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Samsung SDI Co., Ltd. and Universal Display Corporation Announce OLED Patent License Agreement
EWING, N.J. & SEOUL, South Korea
Universal Display Corporation
Dean Ledger, 800-599-4426
dledger@universaldisplay.com
or
Samsung SDI Co., Ltd.
Bryan Sohn, 82-2-727-3648
bryan.sohn@samsung.com
or
Gregory FCA Communications
Renee Rozniatoski, 610-642-8253, ext. 43
renee@gregoryfca.com
Universal Display Corporation:
Samsung SDI Licenses Universal Display's Proprietary
PHOLED(TM) and Other OLED Technologies for Use in
a Broad Range of Display Products
Samsung SDI Co., Ltd. (KSE:006400), a leading company in the fields of PDP, CRT and organic light emitting diode (OLED), and Universal Display Corporation (NASDAQ:PANL), a leading developer of OLED technologies for flat panel displays, lighting and other opto-electronic applications, today announced the signing of an OLED patent license agreement. The agreement paves the way for Samsung SDI to integrate Universal Display's proprietary OLED technologies into Samsung SDI's active-matrix OLED display products. Samsung SDI is today the largest supplier of passive-matrix OLED displays in the world.
Samsung SDI intends to introduce Universal Display's phosphorescent materials and associated technology in Samsung SDI's initial active-matrix OLED products. PHOLEDs have been shown to be up to four times more efficient than traditional fluorescent OLEDs, which is key for lower power consumption, less heat generation and longer operating lifetimes.
"UDC's phosphorescent materials, owing to their overall superiority to fluorescent materials in efficiency and color coordination, will contribute to Samsung SDI to benefit its customers with more visually attractive, much faster, and brighter OLED displays," said Eui Jin Yoo, Vice President and Head of AMOLED Operation Team of Samsung SDI. "The worldwide market for OLED displays is estimated to grow to $5.2 billion in 2008. We also expect that UDC's PHOLEDs having more saturated colors and cost saving advantages over the traditional fluorescent OLEDs would lead the OLED manufacturers to introduce OLED displays into the market quickly."
"Samsung SDI is an excellent partner and industry leader," said Steven V. Abramson, President and Chief Operating Officer of Universal Display. "We have been working with them for over four years, and we have both made significant progress through our collaboration. We are very excited to enter into the next phase of our relationship with Samsung SDI, as they move forward into volume manufacturing using our proprietary technologies. This licensing agreement is an important moment in the history of Universal Display, Samsung SDI and the entire OLED industry."
About Samsung SDI Co., Ltd.
Samsung SDI with 35 years of history is a leading company in the fields of not only the PDP, OLED, Mobile Display but also the CRT that is the initial product of SDI. With the world's best technology, such as the world's largest PDP panel of 102 inch, SGS (Super Grain Silicon) technology for OLED, digital-slim tube, Samsung SDI is leading the digital display world.
Samsung SDI has Seoul headquarters, Corporate R&D center in Kiheung and three domestic plants as well as a world production network of 13 plants based in 7 countries, and it will be the No.1 maker of the display and energy field by enhancing the next generation energy and new material businesses.
Samsung SDI is strengthening the business management of its community, environment and shareholders gaining respect and recognition by the customers and the fellow companies. The company became the first Korean company selected by Dow Jones Sustainability Index.
Visit Samsung SDI on the web at www.samsungsdi.com.
About Universal Display Corporation
Universal Display Corporation is a world leader in developing and commercializing innovative OLED technologies and materials for use in the electronic flat panel display and other markets. Universal Display is working with a network of world-class organizations including Princeton University, the University of Southern California, AIXTRON AG, AU Optronics Corporation, DuPont Displays, Inc., PPG Industries, Inc., Samsung SDI Co., Seiko Epson Corporation, Sony Corporation, Tohoku Pioneer Corporation and Toyota Industries Corporation. Universal Display currently has rights in more than 625 issued and pending patents worldwide.
Universal Display is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display's state-of-the-art facility is designed to further technology development, technology transfer to manufacturing partners and work with customers to develop products to meet their needs for flat panel displays. Visit Universal Display on the Web at www.universaldisplay.com.
