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URBAN JUICE AND SODA COMPANY LTD. COMPLETES A REVERSE TAKEOVER

 VANCOUVER, British Columbia, May 27 /PRNewswire/ -- A beverage manufacturing company has gone public on the Vancouver Stock Exchange by way of a reverse take-over, whereby an established non-listed company takes over one already listed on the Exchange.
 Urban Juice and Soda Company Ltd. (Vancouver: UJS) resumed trading this morning at the opening. It trades under the symbol "UJS" and is classified as a "Venture" company.
 The company, with assets based in the United States is now involved in the marketing and distributing of premium beverage products. Urban Juice and Soda Company currently holds exclusive rights to two product lines, Just Pik't Juices of New York and Thomas Kemper Soda brewed in Poulsbo, Wash.
 The company has completed two private placements: the first one consisting of 480,000 shares at a price of $0.25 per share and the second one of 311,119 units at a price of $0.75 per unit. The units are composed of one share plus one warrant, which may be exercised at $0.85 per share during the first year of the warrant and $1.00 per share during the second year.
 The company's capitalization is 100 million shares with no par value, of which 4,788,323 are issued and outstanding (including 1,500,000 shares in escrow). Yorkton Securities Inc. is the sponsoring member, and Pacific Corporate Trust Co. is acting as the company's transfer agent.
 For further information, refer to the company's filing statement dated May 19, 1993.
 Urban Juice and Soda Company Ltd.
 President
 Peter Van Stolk
 1175A Charles St.
 Vancouver, British Columbia V6A 2J4
 604-253-2123
 -0- 5/27/93
 /CONTACT: David A. Laundy of Vancouver Stock Exchange, 604-689-3334/
 (UJS)


CO: Urban Juice and Soda Company Ltd. ST: British Columbia IN: FOD SU:

JB-LS -- LA035 -- 3107 05/27/93 16:21 EDT
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Publication:PR Newswire
Date:May 27, 1993
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