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Microcap & Penny Stocks : Bottled water (fastest-growing beverage market) -- Ignore unavailable to you. Want to Upgrade?

To: Riley G who wrote (98)	12/18/1997 10:40:00 AM
From: Riley G	Read Replies (2) \| Respond to of 131

Mingo Bay Beverages, Inc. And Slim Tropics Talking Deal MYRTLE BEACH, S.C., Dec. 18 /PRNewswire/ -- Mingo Bay Beverages, Inc. (OTC Bulletin Board: MGBA) has today announced that the Company is negotiating the acquisition of Slim Tropics from the Nordyke Group, Inc. of Ventura, California. Slim Tropics manufactures fruit juice-based drinks from nutraceutical formulations which are fat-burners. "Thermo Genisis products of all types are very popular with Americans and with the recent demise of Phen-Fen we feel like this is a good opportunity for us," said Larry Moses of Mingo Bay. "With the 72 drink flavors that we now have we feel as though we can develop some interesting and marketable products with the help of Dr. Nordyke," said Moses. Under the terms being discussed, Mingo Bay would acquire all rights to "Slim Tropics" trademark as well as their formulations. Dr. Randy Nordyke who developed the formulas would remain as a part of Mingo Bay. "We have already put a group of dynamic people and products together and Slim Tropics would be an excellent addition," said Moses. Mingo Bay is currently talking with former IBM Executive David Robinson about stepping in to take over its day to day operations which would allow Moses to get back into the marketing arena. Former Amana/Rayethon executive Bill Marcil is overseeing the smokeless cooker project and former Marriott executive Phil Randall is working the foodservice division. Mingo Bay is a manufacturer of tea, liquid coffee, juice and bar mix concentrates as well as Springhouse bottled water. Additionally "The Mingo Millenium" smokeless cooker will be introduced this spring. SOURCE Mingo Bay Beverages, Inc. CONTACT: Noble House Of Boston, Public Relations, 888-217-2553