D'Angelo Plant Capacity Filling up in First Full Pack Season.Business Editors BRAMPTON, Ontario--(BUSINESS WIRE)--Feb. 28, 2003 D'Angelo Brands, Inc. - (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DNGO) (the "Company") announces that, as its first full summer season approaches, plant capacity at it's manufacturing and processing facilities is expected to achieve a high level of utilization. "With the consolidation that has occurred in the industry in the last five years, I'm not surprised that our modern, high-speed facilities are receiving so much buyer attention " said Frank D'Angelo, Company President. Mr. D'Angelo added "because these plants were purchased at a deep discount to book value, and we are able to pool our technical expertise, we are also able to offer our customers highly competitive pricing". The company's bottling plant Noun 1. bottling plant - a plant where beverages are put into bottles with caps industrial plant, plant, works - buildings for carrying on industrial labor; "they built a large plant to manufacture automobiles" in Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen , and its processing plant in Tiverton, Ontario Tiverton (2001 census population 743) is a village located in Ontario, Canada. It is near the shore of Lake Huron on Highway 21 between Port Elgin, Ontario and Kincardine, Ontario. Tiverton is incorporated in the Municipality of Kincardine. , are now fully operational, following major equipment and maintenance enhancements in the latter half of 2002. Of particular note, in Mississauga, is the recent mandate from an established U.S. brand to be the exclusive bottler for a new, single-serving "healthy" water product, targeted for national U.S. distribution. At Tiverton, tests are underway with two major customers for the processing and bulk packaging of fruit and vegetable concentrates with large market potential in the eastern half of the Continent. Current competitive suppliers are shipping finished product from southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , pointing to a significant market opportunity for locally produced concentrates. "We are continuing to put a lot of effort into branded new products for 2003" said Mr. D'Angelo. " We are focussing on higher margin, niche products which will leverage our Tiverton processing capability in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with our high speed bottling and sleeving operation in Mississauga. This will give us the vertical integration needed to bring competitively-priced, innovative products to the grocery and food service marketplaces". D'Angelo Brands, Inc (OTCBB:DNGO) and its subsidiary D'Angelo Brands Ltd. and its predecessor group of companies have experienced over 20 years of successful operations within the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Food industry. The Company markets beverages under the D'Angelo name. They also produce and co-pack national and international recognized brand beverages. This statement includes projections of future results and "forward-lookingstatements" as that term is defined in Section 27A of the Securities Act of 1933 as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release other than statements of historical fact, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this statement including, without limitation, in conjunction with these forward-looking statements included in this statement. |
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