"We have decided to make the name change solely for business and marketing reasons," said Stephen Brown, CEO of Evolve Beverages Inc.

"Evolve Beverages is growing its brand as a premier functional beverage company that has developed a line of hydration and energy drinks. These drinks are made for the professional athlete as well as the weekend warrior and the soccer mom. Evolve Beverages is positioning itself to become a leader in the Functional Beverage industry.

In regards to the Futures League Baseball announcement on July 19, 2012, the entity Evolve Beverages Inc. will perform all contractual obligations.