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American Water Star Signs Letter of Intent to Acquire Prime Plastics Inc.

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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."

About American Water Star Inc.

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.

CONTACT: American Water Star Inc., Las Vegas
American Water Star Inc.

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Source: Business Wire

 

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