October 4/Holbrook, N.Y./PRNewswire -- Mojo Ventures Inc. announced it intends to undertake a corporate restructuring in which it will focus its activities on the continued development of its Dispensing Cap Technology and its Pinch zero-calorie natural and organic sweetener, as well as other marketing and branding opportunities. The company will spin off its other products in development to the former stockholders of Mojo's subsidiary, Specialty Beverage and Supplement Inc. (SBSI).
Mojo acquired SBSI in May 2011 in a reverse merger transaction in which the stockholders of SBSI exchanged all of their SBSI stock for shares of Mojo common stock and in which Mojo issued additional shares of its common stock to holders of SBSI debt in satisfaction of that debt.