Post by ToddCT on Jan 10, 2005 8:25:32 GMT -5
Tropical Beverage Passes 1st Phase of Audits; Opens the Door to Receiving Orders from Major Retailers: Target, Wal Mart, Costco, Albertsons, etc.
SANTA ANA, Calif., Jan 10, 2005 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it has passes the first phase of audits that are required to produce products for the nations leading manufacturers. The company expects to complete the audit process by the end of January.
"This is very exciting for us, because we have spent months focusing on meeting the needs of our customers and this audit is the culmination of those efforts. We have been addressing all of the things both in our processes and our basic accounting and are very happy with the results of the first phase of the audit. We have some minor clean up to do to complete the process, but all indicators are great and we will be moving to the next level very soon," said Chris Lotito, CFO for Tropical.
Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor-distilled waters, ultra-pure purified waters, micro-clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private-labeled water and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.
Disclaimer: The company relies upon the Safe Harbor Laws of 1993, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
SOURCE: Tropical Beverage Inc.
SANTA ANA, Calif., Jan 10, 2005 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it has passes the first phase of audits that are required to produce products for the nations leading manufacturers. The company expects to complete the audit process by the end of January.
"This is very exciting for us, because we have spent months focusing on meeting the needs of our customers and this audit is the culmination of those efforts. We have been addressing all of the things both in our processes and our basic accounting and are very happy with the results of the first phase of the audit. We have some minor clean up to do to complete the process, but all indicators are great and we will be moving to the next level very soon," said Chris Lotito, CFO for Tropical.
Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor-distilled waters, ultra-pure purified waters, micro-clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private-labeled water and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.
Disclaimer: The company relies upon the Safe Harbor Laws of 1993, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
SOURCE: Tropical Beverage Inc.