TEMECULA, Calif., Sept. 25, 2003 (PRIMEZONE) -- V-Net Beverages, Inc. (Pink Sheets:VNTB), a Temecula, California publicly traded company, trading under the stock symbol VNTB, is pleased to announce that it has completed negotiations to acquire a 20% interest in a newly developed beverage manufacturing company located in Phoenix, Arizona.
The company is "Nutritional Beverages LLC," recently started by a team of beverage professionals with over 50 years of beverage production and development experience. The focus of the company is to target the fastest growing beverage segment, "Functional Beverages," which is defined as "beverages that contain added functionality by the addition of various combinations of vitamins, minerals and/or supplements."
"Nutritional Beverages is a perfect addition to our beverage portfolio," according to V-Net Beverages President and CEO Michael Brette. "There is no other beverage manufacturing facility in the Southwest that specifically targets this new emerging market of functional beverages. Nutritional Beverages intends to position itself as the premium contract manufacturing facility for all types of nutritional beverages and liquid supplements."
Nutritional Beverages has hit the ground running. Its bottling plant will be fully operational starting October 1, 2003. Already, Nutritional Beverages has secured a number of key contracts, including the following: Kroger's Supermarkets, Impact Beverages, Aerobic Life Industries and Water Resources International.
"It is such a perfect complement to our other investments. V-Net Beverages is clearly going to have an advantage over all other new age beverage companies in the future," Brette proclaims.
This press release contains statements, which may constitute ``forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Specialized Leasing Inc. and Sassoon Group Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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