And the beat goes on...so what is another "Key" player doing today??? La-Van Hawkins is still out there hustling.
Very strange...
Queench, Inc. Announces Signed Deal; La-Van Hawkins to Serve on Queench Board
Queench, Inc. is a publicly held beverage and food company. Queench holds 24-year leases on four natural springs located in Canada, Florida, New York and Oregon and distributes bottled water product lines and Perfect Whip a all-organic nutriceutical soy-based food products.
JERICHO, NEW YORK-February 17, 2004-Queench, Inc. (OTC: QENC) today announced that it has signed a deal to authorize a 25% equity stake to Hawkins Food Group, LLC. The deal, which covers 5 million newly issued shares of Queench, Inc. common stock, will provide Queench with a major foothold in new markets. By leveraging Hawkins Food Group's distribution network in the restaurant industry, the contract will result in an increase in Queench's annual sales of $30 million. Hawkins Food Group's CEO, La-Van Hawkins, will also take a seat on Queench's board of directors.
Queench provides premium bottled water products and flavored water beverages to fashion- and health-conscious consumers. In taking a 25% stake in Queench, Hawkins Food Group is fulfilling part of its overall strategy to diversify into new and high-growth markets.
"Bottled water is one of the fastest growing market niches in the food and beverage industry," said Mr. Hawkins. The agreement with Hawkins Food Group also positions Queench favorably to reach discerning consumers throughout the Midwest and beyond.
"We are delighted to be aligned with La-Van Hawkins and Hawkins Food Group," said Lyndell Parris, President and CEO of Queench. "We believe that this partnership will enable us to successfully penetrate new geographies, reach even more of our target consumers and build shareholder value."
About Queench, Inc.
Queench, Inc. is a publicly held beverage and food company. Queench holds 24-year leases on four natural springs located in Canada, Florida, New York and Oregon and distributes bottled water product lines and Perfect Whip a all-organic nutriceutical soy-based food products. Its mission is to provide superior enhanced bottled water and food products to the world through innovative business and marketing strategies, industry alliances and cutting edge technology.
About Hawkins Food Group, LLC
Hawkins Food Group, LLC, is a Detroit-based corporation whose mission is to provide American consumers with premium brands that embody the highest standards in quality, value and service. Current holdings include Detroit fine-dining establishment Sweet Georgia Brown, 55 Blockbuster Video franchises and substantial ownership stakes in Queench, Inc. and New World Aviation, a charter company. CEO La-Van Hawkins builds successful businesses by drawing on deep experience in the food, restaurant and retail industries. He has been a major owner of Pizza Hut and Burger King restaurants and a substantial franchisee for the Checkers burger chain.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any prediction of the future in inherently not assured. This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements containing the words "anticipates," "believes," "intends," "estimates," "expects," "projects" and similar words. The forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied by such forward looking statements. Such factors include, without limitation, stability of procurement costs for raw and packaging materials, competitive activities by national, regional and retailer brand beverage manufacturers, the Company's ability to integrate acquired businesses into its operations. The foregoing list of factors is not exhaustive. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward looking statements. The forward looking statements contained herein speak only of the Company's expectation as of the date of this press release. The Company disclaims any obligations to update any such factors or publicly announce the result of any revisions to any of the forward looking statements contained herein to reflect future events or developments.
FOR FURTHER INFORMATION PLEASE CONTACT:
Queench, Inc.
Investor's Info:
John Alexander
516-997-4047
investorcommunications@queench.tv
or
Cornita Cole
info@queench.tv
www.queench.tv
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