China Welcomes Queench, Inc.Business Editors JERICHO Jericho, city, West Bank Jericho (jĕr`ĭkō) [Heb.,=fragrant, or city of the moon god], Arab. Ariha, town (2003 est. pop. , N.Y.--(BUSINESS WIRE)--Feb. 20, 2004 Queench, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : QENC) today announced its entry into the Chinese marketplace. This represents a substantial international opportunity that will have a positive impact on future financial results for Queench, Inc. With a 16,553,600 CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ($2 Million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) deal in place, Queench water will be manufactured and distributed in China and be made available to the over 12.8 million residents of Beijing. The move follows a large-scale distribution push. Distribution will begin as early as the first week of March, 2004. The Queench water products will have Joseph Cheung to oversee their distribution. Joseph Cheung owns Waterfront Baskets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , one of the largest international flatware manufacturers. A report by researchandmarkets.com points out that there is a rapidly developing market for bottled water in China, including both the private consumer and institutional markets. Queench water coolers will become increasingly popular in China as people demand cleaner drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. . The popularity of water coolers in China is also fueled by the sometimes lack of availability of boiled water in older office buildings. Experts noted that consumers prefer bottled water as it is more "natural" than soda drinks and cleaner than tap water. The country spends an average of 500,000,000 CNY ($60 Million USD) on drinking water annually. "It's not just about drinking. It's about improving health by drinking a better product," said Lyndell Parris, President 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 Queench, Inc. "Finding the markets where our product is needed will help us improve the success of our business. We already have international exposure, but now we want to take it a step further." China is recognized as a key market for Queench, Inc. by its top executives, who are ready to take advantage of this inter-continental exposure. Joseph Cheung said, "I'm happy to be able to bring such a remarkable product into China where we have a strong demand for it." Prices for Queench products in China have yet to be determined but will remain competitive as they are in 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. About Queench, Inc. Queench, Inc. is a publicly held beverage and food company. Queench holds 24-year leases on four natural springs located in Canada, Florida, New York Florida is the name of some places in the U.S. state of New York:
"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: Any prediction of the future in inherently not assured. This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements containing the words "anticipates," "believes," "intends," "estimates," "expects," "projects" and similar words. The forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied by such forward looking statements. Such factors include, without limitation, stability of procurement costs for raw and packaging materials, competitive activities by national, regional and retailer brand beverage manufacturers, the Company's ability to integrate acquired businesses into its operations. The foregoing list of factors is not exhaustive. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward looking statements. The forward looking statements contained herein speak only of the Company's expectation as of the date of this press release. The Company disclaims any obligations to update any such factors or publicly announce the result of any revisions to any of the forward looking statements contained herein to reflect future events or developments. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion