American Career Centers Inc. Board of Directors Approves Acquisition of Water Star Bottling.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 20, 2002 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Career Centers Inc. (symbol BB: ACCI ACCI Australian Chamber of Commerce and Industry ACCI American Council on Consumer Interests ACCI Association of Crafts & Creative Industries ACCI American Consortium of Certified Interpreters ACCI African Center for Crop Improvement ACCI Air Compliance Consultants Inc. ) Wednesday announced that its board has voted unanimously to approve the acquisition of Water Star Bottling Inc. The companies signed a definitive agreement for the purchase of Water Star Bottling Inc. in a stock for stock exchange on Jan. 18 and final approval has now been obtained. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Krucker, president of ACCI, stated, "The parties now have all requirements of closing in place and will file the necessary documents to close on Thursday, Feb. 21, 2002." Krucker added, "We believe that the combined companies will benefit from the combined management teams, the solid track record of sales growth which has averaged close to $8 million per year. Early shipments are strong and there is a substantial order backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. indicating strong growth potential for Water Star in 2002. "In addition, we are very excited about new, high profit margin items that are planned for introduction in the second quarter. Water Star's growth plan and strong industry trends should provide an excellent opportunity to build shareholder value for our ACCI shareholders." Located south of Yellowstone National Park Yellowstone National Park, 2,219,791 acres (899,015 hectares), the world's first national park (est. 1872), NW Wyo., extending into Montana and Idaho. It lies mainly on a broad plateau in the Rocky Mts., on the Continental Divide, c. and Jackson Hole Jackson Hole, fertile Rocky Mt. valley, c.50 mi (80 km) long and 6 to 8 mi (9.6–12.8 km) wide, NW Wyo., partly in Grand Teton National Park. Jackson Lake, 39 sq mi (101 sq km), a natural lake through which the Snake River flows, was dammed in 1916 to control , Wyo., Water Star was founded in 1992 utilizing ice cold pure spring water from North America's only cold water geyser geyser (gī`zər) [Icel.], hot spring from which water and steam are ejected periodically to heights ranging from a few to several hundred feet. . Water Star's products are distributed throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with continuing sales success based on marketing of unique fruit-flavored water products in a double-digit growth industry. Focus on expanding existing sales, adding new sales through specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" and mass merchandiser retailers as well as new distribution agreements with top distributors and retailers nationally will add fuel to company success. The terms of the transaction called for a number of requirements be met before the final closing, which now have to be filed with the appropriate parties and government agencies to complete the transaction. Even though the parties have spent considerable time to agree on the terms and conditions and prepare for the closing of the transaction, final acceptance is still needed even though ACCI's board has already approved the transaction. There are still documents that need to be completed and filed before the final closing. Therefore, there cannot be assurance that this transaction will be completed as approved, if at all. The statements made in this press release, which are not historical facts, contain certain 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. concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The completion of the Water Star transaction and actual results of owning Water Star Bottling as described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. |
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