Mfg. - Food and Kindred Products | Retail - Convenience Stores

Asking Price	Not Disclosed	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1985
FF&E	N/A	Employees	30

* included in the asking price

** not included in the asking price

The premier slushie company with a 25 year track record.

General Capital Partners, LLC has been retained as the exclusive financial adviser to Parrot-Ice Drink Products of America, Ltd., a premium fruit-based frozen beverage and equipment manufacturer located in Houston, Texas, in it s Chapter 11 bankruptcy proceedings. Founded in 1985, the Company fills a unique niche in the beverage sector and is recognized in the market as the leader in premium frozen beverage solutions with consumers and retailers alike. Parrot-Ice enjoys great brand recognition, a strong asset base with excess manufacturing capacity, a tremendous portfolio of intellectual property assets and superior proprietary frozen beverage product solutions. The Company desires to capitalize on the market opportunities and grow exponentially in the next few years with the assistance of an investor or buyer that understands this unique opportunity.

Facilities: ~The Parrot-Ice name, representing for the past 25 years, the leading premium frozen beverage brand ~5,000 owned dispensing units with 2,500 deployed and 2,500 in inventory and available for placement ~Only company of its type to manufacture both its dispensing units and products. ~A fresh pipeline of active prospects with the potential of over 10,000 program placements ~Great tasting products with premium natural healthy fruit ingredients ~New innovative products with market proven growth potentia

Competition: In 1999, sales for Parrot-Ice peaked at $40 million but have since dropped within recent years to approximately $5 million in 2008. The Company s decline has been a direct result of the sell-off of companyowned stores by the major oil marketers and a general industry shake-up resulted in a major account shift. Eighty-five percent (85%) of the Parrot-Ice customer base either changed ownership or went out of business in less than 3 years.

Growth/Expansion: Parrot-Ice has recently developed adult beverage machines and products. Untapped market in educational facilities and health clubs. Over 20,000 machines has been manufactured and an additional 2000 ready to work machines in inventory.

Support/Training: Full support staff and network.

Reason Selling: Bankruptcy