GARDEN CITY, N.Y., July 8, 2004 (PRIMEZONE) -- Continental Beverage & Nutrition, Inc. (OTCBB:COBN) today announced that it has succeeded in having its stock removed from trading on the Berlin-Bremen Stock Exchange. Continental Beverage discovered that it was one of numerous American publicly traded companies whose stock was listed on the Berlin-Bremen exchange without its knowledge, consent or authorization. Upon the discovery of this illicit listing, Continental, through its own efforts and the efforts of its corporate counsel, immediately proceeded to effect a delisting from the Berlin-Bremen Exchange. It has been suggested that these listings are arranged by domestic and foreign brokers to circumvent recent NASD and SEC restrictions against "naked short selling," market manipulation by selling non-existent shares of stock in an effort to force the price down.
The Berlin-Bremen Exchange suspended trading of COBN effective July 6, 2004.
Continental Beverage & Nutrition, Inc. continues to trade under the symbol "COBN" in the United States on the NASDAQ Over The Counter Bulletin Board (OTCBB). Investors interested in obtaining shares of Continental Beverage & Nutrition, Inc. should purchase their shares only from authorized broker-dealers who will execute trades on the Over The Counter Bulletin Board.
About Continental Beverage & Nutrition, Inc.:
Continental Beverage & Nutrition, Inc. develops, produces, and markets bottled water and nutritionally enhanced beverage products for distribution and sale throughout North America, including The Punisher Energy Water Drink, and nutritional beverage products in conjunction with significant nutritional brands including TrimSpa(r), Pinnacle, and others.
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of Continental Beverage & Nutrition, Inc., are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, Continental Beverage & Nutrition, Inc. disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.