Aqua Vie Beverage Corporation Announces Exclusive Distribution Agreement with Batterjee for Saudi Arabia.KETCHUM, Idaho--(BUSINESS WIRE)--Nov. 5, 1998--Aqua Vie Beverage Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVBC AVBC Aqua Vie Beverage Corporation (stock symbol) ), announced today that it had signed an exclusive distribution agreement with Batterjee Medical Services, for the exclusive distribution rights to sell and distribute all Aqua Vie product lines in Saudia Arabia. The agreement is subject to completion of 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 documentation which is expected to be completed within approximately two weeks. Batterjee Medical Services is based in Jeddah, with offices in Riyadh, and Damman. The origination of the company dates back sixty years, when Ibrahim Hassan Ibrahim Hassan إبراهيم حسن Born August 10th, 1966 National team data Played In World Cup , Italy 1990 Batterjee was the Founder of one of the original families of Jeddah, and was a highly respected member of the city. Amongst other businesses, he and his sons founded the Batterjee Pharmaceutical Company, which still exists today. One of the oldest and once largest pharmaceutical companies in Saudi Arabia, they rose to become the owners of thirteen pharmacies located throughout the peninsula. Abd Almajeed Batterjee, the eldest grandson, established Batterjee Medical Services in 1981 in the capital city of Riyadh. BMS BMS abbr. Bachelor of Marine Science represents several pharmaceutical, glycolic Gly`col´ic a. 1. (Chem.) Pertaining to, or derived from, glycol; as, glycolic ether; glycolic acid. s> Glycolic acid (Chem. skin care products and health foods and beverages, both at retail as well as in the medical community. Abd Almajeed retains his relationships with Batterjee Pharmacies. In commenting on the announcement, Abd Almajeed Batterjee, founder of BMS said, "though we have several distribution companies at retail, we decided to bring Aqua Vie's products into Batterjee Medical Services. Their quality, and formidable nutritional attributes are technologically positioned to serve as adjuvants to many of our medical clients, as well as to the retail market place. And in our country, where it is common knowledge that there is a strict, absolute legal prohibition of alcohol “Prohibition” redirects here. For other uses, see Prohibition (disambiguation). Prohibition of alcohol, often shortened to the term prohibition, also known as Dry Law, refers to a sumptuary law in a given jurisdiction which prohibits alcohol. , Aqua Vie's Non Alcoholic Wines should do very well. We welcome the opportunity to represent Aqua Vie Beverage Corporation." Tom Gillespie, Founder of Aqua Vie Beverage Corporation commented, "Batterjee Medical Services is a perfect fit for all four of Aqua Vie's Functional Beverage lines. With several very new active ingredients now added to the E- Line(TM) as well as to the Aquaceuticals(TM), and the proven ability of Aqua Vie's Hydrators(TM) to increase the consumption of personal consumption of spring water, the pharmaceutical services community as well as the retail distribution of Aqua Vie products throughout Saudi Arabia will be very exciting, and the potential for the Non-Alcoholic Wines is quite staggering." The first shipment to Saudia Arabia is scheduled for early January 1999 from Aqua Vie's California facility. By March, all production for the Saudia Arabia market is anticipated to be manufactured at Aqua Vie's aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. bottling facility located Valence, in S. E. France. Talks were also held on the potential for BMS to begin manufacturing Aqua Vie products in a possible joint venture to build a new aseptic bottling facility in or near Jeddah, to serve the entire Arabian Peninsula, Asia, and Africa. Lyons Magnus is one of California's largest manufacturers of beverages and fruit products and operates a state-of-the-art manufacturing facility where it currently bottles for Aqua Vie Beverage Corporation through a proprietary aseptic bottling process. Aqua Vie Beverage Corporation is exhibiting this week its "all natural", non-carbonated hydration hydration /hy·dra·tion/ (hi-dra´shun) the absorption of or combination with water. hy·dra·tion n. 1. The addition of water to a chemical molecule without hydrolysis. 2. beverages, functional beverages, and non-alcoholic wines at InterBev, the largest beverage trade show in the U.S. Aqua Vie produces the long awaited Hydrator(TM), a low calorie all natural product line of seven lightly flavored non-carbonated spring waters, designed to increase one's personal consumption of water, naturally. The underlying technology also serves as the new delivery system for Aqua Vie's "nutritionally fortified fortified (fôrt adj containing additives more potent than the principal ingredient. " E Line(TM); Elixir elixir /elix·ir/ (e-lik´ser) a clear, sweetened, alcohol-containing, usually hydroalcoholic liquid containing flavoring substances and sometimes active medicinal ingredients. e·lix·ir n. (TM), Empower(TM), and Ecstasy(TM), its nutritionally specific Aquaceuticals(TM), and Aqua Vie's Non-Alcoholic Wines made from spring water. For further information on Aqua Vie Beverage Corporation, visit our web site at: http://www.aquavie.com This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing, third-party suppliers and intellectual property rights, and other risks as may be detailed from time to time in the company's federal filings, annual report, offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. , or prospectus. |
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