D'Angelo Ramps up Sales Volumes for First Full Pack Season.Business Editors BRAMPTON, Ontario--(BUSINESS WIRE)--Jan. 22, 2003 D'Angelo Brands, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DNGO) ( the "Company") announces that substantial firm orders have been received for fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. in the Company's fourth quarter (February - April 2003). In particular there have been sharp increases in year-over-year co-pack production orders for the market-leading Arizona brand of Iced Teas and Herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. drinks, and higher volume commitments on D'Angelo branded apple-based juices from leading Canadian grocery chains. It is expected that fourth quarter volumes will equal or exceed sales recorded in the total of the previous three quarters. "I'm very encouraged, though not surprised, by the sharp pick-up in volume in the pre-summer quarter," said Frank D'Angelo, Company Chairman. Mr. D'Angelo further commented, "The phase-in of our acquisitions last year did not leave us sufficient time to penetrate too deeply into our customer's high season business plans. 2002 was our start-up year and we established a sound platform for rapid growth in 2003, off a low cost base. We re-captured important shelf distribution in Canada and have continued to expand our co-packing capabilities with our largest customer." 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 25,000 square foot 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. , were not fully operational until June and November, respectively, in 2002. "I am also excited about our progress on new products for 2003. We are focusing 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. I am looking forward to a banner 2003!" said Mr. D'Angelo. New products will target traditional grocery channels, food service and value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. in food manufacturing, and will exploit bottled glass and plastic, and Cryovac packaging formats. 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 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 (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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