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ATLANTIC BEVERAGE ANNOUNCES INITIAL PUBLIC OFFERING

 BALTIMORE, Nov. 22 /PRNewswire/ -- Atlantic Beverage Company, Inc. (NASDAQ-NMS: ABEV) announced today it commenced an initial public offering on Friday, Nov. 19, of 1.1 million shares of its Common Stock at a price of $6.50 per share.
 Based in Baltimore, Atlantic Beverage is a leading wholesale distributor of specialty non-alcoholic beverages to the retail trade in the greater Baltimore and Washington metropolitan area. The company currently has exclusive distribution rights in its territory for several brands of juices, natural sodas, bottled waters and ready-to-drink iced teas.
 Brand name products distributed by the company under these exclusive distribution rights include Royal Mistic(R), Elliott's Amazing Juices(TM), Crystal Geyser(R), Deer Park(R), Tetley(R) bottled iced tea and 16-ounce bottled Boku(R). The company's product line generally consists of beverages that appeal to consumers seeking an alternative to traditional soft drinks. These beverages typically feature only natural ingredients and are marketed as premium products, primarily in a single- serve format.
 The company said it intends to use proceeds from the offering to repay debt and for general purposes, including possible acquisitions. All of the shares will be issued and sold by the company, and the company will receive net proceeds of approximately $6.1 million after deducting the underwriting discount and offering expenses payable by the company. The company also has granted the underwriters options to purchase an additional 165,000 shares of Common Stock at the initial public offering price to cover over-allotments.
 Managing underwriter for the transaction was Hamilton Investments, Inc. The company's shares began trading Friday on the NASDAQ National Market System under the symbol ABEV.
 -0- 11/22/93
 /CONTACT: John Izzo of Atlantic Beverage, 410-247-5857/
 (ABEV)


CO: Atlantic Beverage, Inc. ST: Maryland IN: FOD SU: OFR

JM-LJ -- PH019 -- 6865 11/22/93 14:11 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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