To: NASDBULL who wrote (24789 ) 6/10/1998 2:56:00 PM From: Due Diligence Read Replies (1) | Respond to of 34592
TCBG: News out , not on yahooo yet. Impressive. Jimbo (COMTEX) The Children's Beverage Group Inc. Enters Into Co-Packaging The Children's Beverage Group Inc. Enters Into Co-Packaging Agreement With Sweet Ripe Drinks Ltd. to Produce Over 70 Million Units Annually NORTHBROOK, ILL. (June 10) BUSINESS WIRE -June 10, 1998--The Children's Beverage Group Inc. (NASDAQ BB:TCBG), a manufacturer of specialty children's beverage packaging, has announced a co-packaging agreement with Sweet Ripe Drinks Ltd. of Ontario, Canada. As a result of this agreement, two of Children's Beverage's Volpak machines, which manufacture the "rip it sip it(tm)" soft pouch drink package with the straw in the pouch, are currently being installed in the 150,000 sq. ft. Sweet Ripe Drink Ltd. facility. Both machines are expected to be in full production by Aug. 1, 1998, producing Children's Beverage's BrainForest(tm) spring water and juice products, along with other private label brands for major retailers. This facility will produce over 70 million units annually, representing over $12 million in revenues. Sweet Ripe Drinks Ltd. is the largest privately owned tetra manufacturing facility in North America and is a leader in aseptic beverage technology. They produce in excess of 20 million cases of beverage products annually for the leading trade brands in Eastern Canada. Sweet Ripe Drinks Ltd. has attained a AAA quality rating, given only to the top food & beverage manufacturing facilities in Canada by Agriculture Canada. By combining free trade and NAFTA provision advantages, and a strong US dollar, The Children's Beverage Group expects substantial cost savings with this strategic Canadian location serving major US markets. The Children's Beverage Group is a unique beverage company directed at the billion dollar plus children's beverage market. Established in 1995, the company's mission and goal has been to create cutting edge products using the latest in packaging technology under its trademarked "BrainForest(tm)" spring water and fruit juice product line. It features a patent pending, self-contained fluid dispensing system known in the trade as the "rip it sip it(tm)" system. -0- jd/mi* CONTACT: The Children's Beverage Group Inc. Jon Darmstadter, President & CEO 847/562-4040 childrensbeverage.com KEYWORD: ILLINOIS FLORIDA INDUSTRY KEYWORD: FOODS/BEVERAGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (COMTEX) The Children's Beverage Group Inc. Enters Into Co-Packaging The Children's Beverage Group Inc. Enters Into Co-Packaging Agreement With Sweet Ripe Drinks Ltd. to Produce Over 70 Million Units Annually NORTHBROOK, ILL. (June 10) BUSINESS WIRE -June 10, 1998--The Children's Beverage Group Inc. (NASDAQ BB:TCBG), a manufacturer of specialty children's beverage packaging, has announced a co-packaging agreement with Sweet Ripe Drinks Ltd. of Ontario, Canada. As a result of this agreement, two of Children's Beverage's Volpak machines, which manufacture the "rip it sip it(tm)" soft pouch drink package with the straw in the pouch, are currently being installed in the 150,000 sq. ft. Sweet Ripe Drink Ltd. facility. Both machines are expected to be in full production by Aug. 1, 1998, producing Children's Beverage's BrainForest(tm) spring water and juice products, along with other private label brands for major retailers. This facility will produce over 70 million units annually, representing over $12 million in revenues. Sweet Ripe Drinks Ltd. is the largest privately owned tetra manufacturing facility in North America and is a leader in aseptic beverage technology. They produce in excess of 20 million cases of beverage products annually for the leading trade brands in Eastern Canada. Sweet Ripe Drinks Ltd. has attained a AAA quality rating, given only to the top food & beverage manufacturing facilities in Canada by Agriculture Canada. By combining free trade and NAFTA provision advantages, and a strong US dollar, The Children's Beverage Group expects substantial cost savings with this strategic Canadian location serving major US markets. The Children's Beverage Group is a unique beverage company directed at the billion dollar plus children's beverage market. Established in 1995, the company's mission and goal has been to create cutting edge products using the latest in packaging technology under its trademarked "BrainForest(tm)" spring water and fruit juice product line. It features a patent pending, self-contained fluid dispensing system known in the trade as the "rip it sip it(tm)" system. -0- jd/mi* CONTACT: The Children's Beverage Group Inc. Jon Darmstadter, President & CEO 847/562-4040 childrensbeverage.com KEYWORD: ILLINOIS FLORIDA INDUSTRY KEYWORD: FOODS/BEVERAGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***