All statements in this document that are not historical, such as those relating to Universal Display Corporation's PHOLED(TM) technology and potential applications of that technology, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled 'Factors that May Affect Future Results and Financial Condition' in Universal Display Corporation's annual report on Form 10-K for the year ended December 31, 2004. Universal Display Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this document.
WGAT takin off
looks like POPT wants to POP
Q2 looks good picked up some today.
2 PHBCA Members Named to Forbes Platinum 400
One Quarter of the Companies Highlighted in Forbes 'Supercharged' and 'Turbocharged' List Are PHBCA Companies NEW YORK - PRNewswire - Feb. 9
NEW YORK, Feb. 9 /PRNewswire/ -- The vast majority of members of the Public Home Builders Council of America (PHBCA) were named to the prestigious Forbes Platinum 400. The group is identified by the magazine as "America's Best Managed Companies."
Within the larger Platinum 400 list, just 12 companies were highlighted as "Turbocharged Companies," based on historical and prospective growth potential, and a mere eight companies were lauded as "Supercharged Companies," those expected to increase performance by a greater percentage than they had grown in the latest 12 months in terms of earnings per share and revenues. One quarter of the companies in both the "Supercharged" and "Turbocharged" categories were PHBCA member companies.
"The business model employed by the large public builders is geared for the long-term and focused on delivering consistent earnings growth and increased shareholder value," said James Zeumer, President of the PHBCA. "The recognition accorded these companies by Forbes magazine is true acknowledgement of how professionally managed the large builders have become."
The 12 PHBCA companies named to the Forbes Platinum list were Beazer Homes USA , D.R. Horton , Hovnanian Enterprises , KB Home , Lennar Corporation , MDC Holdings , Meritage Homes Corporation , Pulte Homes , Ryland Group , Standard Pacific Homes , Technical Olympic USA, Inc. , and Toll Brothers, Inc. .
The dynamic dozen that made Forbes "Turbocharged" list include three PHBCA member companies: Standard Pacific Homes, Technical Olympic USA and Toll Brothers, Inc. Toll Brothers, Inc. and KB Home were also among the eight companies named to Forbes "Supercharged" list.
The Public Home Builders Council of America (PHBCA) is a non-profit organization devoted to raising awareness and recognition for the expanding role that the public builders play as stable and growing providers of housing for millions of Americans. PHBCA consists of 14 of the leading public homebuilding companies within the broad $250 billion housing industry. PHBCA member companies are Beazer Homes USA, Centex Corporation, D.R. Horton, Hovnanian Enterprises, KB Home, Lennar Corporation, MDC Holdings, Meritage Homes Corporation, Pulte Homes, Ryland Group, Standard Pacific Homes, Technical Olympic USA, Toll Brothers, Inc. and WCI Communities. These companies build a wide array of single family and multi-family units that range from affordable homes for first-time homebuyers, to first and second time move-up homes, to luxury condominium towers to vacation homes for the active adult community. Operating in 37 states, the 14 PHBCA companies delivered over 231,000 new homes in 2003, or more than 20% of all new homes sold in the U.S. that year. In the top 25 housing markets, PHBCA members collectively held, on average, more than 25% market share in 2003. With more than 56,000 employees nationwide, PHBCA member companies had combined annual revenues of over $63 billion in their fiscal 2003 periods.
The views expressed in the foregoing are those of the Public Home Builders Council of America (the "PHBCA") and are not attributable to the individual company members of the PHBCA. The statements in this release that are not historical facts are forward-looking statements that represent the PHBCA's current expectations and assumptions based upon data currently available to and reviewed by the PHBCA. Should the data available to the PHBCA change or the PHBCA's underlying assumptions prove incorrect, actual results or developments may vary materially from those expected by the PHBCA. The PHBCA disclaims any obligation to update or revise the statements made in this release.
Public Home Builders Council of America
PANL seems to be recovering nicely. hopefully back above 9$ next week.
