Leading Brands, Inc. Responds to Press Release Issued by Futuristic Brands.Business Editors/Legal Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 19, 2004 LEADING BRANDS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 :LBIX), North America's only fully integrated premium beverage company, responded to a press release issued Wednesday by Futuristic fu·tur·is·tic adj. 1. Of or relating to the future. 2. a. Of, characterized by, or expressing a vision of the future: futuristic decor. b. Bands USA, Inc., reporting that Futuristic had filed a lawsuit against Leading Brands. Leading Brands believes this purported action is in response to a lawsuit against Futuristic and other parties, initiated by Leading Brands in October 2003. That action alleges numerous violations of agreements, fiduciary responsibilities and other obligations by Futuristic, Thomas Lines and others, including the former president of the company's subsidiary, Leading Brands of America, Inc. Leading Brands Chairman & 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. Ralph D. McRae said that the Company has not received the complaint described in Futuristic's press release, but categorically denies these allegations. The company will vigorously defend any action brought by Futuristic, as well as actively pursue its own complaints against Futuristic and the other defendants. The company believes that neither of these disputes have or will have a material consequence to the company or its business. About Leading Brands, Inc. Leading Brands, Inc. (NASDAQ:LBIX) is North America's only fully integrated premium beverage company. The Company's unique Integrated Distribution System (IDS)(TM) offers turnkey, one-stop shopping to food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. brand owners, including manufacturing, distribution, sales/marketing and licensing. In addition, Leading Brands produces their own line of beverages such as TREK(R), Pez(R) 100% Juices(TM), Soy2O(TM), Country Harvest(R) Juices, Caesar's(R) Bloody Caesar Bloody Caesar Noun a drink consisting of vodka, juice made from clams and tomatoes, Worcester sauce and Tabasco Cocktails, and Cool Canadian(R) Water. Statements in this news release that are not historical are to be regarded as 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. which are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties with respect to the Company's business include general economic conditions, weather conditions, changing beverage consumption trends, pricing, and the availability of raw materials and economic uncertainties, including currency. We Build Brands(TM) (C)2004 Leading Brands, Inc. This news release is available at www.LBIX.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion