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AVBC - I tried to get it out as quick as I could to everyone this morning. The stock was virtually set free on 26 Sept 97 when the final order from bankruptcy was entered, approving the sale of all of AVBC's assets to the company's founder, Tom Gillespie. From 1991 to 1995, with the help of the beverage industry's icons as directors, AVBC became the beverage industry's first functional beverage company when it completed its test marketing of 4 new distinctive, all-natural product lines, which consist of 1) Hydrators: Waterflavors (non-carbonated) which is the foundation of AVBC's other products with a unique approach to personal hydration. 2) Nutritionally fortified spring water beverages, Elixir, Empower, and Ecstasy. 3) Nutritionally specific spring water through nutraceuticals, 4) Non-alcoholic wines from spring water. NOTE: was informed that these wines give the same mental effect without the alcohol, (you still get a buzz)
The complete development and testing of these products had a cost of approx. 20M dollars, utilizing some of the most latest flavor/fragrance research from International Flavors and Fragrance, as well as several newly patented technologies to achieve the creation of an entirely new category of beverages. Note: Please pay attention to "Newly Patented"
Immediately prior to the launching of many of its finished products in the USA, the company became the target of a hostile takeover attempt through the filing of an involuntary Chapter 11 by insiders. The attempt failed, but cost the company a delay of at least 3 years in the introduction of the still unique technologically unsurpassed product. There is still not a product like this on the market because it is PATENTED. Wisely, during the Chapter. 11, Mr Gillespie formed another company, AVA, as mentioned in the news article, as a vehicle to rescue AVBC from the court and those who attempted the takeover. The battle was unusually intense, however, Mr. Gillespie succeeded in purchasing ALL of the company's assets. Its tax loss carried forward, which is about 14M, which means they will not have to pay tax for approx 3-4 years. Litigation claims, and the corporate shell as a whole were also purchased. According to the notes, this stock already has all the equipment. There is nothing to buy. The development is entirely done and paid for. Trademarks and labeling have been done. Basically, there is no debt. The company is the same as it was when trading in the $4 range, but with NO DEBT.
There are approx 33M shares issued, 15M are insiders, and 18M in the float. The company already has people calling, and Gillespie also holds the client base that existed before. He has 66% of the distributors in the all-natural market ready to accept his product. Not to mention, he has also received calls from brokerage houses both about his stock and his product. Extremely conservative projections. The are figuring 2000000 cases in the first year. Projected net on 2M cases is 600K. He is already blowing bottles and is in the process of getting the shipment done. Shipping should begin in approx 45 days, after their lab for quality assurance gives the OK. There is approx. a shareholder base of 5000 shareholders. This was a NASDAQ stock before, and will probably be invited back in soon.
The company has already initiated bottling operations, which means they are doing a complete turnkey operation, with no need for research, further development needed, and sales already in place.
Please note that I am one who likes to follow men with foresight. I have stated so again and again. Don't I wish I had been around to buy Coca-Cola when it was pennies a share.
I want you to take a close look at some of the key management, advisors during AVBC's development: Tom Gillespie, founder
T. Gordon Sim - formerly director and co-founder of Clearly Canada
Ian R. Wilson - former Vice Chairman, Coca-Cola
Kevin E. Walsh, former CFO, Johnson & Johnson
Mark L. Stevens - former president, SunKist Beverages
Steven R. Wilson, former pres. Cadbury Beverages, presently CFO, RJR Nabisco
Michael C. Bellas, founder & pres., Beverage Marketing
Arthur S. Pearson, former Marketing Cons. to Capital Cities/ ABC
I don't know about y'all, but I am totally impressed by this staff of advisors. I will try to research and find out how many are still directly connected with the company. I don't want to say they are still, because I may have misunderstood Mr. Gillespie. This is an absolutely phenomenal list of names connected with this company. |
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