CORONA, Calif., Nov. 8, 2004 (PRIMEZONE) -- Sports Pouch Beverage Company Inc. (Pink Sheets:SPBV) is pleased to announce that it has completed a merger with Construction Products International Inc. The new symbol for Sports Pouch Beverage Company Inc. is SPBV, trading on the Over-The-Counter Pink Sheets market. Terms and conditions of the merger were not disclosed.
Gilbert Arvizu, Sports Pouch Beverage Company, President and CEO, commented: "our patent-pending process and unique pull-push spout system eliminates many of the problems associated with using the old-style attached straw systems -- for example, no straw. Additionally, the Sports Pouch Beverage system aims to be environment-friendly and has a focus on reducing waste." Mr. Arvizu also noted, "The Sports Pouch Beverage system was designed with a common sense approach for the beverage consumer with less excessive spillage and adding simplicity by "popping the top" to enjoy. These features are important to the Sport Pouch design in the $1 billion beverage segment when marketing to the athlete in training or a parent on the go."
About Sports Pouch Beverage Company Inc.
Sports Pouch Beverage Company, Inc. was incorporated under the laws of the State of California, for the purpose of producing pull-push spout technology liquid pouch packaging and manufacturing of a new brand beverage packaged in a pull-push pouch container. This will provide the marketplace an innovative pouch package system and beverage. Sports Pouch Beverage Company is the holder of the trademarked name of "All American Sports Pouch". The trademarked name shall be used in all the Pouch Beverage products produced by the Company. Additionally, Sports Pouch Beverage has a "Process Pending Patent" for the Sports Pouch Beverage Package with Pull-Push spout.
NOTE TO EDITORS: If you would like additional information on Sports Pouch Beverage Company Inc., please view the Sports Pouch Beverage Technology Corporation at our website at http://www.sportspouchinc.com/. To receive an Investor Kit or additional information for Sports Pouch, or to join the company's mailing list, please contact Investor Relations Department at (877) 377-SPBV (7728).
SAFE HARBOR
Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Sports Pouch Beverage Company Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Sports Pouch Beverage cautions you that any forward-looking information provided by or on behalf of Sports Pouch Beverage is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Sports Pouch Beverage Company Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Sports Pouch Beverage's control, in addition to those discussed in Sports Pouch Beverage's press releases, public filings, and statements by Sports Pouch Beverage's management, including, but not limited to, Sports Pouch Beverage's estimate of the sufficiency of its existing capital resources, Sports Pouch Beverage's ability to raise Additional capital to fund future operations, Sports Pouch Beverage's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts that match Sports Pouch Beverage's capability to be awarded contracts. . All such forward-looking statements are current only as of the date on which such statements were made. Sports Pouch Beverage does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.