National Beverage Corp. Fights Inaccurate Wall Street Journal Article
July 05 2018 - 9:16AM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) is the leading innovator
in the soft-drink industry today in its quest to influence a
healthier choice for all consumers. National Beverage Corp. today
released the following statement:
The Board of Directors has authorized management to retain
defamation counsel to advise the Company on its legal options with
regard to the July 3, 2018 article published by the Wall Street
Journal and will notice the Journal’s counsel about this false and
misleading “report” immediately.
As set forth in our July 3 press release, National Beverage
believes that the article improperly portrays unsubstantiated
allegations that were contained in employment-related lawsuits as
facts, and disregarded documents and other evidence which clearly
refute the allegations. This biased and sensationalized
“reporting”, which was reposted by numerous other media
organizations, has the potential to cause economic and reputational
harm.
Mr. Caporella is a well-known entrepreneur and philanthropist.
His honors include recipient of the prestigious Horatio Alger
Award; recipient of the Columbus Citizens Foundation’s Outstanding
Italian-American in Business and Industry (sharing this honor with
New York Governor Mario Cuomo and succeeding Lee Iacocca) and
recipient of the Florida Region Entrepreneur of the Year by Arthur
Young/Inc. Magazine. He has been inducted into the Institute of
American Entrepreneurs; is a Member of the Professional Advisory
Board of St. Jude Children’s Research Hospital; and is a recognized
donor to the St. Jude Children’s Research Hospital, The City of
Hope, The Cleveland Clinic, Washington University, Barnes Jewish
Hospital, MD Anderson Cancer Center and other organizations
committed to research and treatment of life-threatening
disease.
Board Member Cecil D. Conlee stated “I have known Nick for over
40 years and I find these allegations to be incredulous.”
FIZZ IS – HEALTHY SPARKLING, ALL-WAYS!
National Beverage’s iconic brands are the
genuine essence . . . of America
“Patriotism” – If Only We Could Bottle It!
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National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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