USA: Central European Distribution Corporation Named One of the Top 100 Public Companies in Florida by The Miami Herald
William Carey, Chairman and CEO, commented, "We are pleased to receive The Miami Herald's recognition of our past performance and hard work. It is an honor to be part of the top 100 Florida companies listing, which gives our Company a chance to stand out in competition with much larger revenue companies because of our profitability and growth. Our strategy of attracting new exclusive imports and extending our distribution reach in the alcoholic beverage sector has been validated and will continue."
CEDC is the leading importer of beer, wine and spirits, as well as the largest distributor of domestic vodka on a nationwide basis in Poland, a four- billion-dollar market at the retail level in 1999. The Company operates sixteen regional distribution centers in major urban areas throughout Poland, one of Europe's fastest growing economies, from which it distributes many of the world's leading brands, including brands such as Johnnie Walker Scotch, Stock Brandy, DeKuyper Liqueurs, Sutter Home wine, Miller Genuine Draft, Corona, Foster's and Guinness beer.
In other news, the Company announced that Alan Dickson has joined the CEDC Board of Directors. Mr. Dickson spent his career in banking and finance, beginning with Proctor and Gamble (P&G), where he was Finance Director of the Asia Pacific Division. His most recent appointment was as CFO of Lion Nathan, a New Zealand-based brewery. Mr. Dickson is currently retired.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that are detailed from time to time in the Company's Securities and Exchange Commission reports.
For further information, please contact Jeffrey Peterson, Executive Vice- President, at 941-330-1558 or visit our Web site at http://www.ced-c.com.
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