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Non-Tech : TPBV - Tropical Beverage, Inc.
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From: jmhollen1/19/2006 4:55:18 PM
   of 32
 
Tropical Beverage Retires 40 Million Shares; Company Reviews Deals from Business Partners and Revokes Shares for Non Performance
1/19/2006 9:46:11 AM

SANTA ANA, Calif., Jan 19, 2006 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it has retired 40 million shares of common stock that it issued pursuant to an agreement that it made last year. The terms of the agreement were not met and the company decided to retire the shares to make them available for other deals.

"We are making an effort to shore up the valuation of the companies assets and one of the important items we needed to clean up was retiring shares that we have been holding in escrow for deals that have not come through," said company spokesman Chris Lotito.

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 and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private-labeled water and have products in both domestic and international markets. 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.

SOURCE: Tropical Beverage Inc.
Tropical Beverage Inc.
Chris Lotito, 714-210-8998
www.tropicalbev.com

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