Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MGBA -- Mingo Bay -- Ignore unavailable to you. Want to Upgrade?

To: Riley G who wrote (39)	3/12/1998 1:30:00 PM
From: Riley G	Respond to of 50

Thursday March 12, 12:55 pm Eastern Time Federal Jury Awards Mingo Bay $741,000 MYRTLE BEACH, S.C., March 12 - Brumo Products Inc., (Mingo Bay Beverages) was awarded a judgement in the sum of $741,000 against Cookbook Brands, Inc., of Ackworth, Georgia in the U.S. Federal District Court in Florence, South Carolina on March 10, 1998. Brumo sued Cookbook for breach of contract, interfering with prospective customers and unfair competition. Cookbook was the manufacturer/packer of Mingo Bay labeled products until early 1996. ''They cost our company a lot more than $741,000; however, this certainly is sweet vindication,'' said Larry Moses, President/CE0 of Mingo Bay. Mingo Bay Beverages Inc. trades on the OTC Bulletin Board under the symbol MGBA. ''This lawsuit was so complex that it was difficult to explain to stockholders what they had done to us,'' said Moses. ''This judgement will allow Mingo Bay to fund its water bottling facility in Kentucky as well as a 'Smokeless Cooker' that Mingo Bay is developing. The company also has plans to buy back some of its common stock and retire it in treasury. This should happen during the coming months,'' said Moses. The Law Firm of Van Osdell, Lester and Howe of Myrtle Beach, SC represented Mingo Bay and Cookbook was represented by the firm of Finkel and Altman of Columbia and Georgetown, SC. Mingo Bay is a manufacturer/distributor of shelf stable concentrated tea, coffee, isotonics, bar mixes and juice products. SOURCE: Mingo Bay Beverages, Inc.