SHENZHEN, CHINA -- (Marketwired) -- 09/20/16 -- Resort Savers, Inc. (OTCQB: RSSV) (the "Company" or "RSSV"), a strategic investment and development company, today is pleased to provide an update on its majority-owned Kvass health beverage producer, Shenzhen Amuli Industrial Development Company Limited ("Amuli").
As mentioned in its Fiscal Q1 2016 press release, Amuli was in the process of expanding production facilities, and had been ordered to move its factory to a new location, an expense paid for by the Chinese government.
Three months later, the factory has been officially moved to its new address: Shen Zhen Shi Long Hua Xin Qu Guan Lan Da Dao 152 Hao Tang Zheng Ke Ji Yuan 1 Dong 1 Lau. Moreover, the expansion and renovation of its production facilities is expected to be complete by the end of this month with the first bottled version of the drink produced by the end of October 2016.
The drinks will be sold to several hotels and restaurants located in Shenzhen, Guangdong Province, China. These initial sales venues have already completed several successful tastings of the drink and are eager to introduce the drink to their guests and customers.
Amuli is the brand name of the Russian drink Kvass, which is a traditional Slavic and Baltic fermented beverage commonly made from black or regular rye bread. It is especially popular in Russia, Latvia, Lithuania, Belarus and Ukraine, and in Harbin and Xinjiang, China, where Russian culture has had an influence. Kvass is classified as a non-alcoholic drink by Russian standards and can be flavored with fruits such as strawberries and raisins, or with herbs such as mint.
The Company's Form 10-Q for the quarter ended July 31, 2016 was filed with the Securities and Exchange Commission on September 14, 2016.
About Resort Savers, Inc.
Resort Savers, Inc. is a strategic acquisition and development company focused on identifying and acquiring high demand, revenue-generating assets. The Company is currently developing and investing in the oil and gas industry and real estate development. For more information on Resort Savers, Inc. please visit http://www.resortsaversinc.com.
Except for the historical matters contained herein, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. This release should be read in conjunction with Resort Savers' Annual Report on Form 10-K and its other filings with the U.S. Securities and Exchange Commission through the date of this release, which identifies important factors that could affect the forward-looking statements in this release.
Resort Savers, Inc.
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