TAMPA, May 13, 2004 (PRIMEZONE) -- BEVsystems International, Inc.("The Company") (Pink Sheets:BEVI) announced on April 8, 2004, that the Company had acquired all of the issued and outstanding shares of common stock of Sun Rayz Water, Inc. Sun Rayz's sole asset is a Marketing, Distribution and Co-packing Sub-Licensing Agreement that provides Sun Rayz with the non-exclusive, worldwide right to use the "FLA-USA" label in connection with the marketing, sale and distribution of bottled water products on a retail and wholesale basis.
In addition, the Company appointed Michael Goeree, Rand Gray and Lior Segal to its Board of Directors. Goeree's food and beverage sales, marketing and management background epitomize the company's needs for growth. Segal brings financial and legal experience to the Board and Rand Gray, one of the original founders of Aqua Clara Bottling & Distribution Inc., obviously holds valuable historical information relating to the company's lifespan as well as over 30 years of high level management and financial experience.
Chairman and CEO G Robert Tatum, Directors E Douglas Cifers and James Davidson announced their resignations immediately following the appointments.
Goeree, President/CEO of Sun Rayz Products, Inc, assumed the role of the Company's Chairman. Gray will serve as the company's president with day to day oversight responsibilities.
About BEVsystems International, Inc.
Tampa-based BEVsystems International, Inc. (Pink Sheets: BEVI) is a fast-growing leader in the premium beverage industry. With sales in 22 countries, the success of its flagship Life02 SuperOxygenated Water brand, infused with up to 1,500 percent more oxygen via patented process and technology innovations, underscores BEVsystems' commitment to research and technology to deliver superior quality beverage products. A recently published peer review study in The European Journal of Medical Research details the medical benefits of oxygen-enriched water. For more information visit. www.bevsystems.com http://www.bevsystems.com.
About Sun Rayz Water, Inc.
On April 8, 2004, BEVsystems International, Inc. acquired all of the issued and outstanding shares of common stock of Sun Rayz Water, Inc. Sun Rayz's sole asset is a Marketing, Distribution and Copacking Sub-Licensing Agreement that provides Sun Rayz with the non-exclusive, worldwide right to use the "FLA-USA" label in connection with the marketing, sale and distribution of bottled water products on a retail and wholesale basis.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.