Aqua Vie Now Fully Reporting as Trading Resumes Under Symbol OTC BB `AVBC'.KETCHUM, Idaho--(BUSINESS WIRE)--Sept. 2, 1999-- Thomas Gillespie, president and chief executive officer of Aqua Vie Beverage Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AVBC AVBC Aqua Vie Beverage Corporation (stock symbol) ), announced today that the company is now fully reporting and has achieved compliance with eligibility rules eligibility rules, n.pl the conditions that define who may be entitled to dental benefits, when persons first become entitled to such benefits, and any provisions that determine how long an individual remains entitled to benefits. governing the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . Pursuant to a merger with Barhill Acquisition Corp. (Barhill), an Exchange Act fully reporting company, and the timely filing of an 8-K with the Securities and Exchange Commission (SEC) describing the merger, AVBC has elected successor issuer status under Rule 12g-3 of the Exchange Act. As a result, the common stock of Aqua Vie Beverage Corporation has resumed trading on the OTC Bulletin Board under the symbol "AVBC." The aforementioned 8-K (accession number: 0001021432-99-000118) will be available through the SEC's EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. system. The initial 8-K, filed on September 1, 1999, will be followed by an amended 8-K, which will contain audited financial data and other detail not previously provided. Aqua Vie was one of dozens of companies whose symbol had been designated with an "E" following notification by the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). in early August that such companies were slated for relegation RELEGATION, civil law. Among the Romans relegation was a banishment to a certain place, and consequently was an interdiction of all places except the one designated. 2. It differed from deportation. (q.v.) Relegation and deportation agree u these particulars: 1. to the "Pink Sheets" as of September 2, assuming a failure to comply with NASD rules requiring that all companies traded on the OTC Bulletin Board be fully reporting. Aqua Vie, which achieved compliance through the aforementioned merger and election under Rule 12g-3, is one of very few of those companies whose stock remains trading on the Bulletin Board as of September 2, 1999. Aqua Vie was also the only one of the designated group that chose the merger/successor issuer election method of compliance. "The experience of the last 90 days has been intense and challenging, and yet very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. . The company is now fully reporting and compliant with regulation, able to resume trading on the Bulletin Board. Crisis behind us, and with the decks finally cleared, Aqua Vie can now focus on its core strengths, identifying and capitalizing on opportunities in the marketplace," said Gillespie. "As for our ultimate goals, I'd like to emphasize that we haven't come this far, and fought so hard to get here, inspired by a vision of becoming just `average,'" Gillespie said. 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 half-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 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 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 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. 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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