Universal Beverages Holdings Corporation (OTCBB:UVBV) has announced that its revenues for the third quarter 2000 will show record revenue growth. The company owns and distributes the Syfo® Brand of Beverages through its wholly-owned subsidiary Universal Beverages, Inc. and produces spring water under private labels.

In a Form 8-K, Universal estimated revenues at approximately $1,800,000, which was a record amount for any quarter and a 271% increase over the second quarter ending June 30, 2000. These results keep the company on track for record growth for the year end.

Although the company does not anticipate the third quarter to be profitable when it files its Form 10-Q next week, it does expect to show record revenues approaching $3,000,000 for the fourth quarter. The record revenues represent the initial efforts in implementing Universal's business plan. It includes building a national presence in the beverage market--especially bottled water--plus growth from both internal product development and the acquisitions of other companies and brands.

"We expect Universal Beverages Holdings to have a major role in the markets it competes in," said Universal CEO and Chairman Jonathon O. Moore. "With our business base, we believe that the company can successfully execute the business plan to provide a superior return to our investors and be ready for market opportunities. We are actively reviewing potential acquisition candidates on an ongoing basis."

Universal Beverages Holdings Corporation conducts its business through its wholly-owned subsidiary, Universal Beverages, Inc, which manufactures and distributes the Syfo® Brand of Beverages. The Company also manufactures Members Mark, a private label for the Sam's Club division of Wal-Mart, for the Southeastern United States. Universal has its corporate headquarters in Jacksonville and production facilities in Leesburg, Florida. The Syfo product line consists of 100% Purified Water, Original Seltzer and Naturally-Flavored Sparkling Waters. Syfo Beverages are distributed throughout the Southeastern United States and parts of the Caribbean, and can be found in major supermarket chains. Information on Universal Beverages Holdings Corporation stock can be found at the symbol UVBV.

Forward-Looking Statements- The statements made concerning Universal's fourth quarter revenues, its playing a major role in markets and its making acquisitions, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual events or results may differ from the Company's expectations, which are subject to a number of known and unknown risks and uncertainties including but not limited to intense competition with substantially larger companies, general economic conditions and consumer spending patterns, tourism levels in Florida and the availability of timely financing for working capital and expansion plans. Other risk factors listed in the Company SEC filings may also affect the actual results achieved by the Company.