RUMORS SWIRLING THAT BLAVOD’S FOR SALE

Blavod Extreme Spirits (BES) announces it has received and signed a "Letter of Intent" from an unnamed listed company that may or may not lead to an offer being made for the company. Who could it be? The approach, which is subject to a number of pre-conditions, is an all share offer of shares in the listed company. At the close of business on November 24, 2006, the indicative offer valued Blavod at approximately $12.83 million. Blavod’s brands include Blavod