American Water Star (AMEX:AMW)
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From Jun 2019 to Jun 2024
American Water Star Inc. (AMEX: AMW) announced it has
received an acceptance letter from the American Stock Exchange
("AMEX") regarding AMW's plan submitted on May 4, 2005. AMW is not in
compliance with the continued listing standards of AMEX but its
listing is being continued pursuant to an extension granted by AMEX.
AMW submitted a plan to AMEX which detailed AMW's intentions to
rectify its deficiency in reporting obligations. The extension by AMEX
was also predicated on AMW filing its Form 10-KSB on or before the
target date of June 15, 2005. AMW is working diligently on a daily
basis to file the 2004 10-KSB and anticipates filing by the target
date.
About American Water Star Inc.
American Water Star Inc. ("AMW") is a publicly traded company and
is engaged in the beverage bottling industry. Its product brands are
licensed and developed in-house and bottled in strategic locations
throughout the United States. AMW's beverage products are sold by the
truckload, principally to distributors who sell to retail stores,
corner grocery stores, convenience stores, schools and other outlets.
At AMW, we believe our great-tasting, new zero sugar, zero calorie
flavored water beverages have positioned us to capture a large share
of the market for healthy flavored waters. Our product line consists
of four branded beverages: Geyser Sport, Geyser Fruit, Geyser Fruta,
and Hawaiian Tropic. Geyser Sport is a sugar-free, calorie-free,
carb-free, fruit-flavored beverage fortified with vitamins and
calcium, offered in eight different fruit flavors. Geyser Fruit is a
non-carbonated water with a low sugar content, also offered in eight
different flavors. Geyser Fruta is targeted to the Hispanic market and
includes authentic Latin-flavored beverages. Our Hawaiian Tropic
products feature sugar-free, no carbohydrate, caffeine-free,
sodium-free tropical drinks offered in four flavors.
Forward-Looking Statements
This press release may contain statements that constitute
"forward-looking statements" as defined under U.S. federal securities
laws. Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "establish," "project" and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations or
projections. These risks include, but are not limited to, meeting our
target date of June 15, 2005, for the filing of our Form 10-KSB; our
ability to comply with our submitted plan to AMEX; obtaining required
consents from our previous independent auditor; our ability to become
an industry leader; changes in economic conditions; changes in the
non-alcoholic beverages business environment, including actions of
competitors and changes in consumer preferences; our ability to
capture market share; the effectiveness of our advertising and
marketing programs; fluctuations in the cost and availability of raw
materials or necessary services; our ability to avoid production
output disruptions; our ability to achieve earnings goals; regulatory
and legal changes; our ability to penetrate developing and emerging
markets; litigation uncertainties; and other risks discussed in our
filings with the SEC, including our Annual Report on Form 10-KSB,
Quarterly Reports on Form 10-QSB, and Current Reports on Form 8-K,
which reports are available from the SEC. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. We undertake no obligation to publicly update or
revise any forward-looking statements to reflect current events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.