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Avani International Group Inc. -- AVIG Continues Successful Expansion Into Foreign Markets With Their ``Oxygen Enriched'' Bottled Water Line.


Business Editors/Food Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 27, 2000

Avani International Group, Inc., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AVIG), a manufacturer and Distributor of the Avani line of "Oxygen Enriched" bottled water announced today they have successfully penetrated the markets of Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Australia, Malaysia and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

Avani has set up offices in Malaysia and has signed an agreement to transfer the company's technology and establish a factory with a Malaysian business group. Under the terms of the agreement, AVIG will license its technology to the Malaysian company for a period of 30 years, with automatic renewal for another 30 years. In return, the Malaysian company will pay AVIG a 2% royalty on gross revenues, and a licensing fee of US$500,000 per production facility, as well as 20% of the licensee's net profit.

Avani proprietary technology is able to produce more oxygen content than potable potable /pot·a·ble/ (po´tah-b'l) fit to drink.

po·ta·ble
adj.
Fit to drink; drinkable.



potable

fit to drink.
 water. This is to niche the health conscious and premium quality market segment whose demand in bottled water dramatically increases in these few years. We believe that our technological transfer accelerates the market penetration in overseas and turns our cash flow to positive.

About the Industry

The bottled water industry is the fastest growing segment of the beverage industry and trails only Soda and Beer, respectively, in total sales. This fact is evidenced by the emergence of several products lines being introduced by traditional soft drink giants, Coca-Cola Co., (NYSE NYSE

See: New York Stock Exchange
:KO) and PepsiCo Inc. (NYSE:PEP). In North America alone, the bottled water business is in excess of $4 billion a year.

About Avani International Group Inc.

Avani International Group, Inc. and its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Avani Oxygen Water Corporation is a two-fold company, technology and beverage. The company utilizes a state of the art proprietary technology to produce unique oxygen rich purified bottled water that sells globally under the Avani brand name. This technology produces a product with more oxygen content than potable water. The company operates out of a state of the art of a manufacturing facility in Vancouver, British Columbia. Currently the Avani product line is sold in 5 countries and represented in several major airlines outbound from Vancouver Canada including Cathay Pacific Airlines, Lufthansa Airlines and Eva Airlines. Further information can be found on the company's website WWW WWW or W3: see World Wide Web.


(World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site.
.AVANIWATER.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. .

(Signed) on behalf of the Board of Directors

"Robert Wang"

Robert Wang, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  

This announcement contains certain forward-looking statements that are subject to risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed in this announcement and in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update these forward-looking statements.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 27, 2000
Words:475
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