Cott Announces 2nd Step In Establishing Spring Water Bottling Network Across Canada; Forms Alliance With Iroquois Water Ltd.Business Editors TORONTO--(BUSINESS WIRE)--Feb. 7, 2002 Following an announcement made earlier this week to form an alliance with J.D. Iroquois Enterprises Ltd. to purchase spring water bottling assets in Revelstoke, BC., Cott Corporation (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 :COTT; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band ) today announced an alliance with Iroquois Water Ltd. in strategic move aimed at further strengthening its position in the spring water segment. Today's announcement was made at a press conference in Cornwall Island Cornwall Island is a small island with an area of 2,358 km² in the high arctic region of Nunavut, Canada. It measures about 90 km (75 miles) long and 30 km (20 miles) wide. The tallest peak, Mount Nicolay on the north coast, rises to 350 m (1148 ft) above sea level. , Ontario. Cott's participation as a minority owner is viewed as a unique alliance, linking a corporation and a First Nations enterprise in a business combination. "Combining Cott's expertise in the beverage business with Iroquois Water's strategic location and passion for this business is an ideal mix," said Mark Benadiba, president Cott Beverages Canada. "This venture will add tremendous strength to Cott's growing water program." Chief Paul Thompson of the Saint Regis Saint Regis (or St. Regis) may refer to John Francis Regis, recognized as a saint by the Roman Catholic Church. Other uses of the name include: Places
A Tribal Council anticipates unprecedented growth and opportunity for Iroquois Water and the Mohawk community of Akwesasne." "Our alliance with Cott represents a strategic move that will allow Iroquois Water branded product to penetrate the lucrative Eastern Canadian and the North East 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. markets, said Dan Villeneuve, President & 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 Iroquois Water. "It is also a commitment to the people of Akwesasne and a very large boost to the long-term economic benefit of the entire area." Iroquois Water, which is based on Cornwall Island, Ontario, in the Mohawk territory of Akwesasne, is a company of the First Nations of America. Facilities at Iroquois Water include bottling and water treatment capacity, as well as fully computerized operations. The alliance with Cott allows Iroquois to move forward with plans to install a new high speed bottling line “Bottling” redirects here. For the act of abuse at concerts, see Bottling (concert abuse). Bottling lines are production lines that fill a product, generally a beverage, into bottles on a large scale. , which will include bottle blowing and state-of-the-art filling equipment. Both companies are allocating some of their best technical resources to the project to ensure the equipment reaches peak operating efficiency in an aggressive timeline. The move allows Cott to further expand its expertise in retailer branded soft drinks to bottled water -- the fastest growing segment of the beverage category. It also allows the Company to offer a one-stop-shop to its customers ranging from premium quality soft drinks to spring water. The press conference included representatives from both Cott and Iroquois Water. Full terms of the agreement were not disclosed. About Cott Corporation Cott Corporation is the world's largest retailer brand soft drink supplier, with the leading take home carbonated soft drink market shares in this segment in its core markets of the U.S., Canada and the U.K. 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. Statements This press release contains forward-looking statements reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions, and include, without limitation, stability of procurement costs for raw and packaging materials, adverse weather conditions, competitive activities by national, regional and retailer brand beverage manufacturers, the Company's ability to integrate acquired business into its operations, fluctuations in currency versus the U.S. dollar, the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and retailers' continued commitment to their retailer brand beverage programs. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to publicly update or revise any forward-looking statements. |
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