MyCause Beverages plans to raise $1 million in direct IPO of stock

Self-underwritten deal's proceeds to develop flavored water products

By Toni Weeks

San Luis Obispo, Calif., May 14 - MyCause Beverages Inc. plans to raise $1 million in a self-underwritten, direct initial public offering of stock, according to an S-1 filing with the Securities and Exchange Commission.

The company plans to sell 1 million shares at $1.00 apiece. It intends to have its common stock listed on the OTC Bulletin Board at the conclusion of the offering.

Proceeds will be used for the development of sparkling and flavored water products, to purchase inventory and equipment, for marketing and for working capital and general corporate purposes.

Mechanicsville, Md.-based MyCause markets bottled water in a square-shaped bottle. Purchasers can direct the company to donate five cents per bottle to one of 67 charitable and not-for-profit organizations.

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