American Water Star (AMEX:AMW)
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From May 2019 to May 2024
American Water Star Inc. (AMEX: AMW), today
resumed the trading of its common stock on the American Stock Exchange
(AMEX). AMEX's Listing Qualifications Department notified AMW
yesterday that the continued listing deficiencies were resolved but
that AMW will continue to be assessed on an ongoing basis.
As stated in previous press releases, AMW still plans to file, as
soon as practicable, amended reports on Forms 10-QSB for the quarterly
periods ended June 30, 2004 and Sept. 30, 2004 to include restatements
of the financial statements as concluded by AMW's audit committee and
its independent registered public accounting firm.
"We would like to thank our stockholders for their patience and
support while the trading halt was in place," stated Roger Mohlman,
CEO of American Water Star Inc. AMW's management believes it has
reviewed and analyzed controls and procedures for future operations to
prevent delays in subsequent filings. Further, AMW feels the steps
taken were necessary for it to improve operations and allow for
anticipated expansion of its business operations.
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, our ability
to meet the continued listings standards of AMEX and the ongoing
assessments of AMEX; our ability to file the amended quarterly reports
for 2004; our ability to meet the filing deadlines for future reports;
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.