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Non-Tech : The Children's Beverage Group (TCBG)
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To: CUBBY who wrote (2435)8/16/1999 11:45:00 AM
From: BARRY ALLEN   of 2452
 
The City of Rochester Endorses TheChildren's Beverage Group, Inc. Project

August 16, 1999 11:19 AM

NORTHBROOK, Ill.--(BUSINESS WIRE)--Aug. 16, 1999--The City of Rochester has completed and submitted a $2.5 million loan application to HUD to help support and complete the bond financing package for The Children's Beverage Group, Inc. TCBG state of the art manufacturing facility in Rochester, NY.

Jon Darmstadter President & CEO of The Children's Beverage Group, Inc. TCBG states "With the additional funds forthcoming from The City of Rochester, this will complete our financing packaging, bringing the total to $9.9 million. This will be used to create the state of the art manufacturing facility in Rochester, NY. We look forward to the continued support from the City of Rochester and the State of New York. With the completion of this facility during the first quarter of the year 2000 and look forward to the creation of many jobs for the City of Rochester and the State of New York.

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".

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