BEVEX stock when it was trading at 1/8 on the pink sheets? Is SCUMBAG LYNN BRIGGS telling this person everything he really knows about BEVEX? He must be since Ziasun and Mark Harris put this into evidence to in support the restraining order.
thetruthseeker.business.directnic.com
If this was in the movie Boiler Room you just would not believe it.
Ziasuns new CEO Allen Hardman could not find the lost documents of BEVEX so they can file a form ten. I just know you can find them. BTW, Globe Trotter Lynn Briggs according to Ziasuns own court documents is still selling BEVEX offshore at International Asset Management as well as Ziasun.
WHAT A BUSINESS!!
CONTACT: Allen D. Hardman of BEVEX Inc., Wonder if he gave up that position?
Date: 11/03 06:01 EST
BEVEX HOLDS ANNUAL SHAREHOLDER MEETING IN ZURICH... PROVIDES UPDATE REGARDING DEVELOPMENT OF THE 'BEVMARK 2000' BEVERAGE CENTER
SOLANA BEACH, Calif., Nov 3, 1999 /PRNewswire via COMTEX/ -- At the
October 7, 1999 annual shareholder meeting of BEVEX Inc. (OTC Bulletin
Board: BVEX) 20,530,806 of 32,264,200 common shares of stock were
represented in person or by proxy, constituting a quorum. Shareholders
voted on the following actions and business matters.
1. The following Board of Directors, as currently appointed, was
ratified by a majority shareholder vote:
Hugues Monteil Chairman of the Board
Allen Hardman Director
Marc Bruhwiler Director
Michael Montandon Director
2. The appointment of the accounting firm of Jones & Jensen (Salt Lake
City, Utah) as auditor of record was ratified by a majority shareholder
vote.
3. The Restated Articles of Incorporation were ratified by a majority
shareholder vote.
4. The Restated and Amended Bylaws were ratified by a majority
shareholder vote.
5. The Technology Development Agreement between BEVEX Inc. and BevTec
GmbH in Rostock, Germany was ratified by a majority shareholder vote.
A development update report on the new "BevMark 2000" beverage center
was presented, and included brief presentations regarding filling
technology, proportioning and mixing technology, process system
controls and exterior design.
The shareholders were advised that although BEVEX is confident the
design team now in place is capable of developing a successful beverage
center, there are still some issues that must be resolved to move
forward to successful project completion, including:
1. BEVEX is still seeking technology development funding.
2. The assembly and testing of the core technology components are
considerably behind schedule due to delays in delivery of certain key
components, and the need to source other components at a more
reasonable cost. Some of the components sourced thus far, while
suitable for the intended function, are cost-prohibitive.
3. Presuming the prototype development is successful, considerable
"value engineering" will still be required to ensure the beverage
center is commercially feasible.
4. BEVEX currently has no working capital, and project progress is
totally dependent on a major infusion of funding in the very near
future. In order to preserve the limited capital available, it has been
used only for technology development and associated expenses. There are
no paid employees of BEVEX at this time.
5. The delays in technology development and funding are causing
considerable slippage in the original schedule, to have a beta
prototype beverage center in the marketplace by summer of 2000.
The shareholders were advised that, although management is functioning
with very limited resources, every reasonable effort is being made to
resolve the aforementioned issues.
The shareholders were also advised BEVEX is in the process of preparing
its Form 10-SB for submission to the Securities and Exchange Commission
(SEC). However, certain required information from prior years, which
predates current management, is proving difficult to locate and/or
assemble. As a result, the 10-SB will have to be prepared by
reconstructing the information required by the SEC from the limited
information available for those prior years. This has delayed the
filing of the 10-SB. The unexpected delay in filing the 10-SB, will, in
all likelihood, result in the stock being "pink sheeted," and possibly
de-listed, which would curtail trading on the open market.
The service and process agent for BEVEX has cautioned that the
company's filing of a Form 10-SB, in the absence of the company's
ability to demonstrate that it has the financial capability to proceed
in a businesslike manner, could result in refusal of the submission by
the SEC.
Shareholders will be apprised periodically concerning future developments.
NOTE: Any statements released by BEVEX Inc. that are not purely
historical are forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Editors and investors are cautioned that forward-looking
statements invoke risk and uncertainties, including economic,
competitive, governmental, technological and other factors, that may
affect the company's business prospects and performance and cause them
to differ from these forward-looking statements.
