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Gourmet's Choice Announces Start Date for Bottled Water Production in Vietnam
SAN FRANCISCO, Jan. 12 /PRNewswire/ -- Gourmet's Choice (0TC Bulletin Board: GMCH) announced today that it will begin production at its bottled water plant in Vietnam on January 27th. Initial production is scheduled to be at one million bottles per month. The company plans to increase capacity substantially over initial production rates by the second quarter of 1999.
Based on the company's production schedule it is anticipated that gross revenues will be a minimum of $3 million annually from this plant with projected pretax profits of $1 million annually.
James Tilton, president of Gourmet's Choice stated, "We are extremely pleased with the opening of this bottled water plant in Vietnam as it clearly brings into focus the fact that Gourmet's Choice is much more than simply a coffee company. While on some fronts we may be competitors with the likes of Starbucks (Nasdaq: SBUX) in some international markets, we are in fact an international beverage company with not only coffee, but also, juice, water and soda."
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Gourmet's Choice to accomplish its stated plan of business. Although Gourmet's Choice believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet's Choice or any other person that the objectives and plans of Gourmet's Choice will be achieved.
For further information on Gourmet's Choice, contact James Tilton at 212-398-7833 or visit the website www.gmch.net.
SOURCE Gourmet's Choice
CO: Gourmet's Choice |
