GMCH at .025 with NEWS of $3 mil minimum revenues for water plant alone ! Has Distribution agreement with Monarch Beverage Co. of Atlanta Georgia ( 7th largest Soft Drink Franchiser in U.S.) More news next week on projected earnings from this and coffee division as well.For complete write-up members.xoom.com
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 - news) 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
|
