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American Water
Star Signs Letter of Intent to Acquire Prime Plastics Inc. Breaking News Release -
LAS VEGAS, NEVADA/August 23, 2003 / - - American Water Star (OTC BB: AMWS) has signed a letter of intent to acquire Prime Plastics Inc. Currently a private Kansas corporation, Prime Plastics specializes in the manufacturing of bottle caps for a wide array of bottles in the beverage industry. American Water Star has utilized Prime Plastics as one of its largest suppliers of caps for nearly a year. American Water Star CEO and President Roger Mohlman stated, "When this
transaction is finalized, this acquisition will dramatically improve
gross profit margins by reducing the cost of goods in this production
area. Furthermore, the transaction is expected to add several million
dollars in annual gross revenues. Both parties have been negotiating
this acquisition for several months. The new accelerated sales results
being achieved by American Water Star prompted the agreement of the
acquisition." American Water Star Inc. ("AMWS") is a publicly traded company and is engaged in the beverage bottling industry. Its product brands are both licensed and developed in-house, and bottled in strategic locations throughout the United States. AMWS' 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 AMWS, 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. Some of our products include:
Power Punch -- our new non-sugared, 0 calorie, 0 carbohydrates, 0 sodium,
vitamin and mineral-enriched, fruit-flavored beverage brand; and our
newest addition, Hawaiian Tropic -- our latest product featuring a sugar-free,
no carbonation, caffeine-free, sodium-free tropical drink. Hawaiian
Tropic flavors include Strawberry Kiwi, Kiwi-Lemon Lime, Orange Guava
and Pineapple Grapefruit. Our other premium beverages include: Geyser
Fruit Beverages -- our line of eight different fruit-flavored waters
which have proven to be popular with consumers; Geyser Fruta -- our
Latin line of four different fruit-flavored waters; and Cool Luc --
our licensed underground extreme energy drinks are a favorite among
the hip, adult market. Click here to view more current news articles Did you find this material interesting? Comment via FEEDBACK
Source: Business Wire
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