Time to stop watching & jump onboard....Bond finacing is a DONE DEAL!!!!!
( BW)(IL-CHILDREN'S-BEVERAGE)(TCBG) The Children's Beverage Group, Inc. Closes on $9.98 Million Plus Bond Issue
NORTHBROOK, Ill.--(BUSINESS WIRE)--Oct. 7, 1999--The Children's Beverage Group, Inc. (OTC/BB: TCBG) is pleased to
announce today that it has completed its $9.98 million plus bond issue with the City of Rochester and State of New York. The purpose of
the bond issue is for economic development in the city of Rochester and State of New York.
Jon Darmstadter President & CEO of The Children's Beverage Group, Inc. said, "We would like to thank the Rochester funds, City of
Rochester, and State of New York for their belief and commitment in The Children's Beverage Group and this project."
The purpose of this bond deal is to build a state of the art pouch manufacturing facility utilizing the latest in technology for The Children's
Beverage Group's patented "self contained fluid dispensing system" known in the beverage trade industry as the 'rip it sip it pouch'?.
"We are elated that this bond issue is now closed and that we can continue to focus our efforts on building our 'state of the art' beverage
facility in the City of Rochester and State of New York. We have said from the onset that our commitment was to strengthen our financial
position and continue to grow our company's fundamentals by increasing our production and distribution of our products. This completion
of financing is the first step of three in achieving this goal," added Darmstadter.
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) (NYSE: 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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CONTACT: Investor Awareness, Inc.
Tony Schor, 847/945-2222
URL: www.investorawareness.com
or
The Children's Beverage Group, Inc.
Jon Darmstadter, 847/562-4040 |
