Entertainment Arts Research (OTC:EARI) announces the appointment of Preya Narain as the new Head of Corporate Communication and Corporate Advisor. Renowned for her experience in microcap consulting, Narain leads Preya Co., which specializes in investor relations and due diligence for publicly traded companies. EARI aims to enhance shareholder communication and transparency as part of its 2022 strategy. The company operates in the beverage and media sectors, developing brands in handcrafted spirits and functional drinks, while leveraging media platforms with AR/AI/VR technology.
Entertainment Arts Research (EARI) has acquired Lake Tahoe Distilling and Elemental Spirits, positioning itself in the burgeoning hand-crafted spirit market, projected to reach $80.43 billion by 2025. This acquisition enhances EARI’s product offerings, specifically expanding the White Rhino Vodka lineup and introducing unique cocktail options. The EARI Beverage Group anticipates benefits from operational synergies, alongside leveraging the expertise of new distillery leaders. The craft spirits market is expected to grow at a CAGR of 18.87% from 2020 to 2025, indicating significant potential for EARI's new ventures.
Entertainment Arts Research Inc. (OTC Pink: EARI) announced a letter of intent to acquire Railway City Brewing Company LTD., a craft brewery in St. Thomas, Ontario, Canada. This acquisition is expected to create synergies with Bell City Brewing Company, also recently acquired, and enhance EARI's growth within the craft beer market. The craft beer industry is projected to reach $92.8 billion by 2025, indicating a robust growth opportunity for EARI's beverage portfolio.
Entertainment Arts Research, Inc. (OTC PINK:EARI) has signed a letter of intent to acquire Railway City Brewing Company LTD., an award-winning craft brewery in St. Thomas, Ontario. This acquisition aims to leverage synergies with EARI's recently acquired Bell City Brewing Company, enhancing growth within the booming craft beer market, projected to reach $92.8 billion by 2025. CEO Bernard Rubin highlighted the strategic importance of this acquisition for developing a diversified, profitable beverage portfolio.
Entertainment Arts Research, Inc. (OTC PINK:EARI) has completed two acquisitions: Street Beatz Brands Inc. and Betta4u Brands Inc.
These acquisitions are expected to generate over $10 million in annual net revenue and $2 million in EBITDA. CEO Bernard Rubin expressed optimism about the company's strategic direction in technology and streaming media, alongside plans for future growth. EARI aims to capitalize on its position within the consumer brand space and enhance its offerings, particularly in the VR sector, while maintaining a healthy debt-to-asset ratio.