AR ASSOCIATES, INC./ARAI-Signs Letter of Agreement to Acquire BIGBREWS.Business Editors RENO, Nevada--(BUSINESS WIRE)--March 25, 2003 AR ASSOCIATES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARAI) is pleased to announce that it has executed a Letter of Agreement acquiring 65% of the issued and outstanding shares of BIGBREWS. BIGBREWS of Vancouver / Canada is in the business of providing liquor licensed Noun 1. liquor license - a license authorizing the holder to sell alcoholic beverages liquor licence license, permit, licence - a legal document giving official permission to do something establishments with a hybrid micro brew system called there TOTAL PREMIUM BREWING brewing: see beer. SYSTEM . This system allows these establishments the ability to effectively become a "micro brew pub". The licensed establishments are then capable of marketing their on-site brewed products to its patrons. BIGBREWS falls under the category of craft beer market, a market that represents some $3.25 Billion a year in the USA. As part of BIGBREWS business model, the brew master functions are removed from the establishment and retained by BIGBREWS. This allows the establishment the ability to lower the traditional operational overheads of a microbrewery mi·cro·brew·er·y n. pl. mi·cro·brew·er·ies A small brewery, generally producing fewer than 10,000 barrels of beer and ale a year and frequently selling its products on the premises. Also called boutique brewery, brewpub. . For BIGBREWS there is a recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. revenue stream associated with the management and production of the brewing process. The equipment that BIGBREWS provides through exclusive manufacturing agreements is rented to the establishments on a five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. . This equipment, at the end of the five years, remains the property of BIGBREWS, thus increasing the projected value of the company at five-year cycles of installation dates. For information on BIGBREWS please visit our Web-Site at: www.bigbrews.com Certain statements in this News Release constitute "forward looking statements" within the meaning of the Private Securities Litigation's Reform Act of 1995. Such forward looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statement. Delbert G. Blewett, President 'ARAI' |
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