SANTA ANA, Calif., Jan 12, 2005 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it has agreed to terms to acquire the exclusive rights to a complete line of nutritionally enhanced waters (N.E.W.(R)) The company shall take over the marketing and distribution of products in the N.E.W.(R) line including but not limited to N.E.W.Calcium. The line focuses on meeting the challenging needs of today's consumer. The company plans on expanding the offering transferring the technology to some of its other products.
"The N.E.W.(R) products represent some of the most innovative we have seen over the past few years," said Chris Lotito, CFO for Tropical. "By adding them to our offering we have a strong foundation as we begin to focus more on our own brands and higher returns for our investors. We feel that this addition greatly improves our stable of products and we look forward to expanding the line," he added.
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.
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