2008-09-18 23:51:01 -

- Bebida Beverage Company, currently operating as Renovo Holdings (Pink Sheets:RNVO), announced today that the company is not seeking any funding sources at this time.

Bebida Beverage has received numerous inquires from firms that specialize in equity funding. While the company appreciates the interest that has been generated, the company has categorically rejected all inquires received.

As of

September 18, 2008, the common stock outstanding for the company is 1,119,087,549 shares.

In addition to building a successful beverage company, it is a goal of Bebida Beverage Company to build shareholder value. During the early growth stages of any business it would be more beneficial to shareholders to reduce the number of shares of common stock outstanding as opposed to creating unnecessary dilution.

The company appreciates the support that many investors have exhibited toward the company during the early growth stages of Bebida Beverage's business operations.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Bebida Beverage Company, Las Vegas
Rodrigo Makarios, President, 702-285-3817