Aqua Clara Bottling to Acquire BEVsystems International, Ltd. and Its Life 02 Brand.Business Editors CLEARWATER, Fla.--(BUSINESS WIRE)--Nov. 27, 2001 Combined Entity Will Become Dominate Player In Rapidly Growing Oxygen-Enhanced Water Category Aqua Clara Bottling & Distribution of Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AQCB) today announced it has entered into a non-binding Letter of Intent to acquire BEVsystems International, Ltd. of Miami, a private corporation. Financial terms of the stock-based transaction, which is subject to shareholder's approval, were not disclosed. Aqua Clara also announced a 1 for 10 reverse stock split of its common stock as part of the transaction. Aqua Clara will be renamed BEVsystems International, Inc. The Company said it was considering a change of its stock symbol. As of August 31, 2001 BEVsystems and its Life O2 brand have achieved revenues of $3.2 million for the current calendar year with net stockholders equity of $5.3 million. For the six-months ended September 29, 2001, Aqua Clara had revenues of $335,869 and net shareholder equity of $1.7 million The transaction will give Aqua Clara the leverage of BEVsystems' internationally-distributed bottled water brand, Life O2, and the proprietary Life O2 SuperOxygenation process. Aqua Clara will also acquire technology with twenty-five patents issued in the US and foreign countries. The technology allows BEVsystems to infuse inĀ·fuse v. 1. To steep or soak without boiling in order to extract soluble elements or active principles. 2. To introduce a solution into the body through a vein for therapeutic purposes. its Life O2 brand and global co-branded products with up to 15 times (1500%) more oxygen than ordinary bottled water. Life O2 and other co-branded products that utilize the Life O2 SuperOxygenation process are available in 22 countries worldwide. Since introduction, Life O2 has sold more than 42 million bottles to international consumers. BEVsystems' equipment, which infuses bottled water with medical grade oxygen, is installed in 11 international bottling plants Noun 1. bottling plant - a plant where beverages are put into bottles with caps industrial plant, plant, works - buildings for carrying on industrial labor; "they built a large plant to manufacture automobiles" . Life O2 was launched domestically by BEVsystems in South Florida at the International Bottled Water Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. trade show in early October. The Company said acceptance of the product has been outstanding and that they have been adding approximately 60 distribution points per week since the launch. Following the transaction, the new BEVsystems International, Inc. (formerly Aqua Clara) will shift much of the production of Life O2 SuperOxygenated Water to the current Aqua Clara bottling facility, located on 2.1 acres in Clearwater, Florida. Increased volume at the facility will improve operating efficiencies and reduce production costs for all bottled water brands produced by the new company. The state-of-the-art facility, with a capacity of 250 bottles per minute (500ml to 1 liter) uses reverse osmosis reverse osmosis n. The movement of a solvent in the opposite direction from osmosis in such a manner that the solvent moves from a solution of greater concentration through a membrane to a solution of lesser concentration. to super-purify water. The Clearwater facility will also become the central location for the manufacture and assembly of BEVsystems' proprietary Life O2 SuperOxygenation production equipment. Aqua Clara has an extensive U.S. distribution system. The company is a master distributor for GNC GNC General Nutrition Centers GNC Gas Natural Comprimido (Argentina) GNC Guidance, Navigation, and Control GNC Grand National Championship (ATV racing) GNC Global Navigation Chart Nutrition Centers, and Aqua Clara is the Official Water of the State of Florida's "FLA USA" tourism program. Aqua Clara's existing domestic strength will be combined with the extensive international market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" already enjoyed by Life O2. BEVsystems is currently launching Life O2 SuperOxygenated Water in the South Florida market, and plans to introduce Life O2 in other U.S. markets soon. "We're confident the acquisition of the existing BEVsystems company and its assets will bring strong management and leadership skills to Aqua Clara," said Douglas Cifers, Aqua Clara chairman. "Additionally, the combined entity will clearly become the dominate player in the rapidly growing oxygen-enhanced water category." Mr. G. Robert Tatum, the current Chairman & 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 BEVsystems International, will become Chairman & CEO of the combined entities. Mr. John C. Plunkett, currently President & CEO of Aqua Clara, will become Operations Manager See datacenter manager. of the new BEVsystems, responsible for worldwide operations and new product development. "We anticipate that the new company will also draw on a major strength of our existing BEVsystems organization--innovative marketing," said Mr. Tatum. "Through extensive test marketing, BEVsystems has developed a proven formula for success that has led to rapid acceptance of Life O2 SuperOxygenated Water and co-branded products among consumers." Mr. Tatum added that using university-based research, product sampling, sports events and other tools, BEVsystems has educated consumers worldwide about the benefits of oxygen-enhanced water. Tests conducted with Life O2 SuperOxygenated Water have shown improved athletic performance, increased energy, and greater awareness and concentration. Aqua Clara anticipates the merger will close within 60 days. However, the Letter of Intent is subject to shareholder approval, final 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. and definitive agreements and there are no assurances it will be consummated. This press 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. that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to 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. provision of 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. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions. |
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