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USA Sunrise Beverages, Inc. Announces Completion of the Acquisition of Avid Canada, Inc.

USA Sunrise Beverages, Inc. a South Dakota corporation; (BULLETIN BOARD: USBV) , today announced the completion of the acquisition of Avid Canada, Inc., an Alberta Province, Canada company involved in some of the latest technologies of microchip identification of animals and property. Pursuant to the Agreement, the Company (USBV) will issue 24,375,275 of its common shares to the Avid shareholders which will result in the shareholders of Avid Canada acquiring shareholder control of USA Sunrise Beverages, Inc.

Omar Barrientos, President of USA Sunrise Beverages, Inc. stated that the acquisition will convert USBV into a technology company which has some exciting new products and a management team that appears to be well qualified to lead the new company. It is anticipated that a name change and symbol change will occur in the next 20 days. The prior USBV directors have resigned concurrent with the closing and a new slate of officers and directors has been elected with Barry I. Bennett elected as the new President.

The statements made in this release contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although the statements are based upon the best judgments of management of the company as of the date of this release, significant deviation in magnitude, timing and other factors may result from business risks and uncertainties including without limitation, the company's dependence on third parties, market conditions, technical factors, the availability of outside capital and receipt of revenues, and other factors, many of which are beyond the control of the Company.

Please contact Barry Bennett, President of USA Sunrise Beverages, Inc., (Telephone No. 403-264-6300), for further information.

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Contact: Barry Bennett, President of USA Sunrise Beverages, Inc., +1-403-264-6300
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Publication:PR Newswire
Geographic Code:1CANA
Date:Oct 17, 2002
Words:330
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