SOURCE BEVEX Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Allen D. Hardman of BEVEX Inc., 858-509-3279; or Madeleine
Franco of Jordan Richard Assoc., 801-268-8610, for of BEVEX
Inc.
WEB PAGE: jordanrichard.com
GEOGRAPHY: California
Utah
Germany
Switzerland
INDUSTRY CODE: FOD
SUBJECT CODE: PER
SRP
BEVEX RESUMES DESIGN & DEVELOPMENT OF BEVMARK 2000 BEVERAGE
8/16/99 6:15
Center;
Update... Annual Meeting, Board of Directors, New Zurich Office Location
SOLANA BEACH, Calif., Aug. 16 /PRNewswire/ -- Allen D. Hardman, president
of BEVEX Inc. (OTC Bulletin Board: BVEX), announced today that, ending a
six-month moratorium and following an extensive review of a number of beverage
mixing and filling technologies, the company has resumed design and
development of its new "BevMark 2000" beverage center.
Hardman indicated that the company has established strategic alliances
with several European companies whose new technologies are most pertinent to
the development of a beverage dispensing unit aimed at differentiation in the
marketplace. The company's new project team is comprised of companies
specializing in high-speed filling technology, precision proportioning and
mixing, system process controls and software, water cooling and carbonating,
and project design.
Hardman said that based on favorable preliminary testing on new
proportioning, mixing and filling technologies, BEVEX is proceeding with full
life-cycle testing for performance, reliability and repeatability on the
aforementioned core-technology components. This life-cycle testing is
expected to be completed in mid- or late September 1999. "Assuming the
life-cycle testing confirms the preliminary results, those problems having
plagued the beverage center since its inception will have been resolved.
Then, we can proceed with the development of a fully functional alpha unit
incorporating all of the planned operational features," said Hardman.
The new BevMark-2000 will have features and capabilities not available on
any of the consumer-direct beverage filling machines currently in the global
marketplace. The BevMark-2000 will also have a completely new look, a high-
tech user interface, more feature functionality, more options for customized
beverages for the consumer, truly modular design, and 80 - 90% less service
requirements than any of the company's previous beverage center designs.
"These new features are designed to significantly enhance the
opportunities to place beverage centers in the global marketplace and to
provide BetterStuff International, the company's operating unit, with a much
stronger competitive position than might ever have been possible with previous
designs," said Hardman.
BEVEX will hold its annual shareholders meeting on October 7, 1999, from
9:30 to 11:30 a.m. at the Zurich Marriott Hotel, located at Neumeuhlequai 42,
CH-8001, Zurich, Switzerland (telephone 01-360-7070; fax 01-360-7777). The
shareholders meeting will be followed by a lunch hosted by BEVEX. A detailed
agenda for the shareholders meeting will be announced within the next two
weeks, and invitations and proxy statements will be sent to shareholders of
record as of August 1, 1999. The specific structure of the new project team
and the role of each project team member will be discussed in detail at the
meeting.
Effective April 16, 1999, Heinz Amstalden, resigned as executive vice
president of BEVEX and is no longer associated with the company.
The BEVEX Inc. office in Switzerland has been relocated from the former
Technopark address to:
BEVEX Inc.
Unterortstrasse 3A
CH-8804 AU
Zurich, Switzerland
Tel: 41-1-683-2353
Fax: 41-1-683-2354
E-mail betterstuf@aol.com
Cellular: 41-76-381-2547
NOTE: Any statements released by BEVEX Inc. that are not purely
historical are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Editors
and investors are cautioned that forward-looking statements invoke risk and
uncertainties, including economic, competitive, governmental, technological
and other factors, that may affect the company's business prospects and
performance and cause them to differ from these forward-looking statements.
SOURCE BEVEX Inc.
-0- 08/16/99
/CONTACT: Allen D. Hardman of BEVEX Inc., 858-509-3279; or Madeleine
Franco of Jordan Richard Assoc., 801-268-8610, for BEVEX Inc./
/Web site: jordanrichard.com
(BVEX)
CO: BEVEX Inc.
ST: California, Switzerland
IN: FOD
SU: |
