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AQUA VIE BEVERAGE CORP. WINS ADDITIONAL JUDGMENT, RETURN OF STOCK

    KETCHUM, Idaho, Aug. 5 /PRNewswire/ -- Aqua Vie Beverage Corp. (OTC: 3AVBC), today announced it has obtained a judgment against Dalhousie Ltd. in its litigation arising out of a 1991 Stock Exchange Transaction.
    Based on the judgment, Aqua Vie will ask for a court order authorizing it to cancel 600,000 shares of common stock held of record by Dalhousie.  This action, together with the expected cancellation of 850,000 shares held by another defendant as announced earlier this week, represents almost a 6 percent reduction in the total outstanding shares of Aqua Vie, or 1,450,000 shares to be retired.
    Tom Gillespie, president and chairman of the board of Aqua Vie, stated, "It is very gratifying to see this litigation achieve positive results.  The cancellation of this very large block of stock will represent a meaningful real value for all Aqua Vie stockholders."
    Aqua Vie Beverage Corp. is the producer and marketer of a line of seven Lightly Flavored, Non-Carbonated Spring Water Beverages, including new Sun Tea and soon-to-be released McIntosh apple.  Aqua Vie is currently available in major supermarket chains in southern California and Texas, and has contracts for distribution in 32 other states.  By the end of 1993 the company anticipates a national retail presence and expansion into Europe.
    -0-             08/05/93
    CONTACT:  Steve Duininck, Investor Relations, of Aqua Vie, 208-726-2555; or Adam Friedman, 212-682-6565, ext. 215, or Camy Vazifdar, 212-682-6565, ext. 235, both of KCS & A Public Relations, for Aqua Vie
    (3AVBC) CO:  AQUA VIE BEVERAGE CORP.; DALHOUSIE LTD. IN:  FOD ST:  ID


-- SE007 -- X397 08/05/93
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Publication:PR Newswire
Date:Aug 5, 1993
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