ChampionLyte Products, Inc. New Trading Symbol is CPLY; New Symbol the Result of Company Name Change.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Oct. 5, 2001 Effective October 3, 2001, the trading symbol Trading symbol See: Ticker symbol for ChampionLyte Products, Inc. is CPLY. Due to a publication error, the new symbol was reported incorrectly in various media outlets earlier this week. The new symbol is a key element in the Company's name change from Meridian USA Holdings, Inc. (MUSD) to ChampionLyte Products, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPLY). ChampionLyte Products, Inc. is the developer and marketer of ChampionLyte(R), the only sugar-free, calorie-free, carbohydrate-free sports drink sports drink Performance drink Sports medicine A thirst-quenching beverage used in sports-related activities, which may boost energy and/or help build muscle mass; water, sugar, salt, potassium are common to all SDs. See Hydrotherapy, Water. on the market and Sweet `N Low(R) sugar-free syrups. "We made the Company name change to better reflect the rapidly growing consumer recognition of ChampionLyte(R)," Alan Posner, 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 ChampionLyte Products. "The stock symbol was changed to coincide with the company name change." ChampionLyte(R) is the first completely sugar-free entry into the $2.3 billion isotonic isotonic /iso·ton·ic/ (-ton´ik) 1. denoting a solution in which body cells can be bathed without net flow of water across the semipermeable cell membrane. 2. sports drink market. The products that currently dominate the market have between 33 and 38 grams of sugar and up to 150 calories in a 20 ounce bottle. ChampionLyte(R), is the only sports drink with the benefits of electrolyte replacement without sugar, fat, calories or carbohydrates. All four flavors, lemon-lime, orange, grape and fruit punch, were awarded the 2000 and 2001 American Taste Award of Excellence. The Company said it will soon introduce two new flavors of ChampionLyte(R) - Pink Lemonade and Blue Raspberry(TM). ChampionLyte Products is also the developer of the proprietary Sweet'N Low(R) brand sugar-free, fat-free and cholesterol-free syrups which are sold in more than 20,000 retails outlets throughout the nation including Krogers, Winn Dixie, Albertsons, Shop Rite, Stop & Shop, Jewel and Wal-Mart SuperCenters. The syrups are also exported to several foreign countries. "The new company name does not diminish the important role that Sweet'N Low(R) syrups play in our business operations," said Posner. About ChampionLyte Products ChampionLyte Products, Inc. is a fully reporting public company whose shares are listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. and are traded under the stock symbol CPLY. Through its subsidiaries, The Old Fashioned Syrup Company, Inc., and ChampionLyte(R), a sports drink division, it develops, markets and sells sugar-free, fat-free and cholesterol-free products to retailers and food service customers nationwide. The Company is the exclusive licensee of Cumberland Packing Corp. for use of the Sweet'N Low(R) brand for its proprietary line of sugar-free, fat-free and cholesterol-free syrups, currently available in three flavors, chocolate, strawberry and vanilla creme. 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 provides a "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. " for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Editors Note: Product photos as well as samples of ChampionLyte(R)are available upon request. |
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