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Strategies & Market Trends : WR's Momentum Trades

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To: wayne who wrote (5435)2/11/1999 11:41:00 AM
From: Smacs  Read Replies (1) of 11130
 
Here's the GMCH news... Re: Bottled Water Production.
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(PR NEWSWIRE) Gourmet's Choice Bottled Water Production Begins on Schedule Gourmet's Choice Bottled Water Production Begins on Schedule; Internet Site Anticipated by March 1

SAN FRANCISCO, Feb. 11 /PRNewswire/ -- Gourmet's Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) announced today that its water bottling plant in Vietnam has successfully begun production. The company will continue to increase production on a monthly basis until it reaches full capacity by the end of April. At full capacity the company will produce 1.5 million bottles of water monthly.

The company also reported that it anticipates the launching of its
Gourmet's Choice Coffee Internet site on March 1. The company noted that it could launch its site at the present time, however, because Gourmet's Choice has chosen to launch its site in conjunction with YAHOO! it has decided to wait until March 1 for release of the web site. March 1 is the date YAHOO! has provided to Gourmet's Choice as the date it will be able to handle merchant accounts to accept credit card orders.

James Tilton, president of Gourmet's Choice, stated, "For decades
Gourmet's Choice Coffee has always unconditionally guaranteed that our coffee is the world's finest coffee and now we want to unconditionally guarantee that we will have the world's finest internet site to sell coffee."

For further information on Gourmet's Choice, contact James Tilton at
212-398-7833 or visit the website www.gmch.net.

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.
SOURCE Gourmet's Choice Coffee Co., Inc.
-0- 02/11/99
/CONTACT: James Tilton of Gourmet's Choice Coffee Co., Inc.,
212-398-7833/
/Web site: gmch.net
(GMCH)
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