GARDEN CITY, N.Y., Jan. 13, 2004 (PRIMEZONE) -- Adirondack Pure Springs Mt. Water Co., Inc. (OTCBB:APSW) has announced that the company has completed the process to change the company name, stock symbol, and corporate domicile from the state of New York to Delaware.
The new company name is Continental Beverage and Nutrition, Inc. The company continues to trade on the OTCBB under its new symbol, COBN. In the coming days, the company will announce the process by which shareholders are to return their existing stock certificates for their new Continental Beverage & Nutrition, Inc. certificates, bearing the company's new CUSIP number.
The company was initially formed to produce private label, bottled water from its source in Lake George, New York. Since then, the company has expanded its focus to include the development and packaging of nutritionally enhanced beverages. Bottled water and enhanced beverages represent the greatest sectors of growth in the beverage industry and are expected to combine for upwards of $15 billion in sales within the next five years.
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of Adirondack Pure Springs or Continental Beverage and Nutrition, Inc., are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, Adirondack Pure Springs or Continental Beverage and Nutrition, Inc., disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.