The Children's Beverage Group,Inc. Receives Final Bond Commitment
August 12, 1999 12:13 PM
NORTHBROOK, Ill.--(BUSINESS WIRE)--Aug. 12, 1999--The Children's Beverage Group, Inc. TCBG has officially received its complete and final bond commitment from its bond underwriter Roosevelt & Cross Incorporated of New York. The commitment states the following: Roosevelt & Cross has a bond fund committed to purchase a $7,420,000.00 tax-exempt industrial development revenue bond on behalf of The Children's Beverage Group, Inc.
Jon Darmstadter President & CEO of The Children's Beverage Group, Inc. TCBG states " We are pleased to have received our commitment in its finalized form and look forward to additional dollar commitments from The City of Rochester, The County of Monroe, and The State of New York. This will allow us to build our 'state of the art' beverage facility in the state of New York. This facility will allow The Children's Beverage Group, Inc to excel its growth at an unprecedented rate to meet the demand for our patented "self contained fluid dispensing system" known in the trade as the 'rip it sip it pouch.(TM)'
The Children's Beverage Group, Inc. is a unique beverage company directed at the billion dollar plus children's beverage market. The company's mission and goal has been to create cutting edge products using the latest in packaging technology. It features a patented no. 09/005,627, "Self-Contained Fluid Dispensing System" known in the trade as the 'rip it sip it' system. The company's products are being marketed by national retailers like Wal-Mart(R) WMT The company has been featured on the nationally broadcast television program "Emerging Public Companies...the Story Behind the Symbol."
The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company: the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of the implementation and the scope and success of the program described here.
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