Beazer Homes Stockholders Approve Increase in Authorized Shares
Monday February 7, 9:38 am ET
Company Declares 3-for-1 Stock Split and Increased Quarterly Cash Dividend
ATLANTA--(BUSINESS WIRE)--Feb. 7, 2005--Beazer Homes USA, Inc. (NYSE: BZH - News; www.beazer.com) today announced that at the Company's annual meeting of stockholders on February 3, 2005 stockholders approved an amendment to the Company's certificate of incorporation to increase the number of authorized shares of common stock from 30 million to 80 million. Subsequent to the annual meeting, the Board of Directors declared a 3-for-1 split of Beazer Homes common stock in the form of a stock dividend.
The Board of Directors also declared a quarterly cash dividend of $0.10 per share on a post-split basis, effectively tripling the quarterly cash dividend. The Company's dividend policy will continue to be subject to review by the Board of Directors from time to time. Both the stock dividend and the cash dividend will be payable on March 22, 2005 to stockholders of record at the close of business on March 10, 2005.
Ian J. McCarthy, President and Chief Executive Officer of Beazer Homes, said, "The Board of Directors' decision regarding the stock split and effective increase in our cash dividend reflects our continued confidence in the Company's prospects for the future to both invest in the Company's growth and to allocate additional capital to dividends for our stockholders."
The Company also announced that, at the annual meeting, stockholders approved the election of seven incumbent members of the Board of Directors and the Company's Executive Value Created Incentive Plan, details of which are available in the Company's definitive proxy statement filed December 21, 2004.
Beazer Homes USA, Inc., headquartered in Atlanta is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition, potential liability as a result of construction defect, product liability and warranty claims, the possibility that the Company's improvement plan for the Midwest will not achieve desired results, and other factors described in the Company's Form S-3/A filed with the Securities and Exchange Commission on August 17, 2004 and Annual Report on Form 10-K for the year ended September 30, 2004.
--------------------------------------------------------------------------------
Contact:
Beazer Homes USA, Inc., Atlanta
Investor Relations & Corporate Communications
Leslie H. Kratcoski, 770/829-3764
lkratcos@beazer.com
yet another new High!
BUZZ A RULE TO CONSIDER
"ANY POST WITH DD OR TA INFO WILL BE DELETED!"
HOLDING VNTB FOR A ZILLION BAGGER!!!
UPDATE 4-Beazer Homes quarterly profit up 48 percent
Thu Jan 27, 2005 11:25 AM ET
(Recasts, adds comments from CEO, analysts, updates stock price; adds byline)
By Ilaina Jonas
FACT BOX
BZH.N (BEAZER HOMES)
Last:
155.45
Change:
+1.95
Up/Down:
+1.27%
Quote
Full Chart
Company Profile
Research Reports
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U.S. home builder shares slammed by high inventory
UPDATE 4-Beazer Homes quarterly profit up 48 percent
UPDATE 3-Beazer Homes quarterly profit up 48 percent
NEW YORK, Jan 27 (Reuters) - Beazer Homes USA (BZH.N: Quote, Profile, Research) , a home builder that caters to first-time buyers, on Thursday said quarterly earnings rose 48 percent on higher prices and margins.
Despite the sharp earnings increase, the company's stock fell in morning trading. One analyst said investors were disappointed that Beazer Homes did not raise its forecast for fiscal 2005 earnings.
For the fiscal first quarter ended Dec. 31, earnings rose to $69.7 million, or $4.70 per share, from $47.2 million, or $3.41 per share, a year earlier.
"These record results were achieved despite extremely difficult results in the Midwest and Charlotte (North Carolina) markets," Ian McCarthy, chief executive, said during a conference call with analysts.
The results include a $10 million charge for construction defects related to a previously disclosed class action suit against Beazer's Trinity Homes LLC unit.
Revenue climbed 12.6 percent to $911.8 million. The average price of a home rose 15 percent to $252,600 and gross margins rose 340 basis points, in part due to the company's mix of products and its ability to raise prices.
Analysts' average forecast was $4.36 a share on revenue of $984.9 million, according to Reuters Estimates.
