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GREAT PINES WATER COMPANY FILES REGISTRATION STATEMENT

 HOUSTON, Aug. 2 /PRNewswire/ -- Great Pines Water Company, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission in connection with its proposed initial public offering of 500,000 common shares at a price of $5.00 per share. The proceeds of the offering will be used by the company to increase working capital, expand its customer base in Houston and initiate services in Dallas, and repay indebtedness.
 Great Pines Water Company, Inc., a Texas corporation, processes, bottles and delivers water to homes and businesses in Houston under the brand name Texas Premium Waters.
 The registration statement relating to these securities has not yet been declared effective by the SEC. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement is declared effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful.
 For a copy of the preliminary prospectus contained in the registration statement, contact: Robert Hammond of Great Pines Water Company, Inc., 600 North Shepherd, Suite 303, Houston, Texas, 77007; telephone 713-864-6688.
 -0- 8/2/93
 /CONTACT: Robert Hammond of Great Pines Water Company, Inc., 713-864-6688, or Philip Taggart of The Philip Taggart Company, 713-961-1724, for Great Pines Water Company/


CO: Great Pines Water Company, Inc. ST: Texas IN: FOD SU: OFR

MP -- NY049 -- 8300 08/02/93 10:58 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
Words:259
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