American Water Star to Lease Option a Plant near New Orleans and Receives Re-Orders for Its Flavored Beverages
September 08 2005 - 9:30AM
Business Wire
American Water Star Inc. (AMEX: AMW) would like to inform our
shareholders that prior to Hurricane Katrina we were in
negotiations to enter into a lease with an option to purchase a
plant located in Kentwood, La. Kentwood is located approximately 85
miles northwest of New Orleans. The plant is 75,000 square feet on
6 1/2 acres with a natural spring. The plant has been producing 3-
and 5-gallon bottles of water for home and office delivery. Two
other lines are set up to run 1- and 1 1/2-liter PET production.
Estimated capability is 35 trucks a day (approximately 1.2 million
bottles). "When I was negotiating to acquire this facility I had no
idea just how crucial this plant would be logistically to handle
our current contracts. We currently are installing two backup
generators to make the plant additionally functional. This will
allow us to get water quicker to the Lipsey/FEMA locations and will
also save on freight costs for Lipsey/FEMA," said Roger Mohlman,
CEO of AMW. "In addition, this plant provides another important
location to run our other brands for retail and school delivery."
In addition to the constant production for Lipsey/FEMA, we are
continuing to deliver flavored beverages to retailers and school
districts nationally. "The amount of re-orders for Geyser Fruit is
constantly growing," said Mohlman. We have also received additional
re-orders from our newest customer, DeFeo, one of the larger
purveyors of beverages to hotels, food chains and schools in the
region. DeFeo, located in Kansas City, currently maintains
contracts with the Kansas City school district for our flavored
Geyser beverages and has added our sugar-free, calorie-free mixers
under the brand Fling's Kansas City Mixers for their hotel and
retail customers. About American Water Star Inc. American Water
Star Inc. ("AMW") is a publicly traded company and is engaged in
the beverage bottling industry. Its product brands are licensed and
developed in-house, and bottled in strategic locations throughout
the United States. AMW's beverage products are sold by the
truckload, principally to distributors, who sell to retail stores,
corner grocery stores, convenience stores, schools and other
outlets. At AMW, we believe our great-tasting, new zero sugar, zero
calorie flavored water beverages have positioned us to capture a
large share of the market for healthy flavored waters. Our product
line consists of four branded beverages: Geyser Sport, Geyser Fruit
and Geyser Fruta. Geyser Sport is a sugar-free, calorie-free,
carb-free fruit flavored beverage fortified with vitamins and
calcium, offered in eight different fruit flavors. Geyser Fruit is
a non-carbonated water with a low sugar content, also offered in
eight different flavors. Geyser Fruta is targeted to the Hispanic
market and includes authentic Latin-flavored beverages.
Forward-Looking Statements This press release may contain
statements that constitute "forward-looking statements" as defined
under U.S. federal securities laws. Generally, the words "believe,"
"expect," "intend," "estimate," "anticipate," "establish,"
"project" and similar expressions identify forward-looking
statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations or
projections. These risks include, but are not limited to, a final
lease option agreement being reached with landlord of the Kentwood
plant; AMW's production capabilities; acquiring qualified personnel
to run the Kentwood plant; changes in economic conditions; changes
in the nonalcoholic beverages business environment, including
actions of competitors and changes in consumer preferences; our
ability to capture market share; the effectiveness of our
advertising and marketing programs; fluctuations in the cost and
availability of raw materials or necessary services; our ability to
avoid production output disruptions; our ability to achieve
earnings goals; regulatory and legal changes; our ability to
penetrate developing and emerging markets; litigation
uncertainties; and other risks discussed in our filings with the
SEC, including our Annual Report on Form 10-KSB, Quarterly Reports
on Form 10-QSB, and Current Reports on Form 8-K, which reports are
available from the SEC. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. We undertake no obligation to publicly update or revise
any forward-looking statements to reflect current events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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