CORONA, Calif., Dec. 6, 2004 (PRIMEZONE) -- Sports Pouch Beverage Company Inc. (Pink Sheets:SPBV) is pleased to announce that it has signed an agreement with Nationwide Beverage Bottling, Inc. to be the exclusive provider of its push-pull spout beverage pouch packaging. Under the terms of the agreement, SPBV will work with Nationwide to develop the next generation of pouch packaging that integrates its push-pull technology. SPBV did not disclose the financial terms of the agreement; but, it is estimated that the approximate capacity of each machine is to form and fill up to 25 million units per year.
Nationwide Beverage Bottling, Inc. is the largest independent bottling company on the west coast. Sport Pouch Beverage Company, Inc.'s equipment is located at the Nationwide Beverage Bottling, Inc.'s 158,000 sq. ft. bottling facility, located in Corona CA.
Sports Pouch Beverage Co., Inc. and Nationwide Beverage Bottling have further agreed to add an additional four pouch forming/packaging machines at this facility. It is expected that these machines will augment current production of the pouch bottling system and will be in production sometime in the 2Q or June 2005.
"The nice part about the Nationwide Beverage Bottling system is its flexibility," says Gilbert Arvizu, Sports Pouch Beverage Company President and CEO. "Nationwide offers Sports Pouch several options that enable us to package our products both environmentally friendly and cost effectively."
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 trade marked 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 Company 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) or by emailing ir@sportspouchinc.com.
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.