E-Malt.com News article: USA: Bootie Beer Corporation announced the adoption of a stock repurchase program of nearly 2 million shares

Bootie Beer Corporation, brewer of Bootie Beer and Bootie Light, tagged as "America's Entertainment Beer," announced November 16 that the Board of Directors has adopted a stock repurchase program of their own shares of common stock. The Company will repurchase securities on the Over-the- Counter Bulletin Board open market, pursuant to, and in compliance with, Rule 10b-18 under the Securities Exchange Act of 1934. The Company reserves quantity and purchase discretion, but will not exceed purchasing a maximum of 2,000,000 shares. The Company reserves price discretion, but the purchase price will not exceed the higher of the current independent bid quotation or the last independent sale price. The Company reserves time discretion, but will not purchase securities during the half-hour prior to the scheduled close of trading. The Company may purchase the securities at the market, or in a block trade. The Company reserves volume discretion, but will conduct those trades in compliance with the volume restrictions for either at the market or block trade transactions. The Company reserves broker or dealer discretion, but will purchase the securities through only one broker or dealer on a single day, but may change the broker or dealer from day to day. The Company expects to fund its share repurchase program principally from proceeds from the recent convertible debt transaction with NIR, and the remaining proceeds will be applied towards unsecured debt and executing the Company's business model.

Tania M. Torruella, CEO of Bootie Beer, said, "This stock repurchase program demonstrates our confidence in the long-term outlook of the Company. We believe our shares are mispriced by the market and the best investment we can make with the NIR proceeds is in our own stock. The repurchase program is strategically beneficial for our shareholders, and shareholders equity."

About Bootie Beer Corporation

Bootie Beer Corporation is a brewer and producer of malt beverage products in La Crosse, Wisconsin. The Company brewery has approximately a 20 million case capacity. The Company's experienced management team has developed an integrated aggressive business model, with an objective to develop a full line of highly competitive beer brands, to compete in the $82 billion dollar beer industry. The first brand developed, in the Company portfolio of beers, is Bootie Beer and Bootie Light, tagged as "America's Entertainment Beer." The Company selected its brewing venue of La Crosse, Wisconsin due to the unique availability of ultra-pure artesian water that can be drawn from the local wells, resulting in a superior brewing process and product. Bootie Beer brands offer retailers, wholesalers and consumers a differentiated and exciting, new beer experience, brewed with outstanding quality and fresh taste.


17 November, 2006