AMCON to Seek Judicial Determination of Approval by Trinity Springs Shareholders of Acquisition of Trinity Springs Assets.Business Editors 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)--May 26, 2004 AMCON Distributing Company (AMEX AMEX See: American Stock Exchange :DIT) today announced that it will seek an order from the United States District Court for the District of Idaho The United States District Court for the District of Idaho is the Federal district court whose jurisdiction comprises the state of Idaho (except for the part of the state within Yellowstone National Park, which is under the jurisdiction of the United States District Court for the declaring that certain proxies and ballots cast by the stockholders of Trinity Springs Ltd., a privately-held corporation with approximately 190 stockholders, should be counted in favor of the sale of substantially all of Trinity Springs' assets to TSL TSL Texas State Library TSL Transport Layer Security TSL Techsideline.com (website) TSL Teen Second Life (website) TSL The Svedberg Laboratory (Uppsala, Sweden) Acquisition Corp., a wholly-owned subsidiary of AMCON. AMCON is optimistic that the votes represented by those proxies and ballots will be counted in favor of the asset sale and therefore expects that the condition to closing requiring approval by the holders of a majority of the outstanding shares of Trinity Springs will have been satisfied. The board of directors of Trinity Springs has informed AMCON that it cannot certify the final results of the voting on the asset sale due to the need, in its view, for greater certainty on how the proxies and ballots in question should be counted. Trinity Springs, headquartered in Sun Valley/Ketchum, Idaho, bottles and sells natural spring 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. Trinity Springs is also recognized as America's only Certified 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. AMCON is a leading wholesale distributor of consumer products with distribution centers in Illinois, Missouri, Nebraska, North Dakota, South Dakota and Wyoming. In addition, Chamberlin's Natural Foods, Inc. and Health Food Associates, Inc., both wholly-owned subsidiaries of The Healthy Edge, 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, 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, financial results or the outcome of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . These forward looking statements are statements regarding matters other than historical facts. A number of factors could affect the outcome of litigation and the related future results of the Company and thus 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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