, INC. (OTCMKTS:BAZI) Files An 8-K Other Events
Item 8.01 Other Events
On March 30, 2017,True Drinks Holding,
Disney Consumer Products, Inc.
into a renewed licensing
agreement to extend the relationship
firstentered into by
the parties in 201 (the Disney
Agreement). Under the terms and conditions of the two-year
Disney Agreement, the expiration date of the new licensing
agreement was extended through March 31, 2019. The Company will
continue to pay Disney a royalty rate of 5% on sales of AquaBall
Naturally Flavored Water adorned with Disney characters on a
quarterly basis. The total guarantee payable to Disney over the
period from April 1, 2017 through March 31, 2019 will be
$807,000. In addition, the Company will continue to make a common
marketing fund contribution equal to 1% of sales due annually
during the term covered by the Disney Agreement.
About TRUE DRINKS HOLDINGS, INC. (OTCMKTS:BAZI)
True Drinks Holdings, Inc. is the holding company for True Drinks, Inc., which creates and commercializes all-natural, vitamin-enhanced drinks. The Company is engaged in the development, marketing, sale and distribution of its product, AquaBall Naturally Flavored Water, a vitamin-enhanced, naturally flavored water drink packaged in the Company’s stacking spherical bottles. AquaBall Naturally Flavored Water is a flavored water beverage, which contains vitamins B3, B5, B6, B12 and C. AquaBall is sweetened with stevia, an all-natural sweetener, allowing the AquaBall to provide a zero-sugar and zero-calorie alternative. Bazi All Natural Energy is a liquid nutritional drink, with over eight different fruits, including the Chinese jujube and approximately seven other superfruits and vitamins. Its e-commerce platform allows its consumers to purchase AquaBall Naturally Flavored Water and Bazi Energy Shot through its Webpages, www.aquaballdrink.com and www.drinkbazi.com. TRUE DRINKS HOLDINGS, INC. (OTCMKTS:BAZI) Recent Trading Information
TRUE DRINKS HOLDINGS, INC. (OTCMKTS:BAZI) closed its last trading session 00.00 at 2.20 with shares trading hands.