BEVsystems Signs Distribution Agreement for Latin America, Caribbean, and Bermuda.Business Editors MIAMI--(BUSINESS WIRE)--Feb. 13, 2003 BEVsystems International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEVI BEVI Baboon M7 Virus Integration Site ) announced today that, as part of previously announced plans to increase international distribution of it products, it has executed agreements with Wasser Merger, Inc. to distribute the Company's products throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Caribbean including Bermuda. Wasser's sister company, ERICA International, controlled by Wasser's Chairman Hermann Burkhardt, is a bottler of premium purified water Purified water can come from any source, including spring water, well water, seawater, or municipal water. This source water is then processed by reverse osmosis or deionization to produce a water that is indistinguishable from distilled water from any other source. . They have produced and distributed bottled water products throughout the Caribbean to large multi-national clients including Sam's Club, Intercontinental Hotels, Westin Hotels, and Hilton Hotels as well as being the only certified bottler for the US Navy in Puerto Rico. Erica is the only bottler in the Caribbean that is completely vertically integrated including its own blow molding equipment to manufacture plastic bottles for in-house bottled water production. Erica intends to supply the BEVsystems' plant in Clearwater, Florida with the plastic bottles BEVsystems needs to bottle Life O2 in the United States. The Company expects to shortly conclude a co-packing agreement with ERICA International for production of Life 02 in Puerto Rico, decreasing the cost to manufacture the Company's products by greater than 60%. The savings in production costs will position BEVsystems as an extremely competitive player in the increasingly congested con·gest·ed adj. Affected with or characterized by congestion. congested ENT adjective Referring to a boggy blood-filled tissue. See Nasal congestion. bottled water market. Mr. Hermann Burckhardt, Chairman and 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. of Wasser said: "I am very excited about this opportunity to make further inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into the water business in Latin America, specifically in the differentiated waters category. Our presence in Puerto Rico will be greatly enhanced by the introduction of this new product. We expect licensing agreements with Colombia, Mexico, Bermuda and the Bahamas to follow by the second quarter of the year. The existing licensing agreement with ECUSA ECUSA Episcopal Church in the United States of America in Chile will be used as our model." About BEVsystems International Inc. Miami-based BEVsystems International Inc. (OTCBB:BEVI) 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 of Medical Research details the medical benefits of oxygen-enriched water. Visit http://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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