Blue Ribbon and Garden State Nutrition to Finalize Agreement.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Blue Ribbon blue ribbon denotes highest honor. [Western Folklore: Brewer Dictionary, 127] See : Prize International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). "BLRB BLRB Black Liquor Recovery Boiler (paper-manufacturing industry) ") announced today that it had reached a definitive agreement with Garden State Nutrition (GSN GSN Game Show Network GSN GCOS Surface Network GSN Gelsolin GSN Global Seismic Network GSN Government Security News GSN Gigabyte System Network (CERN) GSN GPRS Support Node (3GPP) ) for its initiative into the food supplement business. This agreement is scheduled for formal signature the week of November 1st, 2004. Michael W. O'Gorman, Blue Ribbon's Chairman and Chief Executive Officer stated "This is an update of an earlier announcement. The time spent in the last several months has allowed BLRB to refine the expectations of our efforts with GSN. Based upon the information provided by GSN, we expect that BLRB revenues for the first full year of joint operation with GSN could amount to $ 4 Million, which would represent earnings of two cents (2(cents)) per share. We expect tangible results starting in the second quarter of 2005." The Nutrition Twins, who are represented by Blue Ribbon, will be involved in the joint BLRB and GSN product development initiatives. The Nutrition Twins have attained national prominence from their book " Rev Up Verb 1. rev up - speed up; "let's rev up production" step up increase - make bigger or more; "The boss finally increased her salary"; "The university increased the number of students it admitted" 2. Your Metabolism ", published by Simon and Schuster. Mr. O'Gorman further stated " We are beginning to see interesting synergies. GSN has expressed a keen interest in the manufacture and distribution of some BLRB patented olive oil olive oil, pale yellow to greenish oil obtained from the pulp of olives by separating the liquids from solids. Olive oil was used in the ancient world for lighting, in the preparation of food, and as an anointing oil for both ritual and cosmetic purposes. based nutriceutical products imported from Greece, particularly an facial and body enzyme treatment. Similarly, we believe that BLRB can utilize the distribution arrangement currently under negotiation with a Master Distributor/Broker to find new outlets for the products developed or endorsed by the Nutrition Twins. Obviously, these additional projected results will have a positive impact on our revenue and earnings expectations and we will be advising our shareholders as these arrangements are solidified." THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (WITHIN THE MEANING OF SECTION 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BLUE RIBBON INTERNATIONAL, INCORPORATED HAS NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE SATISFIED INCLUDE MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN BLUE RIBBON INTERNATIONAL'S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR FINANCIAL CONDITION AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN BLUE RIBBON INTERNATIONAL'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. |
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