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To: Ga Bard who wrote (2592)	11/21/1997 2:51:00 PM
From: Ga Bard	Read Replies (2) \| Respond to of 8835

AVBC News RELEASE..... (BSNS WIRE) Aqua Vie Beverage Corporation Announces Agreement to Mer Aqua Vie Beverage Corporation Announces Agreement to Merge with Aqua Vie Advance Corporation Business Editors KETCHUM, Idaho--(BUSINESS WIRE)--Nov. 21, 1997--Aqua Vie Beverage Corporation (OTC: AVBC), announced today that Aqua Vie Beverage Corporation (AVBC), and Aqua Vie Advance Corporation (AVA), have reached an agreement in principle, whereby AVBC proposes to merge with AVA. AVA is a company that was formed by Tom Gillespie, founder of AVBC, to purchase all of the assets of AVBC from the bankruptcy court to include among other things and without limitation, all assets, tangible and intangible, all non-litigation and non-shell assets, any net operating tax loss, any and all litigation claims owned or claimed to be owned by the estate, and the AVBC corporate shell. The purchase of the assets from the bankruptcy court was concluded, free and clear of all liens and encumbrances on September 27, 1997. Under the proposed terms of the merger, AVA will now become a wholly owned subsidiary of AVBC. The acquisition is still subject to completion of definitive documentation, and legal and financial due diligence, but is expected to be completed within approximately 45 days. Gillespie, founder of Aqua Vie Beverage Corporation said that, "This merger makes solid business sense. A great deal of effort will be taken to structure the merger in a way that could potentially maximize the preservation of all of the AVBC assets, including the approximate $14 million tax loss carry-forward, as well as avoid the need for a reverse split of the AVBC stock. After almost three years in court, this final phase of planning should provide a solid foundation for the introduction of AVBC's four product lines of all natural, low calorie functional beverages." Aqua Vie Beverage Corporation developed and test marketed four lines of functional beverages, including the new, all natural Hydrator(TM) beverage line, the "E line"(TM) of nutritionally fortified spring waters; Elixir(TM), Empower(TM), and Ecstasy(TM), a line of nutritionally specific spring water nutraceuticals, and three non-alcoholic wine beverages made from spring water. Statements in this news release that are not historical are to