Cuba Beverage Company (OTC:CUBV)

SAN DIEGO, CA--(Marketwire - May 8, 2012) - Cuba Beverage Company (PINKSHEETS: CUBV) today released the following information with respect to recent events regarding its operational activities including financing arrangements and new distribution opportunities as well as recent Company filings.

Cuba Beverage Company is now in compliance with the OTC Markets' Alternative Reporting Standards with the filing of its Company Information and Disclosure Statement on April 30, 2012 and is now listed as OTC Pink current information tier. Cuba Beverage Company will comply with OTC reporting standards required to maintain this status.

Cuba Beverage Company has also commenced raising capital through an equity private placement. The Company hopes to raise $1 million in equity capital through this placement and has already begun to receive executed subscriptions; the offering is set to expire on May 31, 2012. This new investment will allow the Company to initiate the latest production run of its current product offering and resume distribution through its established network of beverage sales channels. These sales channels include Five Star Beverage of Southern California, APSCO and the Army & Air Force Exchange Service.

The Company has recently executed a distribution agreement with Hom's Enterprise for distribution of its products in China. This distributor has forecasted sales of an estimated 20,000 cases of Cuba Beverage products in the Chinese mainland by the end of 2012. Alex Procopio, Cuba Beverage's CEO, stated, "We are pleased to have Hom's Enterprises representing the Company in China. Their strength in that market coupled with strong distribution credentials bodes well for substantial sales in that region of the world."