Red Chip Featured Company: Celsius Holdings, Inc. (CSUH.OB)
Celsius Holdings, Inc. (CSUH.OB) is a company focused on producing, distributing, and marketing its functional beverages. The company’s first subsidiary, Celsius Inc., develops and markets its beverages into the soft drink market. The company’s second subsidiary, Celsius Netshipments, Inc., focuses on distributing the beverages over the Internet. The company actually contracts the production of the beverages to concentrate suppliers. Through a reverse merger in January 2007, Celsius acquired the operating business of Elite FX, Inc. Celsius is a calorie-burning soda that has become Elite’s first commercially distributed product. The beverage is currently available in five flavors: ginger ale, lemon/lime, orange,…