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To: jeffrey rainey who wrote (4585)10/28/1998 5:18:00 PM
From: Frank Fontaine  Respond to of 7039
 
Due to the fact that AVBC has been brought up on this board more than once today I will post this news release.

Aqua Vie Beverage Corporation Announces Strategic
Alliance with Lyons Magnus

Business Wire - October 28, 1998 15:58

KETCHUM, Idaho--(BUSINESS WIRE)--Oct. 28, 1998--Aqua Vie Beverage Corporation
(OTC:AVBC) announced today that it has reached an agreement in principle with Lyons Magnus, of
Fresno, Calif., to form a strategic alliance for a long term relationship whereby Aqua Vie will launch
several specific new products created by Lyons Magnus into the retail market place under the Aqua
Vie name.

These products will complement Aqua Vie's existing product lines. The proposed agreement is
subject to completion of due diligence and definitive documentation which is expected to be
completed within approximately six weeks.

Lyons Magnus is one of California's largest manufacturers of beverages and fruit products and
operates a state-of-the-art manufacturing facility where it currently bottles for Aqua Vie Beverage
Corporation through a proprietary aseptic bottling process.

Aqua Vie Beverage Corporation is exhibiting this week its "all natural", non-carbonated hydration
beverages, functional beverages, and non-alcoholic wines at InterBev, the largest beverage trade
show in the U.S.

Tom Gillespie, founder of Aqua-Vie said, "This alliance takes place during a time when the bottled
water business is the fastest growing segment in the $6 billion alternative beverage industry. Within
this segment, Aqua Vie produces the only "all natural" flavored spring waters."

Aqua Vie produces the long awaited Hydrator(TM) low calorie all natural product line of seven
lightly flavored non-carbonated spring waters, that were designed to increase one's personal
consumption of water. The underlying technology also serves as the new delivery system for Aqua
Vie's "nutritionally fortified" E Line(TM), Elixir(TM), Empower(TM), and Ecstasy(TM), its
nutritionally specific Aquaceuticals(TM), and Aqua Vie's Non-Alcoholic Wines made from spring
water. All four product lines are presently being introduced and marketed at InterBev, the largest
beverage trade show for the U.S., being held in Dallas this week.

For further information on Aqua Vie Beverage Corporation,

visit our web site at: aquavie.com

This release may contain forward-looking statements that involve risks and uncertainties including,
without limitation, continued acceptance of the company's products and services, increased levels of
competition, new products and technological changes, the company's dependence upon financing,
third-party suppliers and intellectual property rights, and other risks as may be detailed from time to
time in the company's federal filings, annual report, offering memorandum, or prospectus.

CONTACT: Aqua Vie Beverage Corporation
Jim Parker, 888/766-3425



To: jeffrey rainey who wrote (4585)10/28/1998 5:27:00 PM
From: MSo  Respond to of 7039
 
One thing that has to be watched is the statute of limitations for shareholder derivative suits; actions against officers, directors, transfer agents - anyone with insurance for errors and omissions. May be a drop in the bucket, but transfer agent may have substantial assets and insurance.

M