Ben says he'll do more - even if he doesn't yet chew... Are you as GOOD as a 1st Grader? How cool and cute and AMAZING is this? 6 year old Benjamin Hinkle of WV is raising money to buy Jolt Gum to send to troops overseas...
Veterans Day In remembrance of all U.S. veterans who have fought and sacrificed for us, we wanted to share this post from the Military Times Broadside Blog: It was a day of peace. November...
The Results Are In! The uploaded, you voted, they won! Check out the results of our photo contest on Facebook! Congratulations to Runners Up Paula and Brady and Grand-Prize Winner Bryan! [gallery]
Chew More, Do More Contest Want to win a load of free gum? Head to our Facebook fan page and enter into our Photo Contest. It's super easy! Just upload a photo of yourself chewing more and doing more,...
Not a canned response Most of you may not have heard, but we've gotten a few emails about Jolt Cola's Chapter 11 filing. Never fear, this will have ZERO effect on Jolt Gum and mints. Nor...
Want to win a load of free gum? Head to our Facebook fan page and enter into our Photo Contest. It’s super easy! Just upload a photo of yourself chewing more and doing more, tell your friends to vote, and you could win!
Most of you may not have heard, but we’ve gotten a few emails about Jolt Cola’s Chapter 11 filing. Never fear, this will have ZERO effect on Jolt Gum and mints. Nor should it have any kind of long-term effect on Jolt Soda or Energy Drinks. According to Reuters, it was all just a money thing. OK, that’s obvious but read on and get the details:
(Reuters) – Jolt Co Inc, maker of the famous Jolt Cola energy drink, filed for bankruptcy protection in a Manhattan court on Monday, after a dispute with drinks can maker Rexam (REX.L).
In court filings, Jolt said it agreed to buy 90 million 23.5 ounce resealable cans from Rexam between January 2007 and December 2009. However, because of the recession, the company has been able to buy just 27 million cans till date.
Jolt said it has to launch a non-resealable cans to compete in the market as the resealable cans supplied by Rexam cost three times the price of non-resealable cans.
The company added that it is unlikely to secure additional capital to pursue this strategy because of Rexam’s claims and asserted liabilities.
In its Chapter 11 filing, Jolt, which does business as Wet Planet Beverages, listed assets and debt in the range of $1 million to $10 million. Rexam, which is owed about $2.1 million, was named as the largest unsecured creditor.
Jolt Cola was created in 1985 by C.J. Rapp as a highly caffeinated drink and is sold across the United States, Canada and Europe.
The case is In re: The Jolt Co Inc, U.S. Bankruptcy Court, Western District of New York, No. 09-22531.