"The company has been able to continue to grow, to say the least, at a very nice clip, despite weakness in the Midwest which is a major market for them," BB&T Capital Markets analyst John Kasprzak Jr. said.
A change in the rules for accounting for convertible debt reduced earnings by 30 cents a share, the company said.
Closings for the quarter fell 0.9 percent to 3,574 as the company saw declines in Nevada and Arizona. In addition delayed openings of new developments in Northern California, as well as the hurricane-caused delays in Florida and the Carolinas, meant some closings expected in the first quarter were postponed to later this year, James O'Leary, chief financial officer, said.
After a dizzying 2004, when U.S. homeownership reached record highs, home sales are expected to fall this year, with forecasts ranging from 5 percent to 7 percent. However, at least for the first half of the year, most large builders still will be working off orders taken in 2004.
Atlanta-based Beazer ended the quarter with a backlog of 8,427 homes contracted for and awaiting construction, up 18.3 percent. The value of the homes on backlog rose 42 percent to $2.35 billion.
New orders rose 7.3 percent in the first quarter to 3,545, Beazer said. The company attributed the growth to its markets in the Southeast, Central and Mid-Atlantic regions, offset by lower orders in the Midwest and West.
The company stood by its forecast for fiscal 2005 earnings of $20 to $21 per share.
Beazer shares were down $1.87, or 1.3 percent, to $144.49 in late morning trading on the New York Stock Exchange.
"The market has been used to the builders all raising guidance and they kept theirs the same," JMP Securities analyst Jim Wilson said.
WGAT on watch took off this afternoon.
ypnt looks to be bargain priced right now.
2nd, bob has a good point. If I was not in this stock I would not have known there are different types and strengths of Ginseng.
Beazer Homes USA Inc. Earnings Conference Call (Q4 2004)
Scheduled to start Thu, Jan 27, 2005, 10:00 am Eastern
nice recovery today possible gap at the open.
Looks like some vnet holders are misreading the news.
EAG running possible SHO list cover imo.
Toomuch I use Freetrade for pinks.
5k to open account
20 free trades per month
3$ per trade after that.
http://www.freetrade.com/
AMEX Sho list:
Symbol/Security Name/Market Category/Reg SHO Threshold Flag/Filler/Filler
AGG/iShares Lehman Aggregate Bond Fund/Amex/Y//
AVR/Avitar, Inc/Amex/Y//
AXJ/AXM Pharma, Inc/Amex/Y//
AYS/10% SPARQS Exchangeable for the Common Stock of Avaya Inc./Amex/Y//
BRN/Barnwell Industries, Inc/Amex/Y//
CPI/Capital Properties, Inc/Amex/Y//
CRF/Cornerstone Total Return Fund/Amex/Y//
DIO/Diomed Holdings, Inc/Amex/Y//
DJP/PLUS (Performance Leveraged Upside Securities) - Mandatorily Exchangeable for an Amount Payable in U.S. Dollars Based on the Value of the Dow Jones Industrial Average/Amex/Y//
DMX/I-Trax, Inc/Amex/Y//
DPP/Capital Protected Notes Based on the Value of the Dow Jones Industrial Average/Amex/Y//
EAG/Eagle Broadband, Inc/Amex/Y//
EIP/Eaton Vance Insured Pennsylvania Municipal Bond Fund/Amex/Y//
ELI/Elite Pharmaceuticals, Inc/Amex/Y//
EMI/Eaton Vance Michigan Municipal Income Trust/Amex/Y//
EMJ/Eaton Vance Insured New Jersey Municipal Bond Fund/Amex/Y//
EWA/iShares MSCI-Australia/Amex/Y//
