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Clearly Canadian Beverage Corporation Press Release.


VANCOUVER, British Columbia -- Clearly Canadian Beverage Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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:CCBC CCBC Community College of Baltimore County (Maryland)
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) wishes to issue the following clarification to its release BW5426 (CLEARLY-CANADIAN) "Douglas Mason Settles Proceedings with the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
  • Official site
  • About the BCSC
" issued Thursday, August 26, 2004:

Clearly Canadian Beverage Corporation (TSX: CLV)(OTCBB: CCBC) reports that it has been requested by Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 ("Exchange") to provide a clarification to its News Release dated August 26, 2004, in which it reported that Douglas Mason, the Company's President, Chief Executive Officer and Director, had entered into a settlement agreement ("Settlement") with the British Columbia Securities Commission (the "Commission"). The Company reported in its previous News Release that it was pleased that the Settlement permits Mr. Mason to continue in his role as the Chief Executive Officer, President and Director of Clearly Canadian. The Company further reports that the Settlement restricts Mr. Mason from serving as a director or officer of any other issuer for a period of 12 months, other than for Clearly Canadian and for Columbia Yukon Explorations, Inc. ("Columbia Yukon"); from trading, directly or indirectly, in securities for a period of 12 months, other than trading which takes place through accounts held at a single registered dealer acceptable to the Commission; and from engaging in investor relations Investor relations

The process by which the corporation communicates with its investors.
 activities for a period of 12 months, except for investor relations activities with Clearly Canadian and Columbia Yukon. As previously reported, the full text of the Settlement is currently available on the Commission's website or is available from the Company on request.

About Clearly Canadian

Based in Vancouver, B.C., Clearly Canadian markets premium alternative beverages, including Clearly Canadian(R) sparkling flavoured water, Clearly Canadian O+2(R) oxygen-enhanced water beverage and Tre Limone(R) sparkling lemon drink which are distributed in the United States, Canada and various other countries. Additional information on Clearly Canadian may be obtained on the world wide web at www.clearly.ca.

CLEARLY CANADIAN BEVERAGE CORPORATION

Bruce E. Morley, Chief Legal Officer

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of various trademarks, including 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.
, produce, distribute and market CLEARLY CANADIAN(R), CANADIAN O+2(R) and TRE LIMONE(R).
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 2, 2004
Words:365
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