Tropical Beverage To Produce For Billboard Beverage; First Year Revenue Projected to Top $20 Million
SANTA ANA, Calif., Jun 24, 2004 (BUSINESS WIRE) --
Tropical Beverage, Inc. (Pink Sheets:TPBV), a manufacturer and distributor of value-added water-based products, today announced it has agreed to produce specialty waters for Billboard Beverage. Billboard, a privately held company, works with co-packers across the country supplying private label water to clients. Terms of the agreement were not announced.

"We needed to be able to provide a custom bottle to a few of our clients. Now that we are working with Tropical, we will have the means to address our customers' needs," said Wilfredo Orozco, President of Billboard. "Our strength is customizing water by changing labels. Now that we are working with Tropical, we will be able to change the bottles, labels AND the contents. This opens up markets we could not have touched before," he added.

"We are very excited to be working with Wilfredo. Our first collaboration is projected to bring in well over $20 million revenue in the first year alone," said Chris Lotito, CFO for Tropical.

Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor distilled waters, ultra-pure purified waters, micro clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private labeled water and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.

Disclaimer: The company relies upon the Safe Harbor Laws of 1993, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

SOURCE: Tropical Beverage, Inc.

Tropical Beverage, Inc.
Chris Lotito, 714-210-8998 www.tropicalbev.com
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