Adirondack Pure Springs to Acquire Bottling Facility.Business Editors WOODBURY, N.Y.--(BUSINESS WIRE)--Oct. 1, 2002 Adirondack Pure Springs Mt. Water Co., Inc.(OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APSW APSW All Purpose Software APSW Association for the Promotion of the Status of Women - news), has signed a letter of intent with Aurora Beverage Corporation, a privately held Canadian Corporation, to acquire its beverage production facility, spring water rights, and approximately 200,000 square feet of production and warehouse space in Barrie, Ontario For the electoral district, see . Barrie is a city of 128,430 residents,<ref name="2006CensCommun" /> the 35th largest municipality in Canada.<ref name="2006CensMuniPops" /> It is located on Kempenfelt Bay, an arm of Lake Simcoe in Central , Canada that is currently undergoing a retrofitting that, when complete, will be worth $10 million dollars USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Under terms of the letter of intent, Aurora will continue the retrofitting of five production lines that will include high speed cold fill and hot fill lines, a canning line, and beverage pouch lines with full mixing and packaging capabilities that will provide Adirondack the capability to produce a wide array of product for itself and its customers. The first line is expected to begin production in the latter part of the next quarter. "Upon completion, this facility will be able to produce tens of millions of cases of various types of product every year, and is designed to specialize in value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. and nutritional beverages, allowing Adirondack to satisfy the existing beverage requirements in the industry, and become a specialized provider of the value added and nutritional products that are exploding in popularity," said Adirondack Pure Springs President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , David Sackler. "We are excited about this opportunity to work with Aurora, and are continually identifying other opportunities in the marketplace that are consistent with our strategic plan for growth. We believe that our intended acquisition of the Barrie facility will bring us substantial benefits including increasing shareholder value and establishing Adirondack as a significant force in the beverage industry." About Adirondack Pure Springs: Adirondack Pure Springs Mt. Water Co., Inc. develops and markets bottled natural water products for distribution and sale throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , including its AvivA Springs Natural Water, MaxO2 Oxygenated Natural Water, and nutritional products such as Pinnacle AquaLean, the first non-ephedra based thermogenic ther·mo·gen·e·sis n. Generation or production of heat, especially by physiological processes. ther (fat-burning) energy beverage. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of Adirondack Pure Springs, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, Adirondack Pure Springs disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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