American Water Star, Inc. Plans a Stock Dividend to its Shareholders.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 27, 2004 American Water Star, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMWS AMWS Annual Mean Wind Speed AMWS Assault Maneuver Weapon System (Xenosaga game) AMWS Advanced Missile Warning System AMWS Agile Multi-Role Weapon System ) is pleased to announce that its Board of Directors has released a filing wherein the Company has determined to divest to its stockholders of record as of March 15, 2004, on a one share for one share basis, stock in American Distribution & Packaging, Inc. The actual delivery of the new shares of American Distribution & Packaging, Inc. to the American Water Star, Inc. stockholders of record as of March 15, 2004, will take place once American Distribution & Packaging, Inc. has a registration statement declared effective by the Securities and Exchange Commission. "The spin-off of American Distribution & Packaging, Inc. reflects the need and opportunity for this wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. to become a separate company so that it may focus on a different and distinct category of the beverage industry. The bag box beverage market represents several billion dollars in sales annually. That market is ripe for the no sugar, no calorie and no to low carb products that are becoming so successful for American Water Star, Inc. in the traditional bottled beverage category," stated Roger Mohlman, 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. , American Water Star, Inc. About: American Water Star, Inc.: American Water Star Inc. ("AMWS") is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AMWS, and is engaged in the beverage bottling industry. Its product brands are both licensed and developed in-house, and bottled in strategic locations throughout the United States. AMWS' beverage products are sold by the truckload, principally to distributors, who sell to retail stores, corner grocery stores, convenience stores, schools and other outlets. At AMWS, we believe our great-tasting, new zero sugar, zero calorie flavored water beverages have positioned us to capture a large share of the market for healthy flavored waters. Our products include: Hawaiian Tropic -- our latest product featuring a sugar-free, no carbonation, caffeine-free, sodium-free tropical drink. Hawaiian Tropic flavors include Strawberry Kiwi, Kiwi-Lemon Lime, Orange Guava guava (gwä`və), small evergreen tree or shrub of the genus Psidium of the family Myrtaceae (myrtle family), native to tropical America and grown elsewhere for its ornamental flowers and edible fruit. and Pineapple Grapefruit. For the grade school age children we are introducing 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. Sport and Aqua Fresca Sport -- our new non-sugared, 0 calorie, 0 carbohydrates, 0 sodium, vitamin and mineral-enriched, fruit-flavored beverage brand. Our other premium beverages include; Geyser Fruit Beverages -- our line of eight different fruit-flavored waters which have proven to be popular with consumers and Geyser Fruta -- our Latin line of seven different fruit-flavored beverages. Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. ; manage and integrate acquired businesses; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in AMWS' Securities and Exchange Commission filings, including Form 10-KSB for the year ended Dec. 31, 2002, and subsequent Forms 10-QSB and 8-K. Actual results may differ materially from management's expectations. |
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