American Water Star Inc. Completes Acquisition of All-Star Beverages Inc.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 8, 2003 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 it has completed the acquisition of All-Star Beverages Inc. (formerly Star Beverage Inc.), effective Dec. 24, 2002. All-Star Beverages Inc. was previously a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . The acquisition of All-Star Beverages Inc. has a total value of $6,322,912. The assets consist of equipment, finished goods, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and cash. American Water Star Inc. has issued 8.2 million shares of common stock in exchange for 100 percent of All-Star Beverages Inc. The total combined assets for American Water Star Inc. now exceed $7.5 million. "The company has now positioned itself with adequate equipment and inventory to begin the new year consistent with its corporate goal of having sales in excess of $20 million for the 2003 calendar year," stated Roger Mohlman, president and 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. of American Water Star Inc. 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. : This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the company claims the protection of the safe harbor for forward-looking statements provisions 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 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the company's most recent filings. For additional information, please contact Donald Hejmanowski, shareholder relations, at 702/740-7036. |
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