Amcon Forms New Beverage Division.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)--Jan. 23, 2003 AMCON Distributing Company (AMEX AMEX See: American Stock Exchange :DIT), an Omaha, NE based consumer products distributor, announced today that it has formed a new beverage division composed of a new wholly-owned subsidiary, The Beverage Group, Inc., and Hawaiian Natural Water Company, Inc., a wholly-owned subsidiary of AMCON since December 2001. The Beverage Group, Inc. will market and distribute Hawaiian Springs(R) natural spring water, along with other premium beverages, in Canada, the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. and Mexico. Hawaiian Natural Water Company, which produces and sells the Hawaiian Springs product, will focus its efforts on production and marketing in Hawaii and sales in the Pacific Region and Asia. William F. Wright, Chairman of AMCON, announced that Richard C. Parsons This article is about the U.S. Representative from Ohio. For the businessman, see Richard Parsons. Richard Chappel Parsons (October 10, 1826 - January 9, 1899) was a U.S. Representative from Ohio. Born in New London, Connecticut, Parsons pursued classical studies. and Stephen O. Sparks have been appointed to serve as Chairman and President, respectively, of The Beverage Group, Inc. Wright stated that, "Dick Parsons brings 42 years of senior level management and consulting experience to the Company with major consumer products such as Arrowhead Water Arrowhead Water, also known as Arrowhead Mountain Springwater, is a brand of drinking water that is popular in the western United States, particularly in Arizona, the Northwest, and in California, where it is produced. , Coca-Cola and General Foods, while Steve Sparks For other uses, see Steve Sparks (disambiguation). Steven William (Steve) Sparks (born July 2, 1965 in Tulsa, Oklahoma) is a knuckleball-throwing right-handed former Major League Baseball pitcher, who graduated from Sam Houston State University in 1987. has been in the beverage business for over 25 years with prestigious companies such as The Danone Group, McKesson Water Products, Arrowhead Water and Sunkist Growers. "We are excited to have two individuals of this caliber on our team. They and their team of experienced beverage professionals will allow us to expand our distribution of Hawaiian Springs natural spring water that, in turn, will allow us to more fully utilize the new plant expansion substantially completed on the Big Island of Hawaii. Jack Sterns, as Chief Executive Officer, will continue to lead Hawaiian Natural Water Company." 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-dist.com |
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