USA: The Children’s Beverage Group, Inc. Receives Final City Council Approval
The Children's Beverage Group, Inc. has received final City Council approval from The City of Rochester to receive 3.459 million dollars from Federal programs to finalize the build-out of its new state of the art beverage facility. Jon Darmstadter President & CEO of The Children's Beverage Group, Inc. states, "With this final approval we will now be able to move forward and close on the purchase of our building, and begin to build the most modern and state of the art flexible packaging facility in the world. This will allow us to fast track our ability to begin producing top quality products for our customers with greater efficiencies. It will also allow us to begin to satisfy the huge demand to deliver a flexible package with our unique, patented `rip it sip it'(TM) no spill, straw in the pouch product. The Children's Beverage Group, Inc. is a unique beverage company directed at the billion dollar plus children's beverage market. The company's mission and goal has been to create cutting edge products using the latest in packaging technology. It features a patented no. 5,941,642 09/005,627, "Self-Contained Fluid Dispensing System" known in the trade as the `rip it sip it'(TM) system. The company's products have been marketed by national retailers like Wal*Mart®. The company has been featured on the nationally broadcast television program "Emerging Public Companies.... the Story Behind the Symbol". The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company: the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of the implementation and the scope and success of the program described here.
June 22, 2000