BEVsystems Receives $7.5 Million Funding Commitment Through J.P. Carey Securities.Business Editors MIAMI--(BUSINESS WIRE)--Sept. 4, 2002 BEVsystems International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEVS BEVS Baculovirus Expression Vector System BEVS Build and Enhance Value Solutions ), a leading manufacturer and bottler of premium beverage products, today announced that it has secured a $7.5 million funding commitment from institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. of J.P. Carey Securities Inc., an Atlanta-based asset management firm serving small-to mid-capitalization companies. Proceeds from the expected funding will be used for general corporate purposes and future select acquisitions. Additional terms of the funding commitment were not announced. "J.P. Carey Securities has a solid reputation in supporting the funding needs of emerging growth companies and providing them with strategic financial advice," said Bob Tatum, chairman and chief executive officer of BEVsystems International, Inc. "Consistent with our corporate strategy, we are on track to address the operational needs of BEVsystems, expand the retail and licensing distribution networks for our LifeO2 brand, expand our distribution network and product mix, and accelerate the company's growth via acquisition strategy." Joseph Canouse, chief executive officer of J.P. Carey Securities, added: "We believe that BEVsystems has all the right ingredients for success: a sound business model, a well charted strategy for growth, effective management with great products and marketing. We are very pleased to be a part of the BEVsystems team and look forward to helping the company realize its growth potential." J.P.Carey Securities has invited BEVsystems to present to the National Investment Banking Association (NIBA NIBA National Insurance Brokers Association (Australia; established 1982) NIBA National Industrial Belting Association NIBA Northwest Indian Bar Association NIBA National Investment Bankers Association NIBA National Indian Business Association, Inc. ) Capital Conference in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded Sept. 12-14, 2002. NIBA is a trade organization comprised of 140 NASD-member broker/dealers. These firms employ more than 11,000 registered representatives in more than 1,400 offices throughout 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. and Canada. In the past 32 quarters, NIBA-member firms have raised approximately $7.4 billion in new capital. About J.P. Carey Securities J.P. Carey Securities is a NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). broker dealer that specializes in serving the needs of emerging growth companies. Established in 1995, J.P. Carey Securities has assisted both public and private companies raise more than $1 billion dollars in capital. About BEVsystems International Inc. Miami-based BEVsystems International Inc. (OTCBB: BEVS) is a fast-growing leader in the premium beverage industry. With sales in 22 countries, the success of its flagship Life02 SuperOxygenated Water brand, infused with up to 1,500 percent more oxygen via patented process and technology innovations, underscores BEVsystems' commitment to research and technology to deliver superior quality beverage products. A recently published peer review study in The European Journal European Journal is a weekly Deutsche Welle (DW) news program produced in English. It is broadcast from Brussels, Belgium and primarily covers political and economic developments across the European Union and the rest of Europe, as well as issues of particular concern to of Medical Research details the medical benefits of oxygen-enriched water. Visit www.bevsystems.com . "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement" Under 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 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions. |
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