ALLEN "BUSY GUY" HARDMAN
--------------------
BEVEX RESUMES DESIGN & DEVELOPMENT OF BEVMARK 2000 BEVERAGE
8/16/99 6:15
Center;
Update... Annual Meeting, Board of Directors, New Zurich Office Location
SOLANA BEACH, Calif., Aug. 16 /PRNewswire/ -- Allen D. Hardman, president
of BEVEX Inc. (OTC Bulletin Board: BVEX), announced today that, ending a
six-month moratorium and following an extensive review of a number of beverage
mixing and filling technologies, the company has resumed design and
development of its new "BevMark 2000" beverage center.
Hardman indicated that the company has established strategic alliances
with several European companies whose new technologies are most pertinent to
the development of a beverage dispensing unit aimed at differentiation in the
marketplace. The company's new project team is comprised of companies
specializing in high-speed filling technology, precision proportioning and
mixing, system process controls and software, water cooling and carbonating,
and project design.
Hardman said that based on favorable preliminary testing on new
proportioning, mixing and filling technologies, BEVEX is proceeding with full
life-cycle testing for performance, reliability and repeatability on the
aforementioned core-technology components. This life-cycle testing is
expected to be completed in mid- or late September 1999. "Assuming the
life-cycle testing confirms the preliminary results, those problems having
plagued the beverage center since its inception will have been resolved.
Then, we can proceed with the development of a fully functional alpha unit
incorporating all of the planned operational features," said Hardman.
The new BevMark-2000 will have features and capabilities not available on
any of the consumer-direct beverage filling machines currently in the global
marketplace. The BevMark-2000 will also have a completely new look, a high-
tech user interface, more feature functionality, more options for customized
beverages for the consumer, truly modular design, and 80 - 90% less service
requirements than any of the company's previous beverage center designs.
"These new features are designed to significantly enhance the
opportunities to place beverage centers in the global marketplace and to
provide BetterStuff International, the company's operating unit, with a much
stronger competitive position than might ever have been possible with previous
designs," said Hardman.
BEVEX will hold its annual shareholders meeting on October 7, 1999, from
9:30 to 11:30 a.m. at the Zurich Marriott Hotel, located at Neumeuhlequai 42,
CH-8001, Zurich, Switzerland (telephone 01-360-7070; fax 01-360-7777). The
shareholders meeting will be followed by a lunch hosted by BEVEX. A detailed
agenda for the shareholders meeting will be announced within the next two
weeks, and invitations and proxy statements will be sent to shareholders of
record as of August 1, 1999. The specific structure of the new project team
and the role of each project team member will be discussed in detail at the
meeting.
Effective April 16, 1999, Heinz Amstalden, resigned as executive vice
president of BEVEX and is no longer associated with the company.
The BEVEX Inc. office in Switzerland has been relocated from the former
Technopark address to:
BEVEX Inc.
Unterortstrasse 3A
CH-8804 AU
Zurich, Switzerland
Tel: 41-1-683-2353
Fax: 41-1-683-2354
E-mail betterstuf@aol.com
Cellular: 41-76-381-2547
NOTE: Any statements released by BEVEX Inc. that are not purely
historical are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Editors
and investors are cautioned that forward-looking statements invoke risk and
uncertainties, including economic, competitive, governmental, technological
and other factors, that may affect the company's business prospects and
performance and cause them to differ from these forward-looking statements.
SOURCE BEVEX Inc.
-0- 08/16/99
/CONTACT: Allen D. Hardman of BEVEX Inc., 858-509-3279; or Madeleine
Franco of Jordan Richard Assoc., 801-268-8610, for BEVEX Inc./
/Web site: jordanrichard.com
(BVEX)
CO: BEVEX Inc.
ST: California, Switzerland
IN: FOD
SU: |
