Tropical Develops Product for Schools -- Meets SB-19 Guidelines.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Dec. 5, 2003 Tropical Beverage Inc. (Pink Sheets:TPBV) is pleased to announce that it has developed a new line of beverages that target the new regulations set forth by the LA Unified School District A unified school district is a school district which includes both primary school (kindergarten through middle school or junior high) and high school (grades 9-12). In Illinois, these districts are called unit school districts. (LAUSD LAUSD Los Angeles Unified School District (Los Angeles, CA) ). LAUSD has passed a resolution to impose mandatory standards for beverages based upon the criteria set in the state assembly bill SB-19. The intent is to curb the ever increasing problem of obesity in children. The regulations take effect January 2004. More information can be found at http://www.nojunkfood.org/policy/. Tropical has produced a product that meets the guidelines of the school district and has received tentative approval. After test samples are verified the beverages will be on the approved product list. "The LA school system is a very large and lucrative market. This approval opens the door to that market and we are very excited," said Chris Lotito, CFO See Chief Financial Officer. of Tropical. "We are currently negotiating with distributors to set up distribution," he added. Tropical Beverage develops and distributes value-added water-based beverages. Their extensive product line includes flavored waters, vapor distilled waters Noun 1. distilled water - water that has been purified by distillation H2O, water - binary compound that occurs at room temperature as a clear colorless odorless tasteless liquid; freezes into ice below 0 degrees centigrade and boils above 100 degrees centigrade; , ultra pure purified waters, micro clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). In addition to development and production, the company is in the process of further developing distribution and marketing strategies to further launch its products nationwide. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation. Disclaimer: The company relies upon the 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. Laws of 1993, 1934, and 1995 for all public news releases Statements, which are not historical facts, 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. . The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, 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. , competition and other factors which may be identified from time to time in the company's public announcements. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion