Atlantic Beverage Company corrects figure in second financial table of earnings release.

--(BUSINESS WIRE)--Aug. 5, 1996--

In BW1130 (ATLANTIC-BEVERAGE), Atlantic Beverage Company, Inc. Announces 1996 Second Quarter and Six Month Financial Results; in the second financial table, Summary of Financial Results, the Other Income figure for the Six Months Ended June 30, 1996 should read xxx 420,334.

The corrected table follows: -0-

                     ATLANTIC BEVERAGE COMPANY, INC.
                      Summary of Financial Results
                             (Unaudited)

                                         Six Months Ended June 30,
                                           1996           1995

Net Sales                              $71,226,302    $10,795,185
Gross Profit                             8,621,345      3,038,945

Salaries & Benefits                      3,769,552      1,581,142
Other Operating Expenses                 3,924,414      1,145,288
Depreciation & Amortization                489,463        169,321

Income from Operations                     437,916        143,194

Interest Income                             13,331          8,811
Interest Expense                           496,727          8,824
Other Income                               420,334              0

Income  Before Income Tax Provision        374,854        143,181
Income Tax Provision                             0              0
Net Income from Continuing Operations      374,854        143,181

Loss from Discontinued Operations                0      (258,474)

Net Income (Loss)                          374,854      (115,293)

Net Income Per Share from
 Continuing Operations                 $      0.09   $       0.04

Loss Per Share from Discontinued Operations
                                     $        ---    $     (0.11)

Net Loss Per Share                      $     0.09  $      (0.07)

Weighted Average Common Shares
  Outstanding                            4,360,000      2,725,455
-0-

CONTACT: ATLANTIC BEVERAGE COMPANY, INC.

Company Contact

John Izzo, Chief Financial Officer

[phone]

or

Investor Relations Contact

Donna N. Stein/Cindy Hintelmann

Press: Stacy Berns

[phone]