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To: SSP who wrote (12062)	10/20/1999 11:19:00 AM
From: myturn	Read Replies (1) \| Respond to of 150070

WTAA has great news today! Wednesday October 20, 9:01 am Eastern Time Company Press Release ``WTAA' Enters Agreement to Acquire Major California Bottler Sales to Approach $8.0 Million This Fiscal Year! SACRAMENTO, Calif.--(BUSINESS WIRE)--Oct. 20, 1999--Bill McKay, Chairman & CEO, and Bob Mueller, Chairman & CEO of California Bottling Co., Inc. are pleased to announce that they have entered into a binding Option Agreement under which WTAA will acquire California Bottling Co., Ltd. (``CBC'), one of California's premier bottlers. The purchase price of $5.6 million is comprised of cash and restricted stock. California Bottling Co., Inc. has achieved 84% compound growth rate in revenues over the last four years, with projected revenues of $8.0 million in fiscal 1999 and earnings well above industry standards. The Company's clientele includes Coke, Albertson's, WAL-MART, K-MART, Suntory, McKesson, Shasta Beverages, Western Family Foods, and Whole Foods ... all these products being produced out of CBC's modern 55,000 square foot facility in Roseville, a suburb of Sacramento, CA. California Bottling Co.'s enviable performance is the result of a powerful management team, headed by Mr. Mueller an engineering graduate of Purdue University and who has a Juris Doctor Law from Capital University, Columbus Ohio ...along with co-founder, Chris Crain, President, a Stanford MBA with extensive planning and financial management experience. Mr. Mueller, who is also Vice President of the California Bottled Water Association, and a member of the Membership Committee of the International Bottled Water Association, has joined WTAA's Board of Directors and has become a member of WTAA's Executive Committee. Mr. Crain will continue as President of CBC thereby ensuring the continuity and success of CBC and its management team. In addition to announcing the CBC agreement, Mr. McKay is also pleased to announce that Mr. Steve Nickolas has been appointed to the position of Chief Marketing Officer (CMO) of WTAA where his extraordinary marketing skills can be focused on the development of the Company's exciting Branded, Custom and Licensing Division. WTAA's acquisition of California Bottling Co., Inc. dovetails beautifully into the rapid growth of these programs, as announced in a number of previous news releases ... providing in-house production of WTAA products in the Western region. WTAA INTERNATIONAL, INC. is rapidly becoming a leading force within both the bottled water and licensing industries. WTAA, a consolidator of 5.0 gallon home and office bottled water companies throughout Western North America ... has developed an exciting marketing program for distributing its unique licensed and custom label small packaged bottled water products from coast to coast in the US and Canada ... including its prestigious sparkling mineral water product that rivals the best. Investor Information: (877) 280-WTAA (9822) E-Mail: investorinfo@wtaa.com Media Information: (800) 676-0067 Web Site: wtaa.com NOTE: Safe Harbor for Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market compensation, and risks inherent in the company's international operations. Contact: Investor Information, 877/280-WTAA (9822) E-Mail: investorinfo@wtaa.com or Media Information, 800/676-0067 Web Site: wtaa.com