Clearly Canadian Sells Sun-Rype Block of Shares.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 1, 1999-- 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 Corporation ("Clearly Canadian") (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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 :CCBC CCBC Community College of Baltimore County (Maryland) CCBC Community College of Beaver County (Monaca, Pennsylvania) CCBC Caerphilly County Borough Council (Wales, UK) ) announced today that it has completed the sale of its entire shareholdings (1,230,576 shares) of Sun-Rype Products Ltd. ("Sun-Rype") at an average selling price The average sales price of goods or commodities. Especially used in the retail sector and technology distribution. of $2.95Cdn for total sale proceeds of $3,627,682Cdn. Together with the recently announced settlement with Coronation Insurance, in which the Company received $1,800,000Cdn, the Company has added a total of $5,427,682Cdn in cash to its working capital. Clearly Canadian intends to use some of the proceeds from the sale of the Sun-Rype shares to finance future acquisitions, anticipated product marketing and development costs, and the purchase of new, hi-tech labeling equipment for the Company's manufacturing facility located in Burlington, Washington Burlington is a city in Skagit County, Washington, United States. The population was 6,757 at the 2000 census. It is included in the Mount Vernon-Anacortes, Washington Metropolitan Statistical Area. History Burlington was officially incorporated on June 16, 1902. . "These recent cash proceeds will assist Clearly Canadian in pursuing some key corporate initiatives to grow our business. The investment in our manufacturing facility will enhance operations at the Burlington plant, which has proven to be a valuable asset for us as we expand our co-packing and home/office bottled water business in the Pacific Northwest," said Douglas L. Mason, 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. , Clearly Canadian Beverage Corporation. Based in Vancouver, B.C., Clearly Canadian is a leading producer of premium beverages, including Clearly Canadian(R) sparkling flavoured water, Clearly Canadian O+2(TM), REfresher and Orbitz(TM), which are distributed extensively in the United States, Canada and numerous countries worldwide. Clearly Canadian also holds the exclusive license to manufacture and distribute Battery(R) in the United States and Canada, and the exclusive distribution rights to distribute Jamaican Gold(R) in North America. Clearly Canadian also owns CC Beverage (U.S.) Corporation, which produces a line of alternative beverages for retail sale in North America and the Pacific Rim, and operates a home/office commercial delivery business in the U.S. Pacific Northwest. Additional information on the Company may be obtained on the world wide web at www.clearly.ca. Statements in this news release that are not historical are to be regarded as forward-looking statements which are subject to risks and uncertainties and that could cause actual results to differ materially. Such risks and uncertainties with respect to Clearly Canadian's business include general economic conditions, changing beverage consumption trends of consumers, pricing and availability of raw materials and political and economic uncertainties, including currency fluctuation in the countries in which Clearly Canadian carries on business. CLEARLY CANADIAN BEVERAGE CORPORATION Stuart R. Ross, Chief Financial Officer 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 CANADIAN O+2(TM), BATTERY(R), ORBITZ(TM), JAMAICAN GOLD(R) and other flavoured and unflavoured beverages. Oy Sinebrychoff Ab of Finland is the registered holder of the trademark Battery(R). New Jamaican Gold, Inc. is the registered holder of the trademark Jamaican Gold(R). |
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