EWI/iShares MSCI-Italy/Amex/Y//
EWL/iShares MSCI-Switzerland/Amex/Y//
EWN/iShares MSCI-Netherlands/Amex/Y//
EWS/iShares MSCI-Singapore/Amex/Y//
EWU/iShares MSCI-U.K./Amex/Y//
EWW/iShares MSCI-Mexico/Amex/Y//
EWY/iShares MSCI-South Korea/Amex/Y//
EWZ/iShares MSCI-Brazil/Amex/Y//
EXM/Excel Maritime Carriers Ltd/Amex/Y//
FEN/Energy Income and Growth Fund/Amex/Y//
FKL/Franklin Capital Corp/Amex/Y//
GFX/Media Sciences International, Inc/Amex/Y//
GLV/Clough Global Allocation Fund/Amex/Y//
GRU/GuruNet Corporation/Amex/Y//
HRT/Arrhythmia Research Technology, Inc/Amex/Y//
IGV/iShares Goldman Sachs Software/Amex/Y//
ILF/iShares S&P Latin America 40/Amex/Y//
IMM/Immtech International, Inc/Amex/Y//
ISI/iShares S&P 1500 Index Fund/Amex/Y//
IW.WS/Imageware Systems Wts 4/05/05/Amex/Y//
IXG/iShares S&P Global Financial Sector/Amex/Y//
IXJ/iShares S&P Global Healthcare Sector/Amex/Y//
IXN/iShares S&P Global Information Technology Sector/Amex/Y//
LFP/LifePoint, Inc/Amex/Y//
MDH/MHI Hospitality Corporation/Amex/Y//
MGN/Mines Management, Inc/Amex/Y//
MOR/Capital Protected Notes based on the S&P 500 Index/Amex/Y//
NMB/Nuveen Massachusetts Dividend Advantage Municipal Fund/Amex/Y//
NSN/10% SPARQS exchangeable for National Semiconductor Corporation common stock/Amex/Y//
OOO/SPDR O-Strip ETF/Amex/Y//
OTT/Otelco Inc/Amex/Y//
PGJ/PowerShares Golden Dragon Halter USX China Portfolio/Amex/Y//
PRL/Prolong International Corp/Amex/Y//
PWC/PowerShares Dynamic Market Portfolio/Amex/Y//
PWO/PowerShares Dynamic OTC Portfolio/Amex/Y//
QSQ/SPARQS exchangeable for common stock of Qualcomm Inc./Amex/Y//
RCO/Ramp Corp/Amex/Y//
RFR/RMR F.I.R.E. Fund/Amex/Y//
RWR/streetTRACKS Wilshire REIT/Amex/Y//
SND/10% SPARQS Mandatorily Exchangeable for common stock of NVIDIA Corporation/Amex/Y//
SNT/Senesco Technologies, Inc/Amex/Y//
STG/Stonepath Group, Inc/Amex/Y//
SZI/Segmentz, Inc/Amex/Y//
TAG/Tag-it Pacific, Inc/Amex/Y//
TBM/10% Targeted Growth Enhanced Term Securities (TARGETS) With Respect to the Common Stock of IBM/Amex/Y//
TPE/Teton Petroleum Corp/Amex/Y//
VBR/Vanguard Small-Cap Value VIPERs/Amex/Y//
VCF/Delaware Investments Colorado Insured Municipal Income Fund, Inc/Amex/Y//
VFL/Delaware Investments Florida Insured Municipal Income Fund, Inc/Amex/Y//
VMV/Van Kampen Massachusetts Value Municipal Income Trust/Amex/Y//
WMH/Wireless HOLDRS/Amex/Y//
20050107180001
EAG picked some up as well.eom
would be perfect for vnet.eom
Sounds intresting, lol
V-Net and Meritage Wine Brokerage Enter into an Agreement for Herbal Wines
BLUE ISLAND, Ill. & RANCHO CORDOVA, Calif., Dec 27, 2004 (BUSINESS WIRE) -- V-Net Beverage, Inc (Pink Sheets:VNTB.PK) and Meritage Wine Brokerage of California announced today an agreement has been reached for V-Net to supply Meritage with botanicals for their herb infused specialty wines. V-Net has secured an equity position in the company, as part of this agreement.
Meritage's President and CEO James Clements states, "V-Net's vast experience and network for sourcing high quality botanicals are essential for Meritage's quality control and marketing edge. V-Net's long-term relationship with the herb American ginseng and other botanical suppliers will insure an adequate supply to meet a national demand. Meritage can now confidently focus on national distribution of its specialty wine brands."
