Aqua Vie Beverage Corporation ... Update On Stock Symbol.
Aqua Vie Beverage Corporation -- formerly (OTC BB:AVBC), as of 8/6/99 (OTC BB:AVBCE) -- was one of hundreds of companies to whose stock symbol an "E" was appended on 8/6/99.
Aqua Vie announced today that it expects to be in compliance with a Securities and Exchange regulations requiring companies to be fully reporting in order to be publicly traded on the OTC Bulletin Board. The "E" appended to the stock symbol indicates that a security will be ineligible for quotation and subject to removal from the OTC Bulletin Board 30 calendar days from the date the "E" is appended (60 days if denoted with a plus sign ("+"), 90 days if denoted with two plus signs ("++")), unless the National Association of Securities Dealers (NASD) is notified that the company is current with regard to its public reporting requirements pursuant to the regulations.
"While the company had hoped to have its filing completed prior to August 6 (the date on which the "E" was appended to its stock symbol), circumstances relating to Aqua Vie's emergence from bankruptcy have complicated the reporting process. However, Aqua Vie is preparing documentation and we intend to be in compliance within the 30-day time frame," said Thomas Gillespie, president of Aqua Vie Beverage Corporation.
Aqua Vie Beverage Corporation develops and markets all natural, lightly flavored, still (non-carbonated) bottled spring water. The company's low-calorie alternative beverages are bacteria-free and contain no preservatives. Aqua Vie produces and markets the Hydrator(TM) line of beverages in the United States and Europe. This beverage line, comprised of seven low-calorie, all-natural beverages that are lightly flavored and packaged in 1/2-liter bottles, is designed to increase one's personal consumption of water, naturally. The underlying technology also serves as the new delivery system for Aqua Vies nutritionally fortified E Line(TM); Elixir(TM), Empower(TM), and Ecstasy(TM), its nutritionally specific line of Aquaceuticals(TM), and Aqua Vie's non-alcoholic wine and champagne beverages made from spring water. For further information about Aqua Vie Beverage Corporation, visit the company's web site at www.aquavie.com.
NOTE: Statements contained in this release that are not strictly historical are forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the company's product both domestically and abroad, the company's ability to continue to develop its market, general economic conditions, and other factors that may be more fully described in the company's literature and any periodic filings with the Securities and Exchange Commission.
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|Date:||Aug 9, 1999|
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