CORRECTING and REPLACING Tropical Beverage Announces Co-Packing Agreement Estimated to Be Worth over $500K in Its First Year.Business Editors CORRECTION...by Tropical Beverage Inc. SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Jan. 15, 2004 In BW6005 issued Jan. 13, 2004: Please replace the release dated Jan. 13, 2004 with the following corrected version. The corrected release reads: TROPICAL BEVERAGE ANNOUNCES CO-PACKING AGREEMENT ESTIMATED TO BE WORTH OVER $500K IN ITS FIRST YEAR; COMPANY ANTICIPATES AGGREGATE 720,000 CASES OF ANNUAL PRODUCTION Tropical Beverage, Inc. (Pink Sheets:TPBV), a manufacturer and distributor of value-added water-based beverages, announced today it has signed a co-packing agreement to use Palomar Mountain Palomar Mountain (păl`ōmär), peak, 6,126 ft (1,867 m) high, S Calif., NE of San Diego, in Cleveland National Forest. It is the site of the Palomar Observatory, operated by the California Institute of Technology. Spring Water as the sole source for 720,000 cases of spring water in the first 12 month period which will generate revenues for the company in the $500,000 to $800,000 range. Palomar Spring Water Source is not to be confused with Palomar Spring water, the brand. "Tropical continues to grow its business through co-packing arrangements with leading beverage companies looking to either produce their existing product line or add new products and possibly new package sizes to their present portfolio," said Chris Lotito, CFO See Chief Financial Officer. of Tropical Beverage, Inc. "This is just one of many co-packing agreements for Tropical which will increase our overall plant capacity and allow us more flexibility when it comes to new co-packing business and new product launches." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lotito, the spring water will be bottled with co-packing fees averaging around $1.00 per case during the first year. Tropical estimates the first shipment will be produced and delivered in February. Tropical Beverage (www.tropicalbev.com) develops and distributes value-added water-based beverages. Their extensive product line includes flavored waters, vapor distilled waters Noun 1. distilled water - water that has been purified by distillation H2O, water - binary compound that occurs at room temperature as a clear colorless odorless tasteless liquid; freezes into ice below 0 degrees centigrade and boils above 100 degrees centigrade; , ultra pure purified waters 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. , micro clustered waters(TM) and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). In addition to development and production, the company is in the process of further developing distribution and marketing strategies to further launch its products nationwide. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation. Disclaimer: The company relies upon the 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. Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are 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. . The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competition and other factors which may be identified from time to time in the company's public announcements. |
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