V-Net's President Robert Corr concurs with Meritage's estimation that herbal infused wines are the emerging trend in the wine category today. Mr. Corr further stated: "The use of botanicals in beverages since the early 1900's has slowly grown. However, a demand has emerged over the last 5 years and trends indicate that herbal infused beverages are now here to stay."
Meritage Wine Brokerage (www.meritagewinebrokerage.net) is a licensed, full service importer of fine wines from around the world. Meritage works with its international winery clients to provide Agent/ Broker services that assure their brands have the broadest market coverage to achieve their U.S. winery goals. Meritage also co-ordinates U.S. bottling of custom branded specialty wines for its distribution partners.
V-Net Beverages (www.enjoytherush.com) is the licensed marketing agent for Rush Herbal Cola (TM), Ginseng Rush (TM), Ginseng Rush XXX (TM) and Allimax Nutraceutical Water (TM). Additionally V-Net markets Micro Laboratories, Inc. MicroSpray(R) (OTC Bulletin Board:MLAR) and Fire Mountain Beverage Company (Pink Sheets:FRBV.PK) vitamin fortified beverages through their distribution channels.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
SOURCE: V-Net Beverage, Inc.
CONTACT: V-Net Beverage, Inc.
Robert Corr, 708-389-6625
or
Meritage Wine Brokerage
James R. Clements, 916-390-9730
jimclements@meritagewinebrokerage.net
Copyright (C) 2004 Business Wire. All rights reserved.
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KEYWORD: CALIFORNIA ILLINOIS
INDUSTRY KEYWORD: FOODS/BEVERAGES
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2004
ONT on a run.
EAG on watch vol up eom
Those who know about Modern, also know that this news is huge. eom
I agree when it gets to 009 gonna breakout! will be adding too.
from the allstocks board:
VNTB. Put this one back on the watchlist. Story: V-Net Beverages is presenting its products, as I write, at major natural foods convention in Florida, for the trade only. Natural/organic foods & products are $47 billion industry. VNTB has potential blockbuster product Allimax, based on patented form of stabilized allicin (from garlic), reported by scientists to kill some of the most harmful and drug-resistant microbes known to man. Also shrinks tumors, by one study. ---- Word is they're testing it on chickens to prevent outbreak of new avian viral influenza, already detected in Thailand and Vietnam. W.H.O. is scared to death and predicts 50-100 million people could die in coming bird flu pandemic.
looks good 2nd, thanks for the update.eom
EAG bouncing back.eom
EAG eom
Buzz, maybe you should post the ones you take off the streamer, so we can load up and get rich....murphy's law sucks
2nd, sounds good to me. If it does happen next week i believe it will run well over a .01+
jmho as always
Breeeeaaakout!~
should hit .005 soon, would be nice.
Finally! eom
Sweet call EVO!
Tropical Beverage Receives Large Orders for Essential O2
Wednesday October 13, 6:05 am ET
Orders Anticipated to Exceed 100,000 Cases a Month
SANTA ANA, Calif.--(BUSINESS WIRE)--Oct. 13, 2004--Tropical Beverage Inc. (Pink Sheets:TPBV - News), a producer and distributor of value-added, water-based products, today announced that it has received orders from a network of Southern California distributors for Essential O2, its hyper-oxygenated beverage. The network is comprised of over seven distributors, who are replacing a line of high-priced spring waters with the oxygenated product produced by Tropical. The initial orders will be over 10,000 cases a month per distributor. Anticipated volume will exceed 100,000 cases per month for Tropical.
"We are extremely excited about the first orders from this group. They are taking our product in and displacing sales for an existing beverage. This means the projected numbers are very conservative. This will really enhance the market presence for our oxygenated line of products," said Chris Lotito, CFO for Tropical Beverage Co.
Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor-distilled waters, ultra-pure purified waters, micro-clustered waters and waters with additives (including oxygen, caffeine, electrolytes, and other enhanced minerals and vitamins). They specialize in private-labeled water, and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.
Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified f