NORTH PALM BEACH, Fla., Aug. 12, 2004 (PRIMEZONE) -- Suncoast Naturals, Inc. (OTCBB:SNTL) announced today that it had completed its registration process with the Securities and Exchange Commission and the National Association of Securities Dealers, and that its Common Stock has begun public trading on the OTC Bulletin Board under the trading symbol "SNTL".
With the effectiveness of its Registration Statement, the Company has also completed its acquisition from The Quigley Corporation (NMS:QGLY) of a 60% controlling interest in Caribbean Pacific Natural Products, Inc., through an exchange of shares. The Quigley Corporation has announced that it will distribute approximately 502,000 Shares of Suncoast Naturals, Inc. as a dividend to its estimated 5,600 shareholders of record as of September 1, 2004.
Caribbean Pacific is a developer and distributor of a proprietary line of all-natural sun and skin-care products, using eco-safe ingredients derived from organic and renewable resources which have been marketed for over ten years. In addition to being the sole-source manufacturer and distributor for the entire Caribbean Pacific product line, Suncoast Naturals is also developing a complete line of all-natural skin care, sun care, and nutritional supplement products for the resort and day spa markets, cruise ships, and specialty and sports retailers.
The Suncoast Naturals, Inc. telephone number is (800) 432-6723, and the Company's informational and Internet-sales website is www.suncoastnaturals.com