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AQUA VIE RECEIVES SUBSCRIPTIONS TO $4 MILLION IN PRIVATE PLACEMENTS

 KETCHUM, Idaho, Dec. 14 /PRNewswire/ -- Aqua Vie Beverage Corp. (OTC Bulletin Board: 3AVBC) announced today that it has received subscription agreements for over $4 million in private placements of restricted stock. This is over half of a European private placement offering of $7.4 million that began on Dec. 10, 1992. The company has not closed escrow on the subscriptions received but expects to do so by the end of the year.
 In commenting on the announcement, Tom Gillespie, Aqua Vie's president, stated, "We are very pleased with the rapid pace at which the private placement is coming together. This additional funding will enable the company to complete standard quantitative NASDAQ listing requirements."
 The company made application for a NASDAQ listing on Nov. 17. NASDAQ has been able to provide increased liquidity, competition and capital investment in its securities through the use of its innovative, computerized system, which provides multiple market makers in each security. The average NASDAQ security is represented by 11 market makers. Aqua Vie is currently represented by 17 market makers on the OTC Bulletin Board.
 The additional funding will also provide the capital needed by the company to accomplish its distribution plans for the rest of the United States and Western Europe by early 1993.
 Aqua Vie Beverage Corp. produces and markets its Non-Carbonated, Lightly Flavored Spring Water Beverages in five distinct flavors in 25 states. The company anticipates it will have a national distribution system in place by year end, and the addition of two more bottling plants in early 1993.
 -0- 12/14/92
 /CONTACT: Diane Karban of Aqua Vie Beverage Corp., 208-726-2555/
 (3AVBC)


CO: Aqua Vie Beverage Corp. ST: Idaho IN: FOD SU:

LM-JH -- SE004 -- 6829 12/14/92 15:18 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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