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BEVsystems Receives Life 02 Container Order For Washington, D.C.; SuperOxygenated Water Subject of WOL 1450 AM Radio Talk Show
BEVsystems Receives Life 02 Container Order For Washington, D.C.; SuperOxygenated Water Subject of WOL 1450 AM Radio Talk Show
MIAMI, FL (PRWEB) August 28, 2003 -- BEVsystems International, Inc. (OTCBB:BEVIE) announced today that it has received a new order for one container of Life 02 from House of Mohan, the distributor for Life O2 SuperOxygenated Water covering the Washington, D.C. area. A container consists of 22 pallets, with each pallet holding 56 cases of Life 02, packed 24 bottles to the case.
House of Mohan distributes to over 10,000 independent grocery stores, mini-food marts and convenience stores including 7-11 outlets. Melvin Coles, the House of Mohan's President, said, "The demand for Life O2 continues to expand. This is our second order for Life 02 in the past two weeks."
The new House of Mohan order will be delivered to Big Bear Wholesalers - suppliers to independent food stores and also to Healing and Happiness at DePlace. Kibwe Bey, the owner, hosts a two-hour weekly radio talk show in Washington, D.C. on WOL 1450 AM, Thursday mornings at 10:00. This past week on August 14, 2003 his radio subject was SuperOxygenated Water and featured three medical doctors discussing the benefits of SuperOxygenated Water.
BEVsystems International, Inc. previously announced that an "e" was affixed to its trading symbol by the Over-The-Counter Bulletin Board, which indicates that BEVsystems is delinquent in filing its Form 10-KSB - Annual Report for the fiscal year ending March 30, 2003. A Notification for Late Filing was filed with the Securities and Exchange Commission by BEVsystems on July 1, 2003.
BEVsystems has been orally advised by representatives of the NASD that it is required to file its Form 10-KSB - Annual Report by September 8, 2003 or it will be delisted from the Over-The-Counter Bulletin Board. While BEVsystems expects to be able to file its Form 10-KSB - Annual Report prior to September 8, 2003 in order to maintain its listing on the Over-The-Counter Bulletin Board, no assurance can be given that it will do so.
BEVsystems also intends to file its Form 10-QSB for the quarter ended June 30, 2003 soon thereafter. These two filings will reflect changes in the Balance Sheet that are a result of the previously announced re-structuring of BEVsystems. Should delisting from the Over-The-Counter Bulletin Board occur, BEVsystems' common stock will be traded on the Pink Sheets which may reduce the liquidity and price of BEVsystems' common stock.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
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