AMCON Distributing to Acquire Trinity Springs.Business Editors/Health/Medical Writers OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--April 26, 2004 AMCON Distributing Company (AMEX AMEX See: American Stock Exchange :DIT) and privately-held Trinity Springs Ltd. announced today a strategic agreement whereby AMCON has agreed to acquire the brand name and substantially all of the assets of Trinity Springs Ltd. Trinity Springs, headquartered in Sun Valley/Ketchum, Idaho, bottles and sells both natural spring and mineral water. The source of this water is located at the base of the Trinity Mountains The Trinity Mountains are found in northern California, USA, between Trinity Lake and Lake Shasta. The range lies in a southwest-northeasterly direction about 17 miles northwest of Redding, and stretches over a distance of 30-35 miles. in Paradise, Idaho, one of the world's deepest known sources of natural spring water. It is also recognized as America's only Certified See certification. Source for natural purity by QAI QAI Quality Assurance International QAI Quality Assurance Institute (Orlando, Florida) QAI Quality Assurance Inspection QAI Quality Auditing Institute QAI Quantitative Analytics Inc. QAI Quality Assurance Instructions (Quality Assurance International), the world's leading organic certifier. "Trinity Springs is a unique and respected brand within the natural foods category and is an excellent strategic fit with our expanding portfolio of companies serving this growing market segment," William F. Wright, Chairman and Chief Executive Officer of AMCON noted. He also noted that this portfolio is well positioned to expand into broader categories of distribution, both domestically and internationally. "The 31 stewards of the TRINITY source are a critical part of this agreement. All are expected to continue in their present positions," said Wright. Trinity Springs will continue as a separate newly formed subsidiary of AMCON. The acquisition, which is expected to close in mid-May after necessary approvals, will be AMCON's second major purchase of a premium water bottling operation following its acquisition of Hawaiian Natural Water Company in December of 2001. "We've been seeking a strategic partner that understands our mission, vision and values and is committed to building brands in the natural foods arena," said Ron Lloyd, President and Chief Executive Officer of Trinity Springs. "AMCON has that focus and gives us the needed strength to better compete and better serve our customers." AMCON is a leading wholesale distributor of consumer products with distribution centers in Illinois, Missouri, Nebraska, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). and Wyoming. In addition, Chamberlin's Natural Foods, Inc. and Health Food Associates, Inc., both wholly-owned subsidiaries of The Healthy Edge, Inc. (formerly Food For Health Co., Inc.), operate health and natural product retail stores in the Midwest and Florida. The retail stores operate under the names Chamberlin's Market & Cafe and Akin's Natural Foods Market. Hawaiian Natural Water Company, Inc. produces and sells natural spring water under the Hawaiian Springs label. The Beverage Group, Inc. markets and distributes Hawaiian Springs and other premium beverage products in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Mexico. This news release may contain forward looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in our forward looking statements. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, we claim the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 with respect to all such forward looking statements. Visit AMCON Distributing Company's web site at: www.amcon.com |
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