And now, financing! (Hey, am I the only one home?)
biz.yahoo.com
The Children's Beverage Group, Inc. to Receive $9.8 Million for Expansion
NORTHBROOK, Ill., May 17 /PRNewswire/ -- The Children's Beverage Group, Inc. (OTC Bulletin Board: TCBG - news) has received a commitment for nine million eight hundred thousand dollars ($9,800,000.00) in industrial revenue bonds. The bonds are to build and outfit the first state of the art, pouchmaking beverage facility, in Rochester, N.Y.
The 120,000 square foot facility will add an additional six million case capacity to The Children's Beverage Group, Inc. existing four and one half million case capacity.
Jon Darmstadter President & CEO of The Children's Beverage Group, Inc. states, ''This is a major accomplishment for The Children's Beverage Group, Inc. It will enable us to take a quantum growth leap to accelerate our ability to satisfy our retail partners need for more and more cases of product. The 'rip it sip it(TM)' no spill pouches continue to fly off the shelves at an unprecedented sell through rate. We are also proud to be able to deliver to our shareholders this type of expansion with virtually no dilution to our shareholders. We look forward to expanding this Industrial Revenue Bond program in the months to come with other cities that have a tremendous desire to bring The Children's Beverage Group, Inc to their cities to stimulate economic growth.''
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(TM)' system. The company's products are being marketed by national retailers like Wal*Mart®. 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.
SOURCE: Children's Beverage Group, Inc.
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