CORONA, Calif., Sept. 7, 2005 (PRIMEZONE) -- Nationwide Beverage Bottling Corporation (Pink Sheets:NBVB) announced today that it has reached an agreement in principle with Dr. Pepper/7-Up Bottling Company of the West that will allow Nationwide to expand the distribution of one of its most popular product lines -- KoKomo(tm) Mountain Spring Water flavored beverages.
The definitive agreement, when signed, will provide for Dr. Pepper/7-Up Bottling Company of the West, a 100-year-old bottler based in Reno, Nevada, to co-pack and distribute the KoKomo(tm) product line from its facilities in Boise, Idaho; Reno, Nevada; and Chico, California.
Steve Rice, president and CEO of Nationwide, stated, "When consummated, this agreement will allow us to expand the distribution of our products to the states of Washington, Oregon, Idaho, and Montana. We currently sell the KoKomo(tm) product line in many of the Southern California stores of Costco Wholesale Warehouse. This expansion will give us the opportunity to provide product to substantially more stores in the Costco chain. In addition, we expect to increase sales to other existing customers including Albertsons, the nation's second largest supermarket chain, which is based in Boise, Idaho, and The Kroger Company's Fred Meyer chain, which has stores throughout the Pacific Northwest."
Mr. Rice went on to say, "Expanding into the Pacific Northwest is just one of our growth goals, and it reflects just another step in our strategy to establish Nationwide as a national leader in the beverage bottling industry."
Through its wholly owned subsidiary, Nationwide Beverage Bottling, Inc., the company operates a bottling facility in Corona, California. Currently, the plant has a capacity of approximately 1,000 bottles (up to a half liter size) per minute of any still water-based, cold-filled product. The company presently produces and markets its own beverage line, Agua Sabores(tm), a beverage based upon a traditional Hispanic beverage -- a fructose-sweetened and fruit flavored water product. In addition, the company produces, markets, and distributes Palomar Mountain Spring Water and the complete line of Kokomo(tm) Mountain Spring Water flavored beverages.
For more information about Nationwide Beverage Bottling Corporation and its products, please visit our website www.nbbottling.com, or see www.pinksheets.com for our current disclosure document.
A number of statements referenced in this release, and any other interviews that have been made, are "forward-looking statements," which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumption of future events, or performance are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Nationwide Beverage Bottling Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies; competitive market conditions; successful integration of acquisitions; the ability to secure additional sources of financing; the ability to reduce operating expenses; and other factors described in the company's public disclosure documents. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company does not undertake any responsibility to update the "forward-looking" statements contained in this news release.