TEMECULA, Calif., Sept. 18, 2003 (PRIMEZONE) -- V-Net Beverages, Inc. (Pink Sheets:VNTB) is pleased to announce that it has entered into an agreement to acquire a 25% stake in an emerging beverage technology company, "Impact Beverages Inc." of Scottsdale, Arizona.
"V-Net Beverages, Inc. is proceeding with its strategy of positioning itself to take advantage of the next wave in the beverage and bottled water industry," according to Michael Brette, company Chairman and CEO. "Its always difficult to predict the next major industry innovation, but we are certain that the technology offered by Impact Beverages will be a significant player in the future," a confident Brette explained.
Impact Beverages is a technology-based company that, through its unique patented and patent pending discoveries, has the opportunity to bring the first new innovative process to the production of beverages and fluid foods in the past 50-60 years. The company currently owns two patents, one process patent and its first formula patent, in addition to two additional patents pending formulations. The company also has exclusive use of a special trade secret protected technology used in its manufacturing process. These technologies allow for the manufacture of beverage products using a less expensive and more efficient cold fill process rather than traditional hot fill. The advantages that these discoveries bring to manufacturers and consumers are impressive. The company will license these technologies to large consumer products manufacturers globally, sell formulas used to make concentrates and, in some instances, sell concentrates directly.
"Already Impact has attracted the attention of a number of major consumer giants, and is in discussion with representatives from various international consortiums," stated Brette. "The future is here and we want to be in the forefront."
V-Net Beverages, Inc. owns 100% of Palm Springs Bottling Company and 100% of Buzzy's Coffee Company. The Company is on an aggressive path to consolidate a highly fragmented specialty niche beverage industry. The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words `estimate, "anticipate, "believe, "expect, "plan, "or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, and dependence on technological developments. The company's actual results could differ materially from those discussed herein.