Clearly Canadian Announces Completion of Acquisition of Additional Distribution Rights.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 30, 1996--CLEARLY CANADIAN BEV (VSE See DOS/VSE. VSE - Virtual Storage Extended CLV (Constant Linear Velocity) Rotating a disk at varying speeds. By changing speed depending on which track is being accessed, the density of bits in each track can be made uniform. ., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on CLCDF.) -- The Company wishes to announce that on October 29, 1996 it completed the acquisition of the distribution rights for Clearly Canadian This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. beverage products for the States of Colorado, Utah, Wyoming, Iowa, Nebraska, Kansas, Missouri, Oklahoma, New Mexico, Minnesota, North Dakota, South Dakota and Texas. This acquisition, together with previously announced acquisitions, provides the Company, and its U.S. operating subsidiary, with direct involvement in the distribution of Clearly Canadian products in 33 States and in all Canadian Provinces and Territories (representing approximately 75 percent of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. population). These "Company Managed Territories" enable the Company to enhance distributor and retail product service and provide the Company with additional economics of scale for its marketing efforts in these regions. The Company acquired these distribution rights from one of the Company's master distributors, Vancol Industries, Inc. of Denver, Colorado ("Vancol"). The purchase price for the buy out of the distribution rights was based upon the number of cases of product sold by Vancol during the 12 months preceding the acquisition and is payable in three equal installments (one-third on closing and one- third on each of 45 days and 90 days following closing). -0- CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM), CLEARLY 2(TM), CLEARLY CANADIAN QUENCHER quench tr.v. quenched, quench·ing, quench·es 1. To put out (a fire, for example); extinguish. 2. To suppress; squelch: (TM) and ORBITZ(TM) flavoured and unflavoured beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN products are sold throughout the United States, Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and numerous other countries worldwide. -0- ON BEHALF OF THE BOARD OF DIRECTORS Douglas L. Mason Chief Executive Officer, President and Director The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Clearly Canadian Beverage Corporation Douglas L. Mason, 604/683-0312 604/ 683-2256 (FAX) Toll Free in U.S.A. 1-800-663-5658 Toll Free in Canada 1-800-663-0227 |
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