Aqua Vie to Acquire Epilogue Corporation.

KETCHUM, Idaho--(BUSINESS WIRE)--Aug. 17, 1999--

Thomas Gillespie, president and chief executive officer of Aqua Vie Beverage Corporation (OTC BB:AVBCE), announced today that the company has executed a definitive agreement providing for Aqua Vie's acquisition of Epilogue Corporation, Washington, D.C., subject to Epilogue Corporation shareholder approval at the company's special meeting on August 23, 1999.

As a result of the transaction, Epilogue will become a wholly owned subsidiary of Aqua Vie, and the current shareholders of Epilogue will become shareholders of Aqua Vie Beverage Corporation.

Pursuant to the acquisition and under the provisions of Rule 12g-3 of the Exchange Act, Aqua Vie Beverage Corporation will elect successor issuer status to Epilogue Corporation, which will cause Aqua Vie to become a fully reporting company. Audited financial statements of Aqua Vie Beverage Corporation, which are currently being prepared, will be filed within 60 days of the acquisition.

"We are enthusiastic about the essentially non-dilutive acquisition of Epilogue Corporation, which is expected to increase the company's access to capital markets," said Gillespie. "This transaction is only the first of many positive developments for the company, and Aqua Vie's future looks bright," 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 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.