American Water Star Completes Acquisition of All-Star Beverages

January 9, 2003

American Water Star Inc. completed the acquisition of All-Star Beverages, Inc. (formerly Star Beverage Inc.), effective as of Dec. 24, 2002. All-Star Beverages. was previously a privately held company.

The acquisition of All-Star Beverages has a total value of $6,322,912. The assets consist of equipment, finished goods, accounts receivable and cash. American Water Star has issued 8.2 million shares of common stock in exchange for 100 percent of All-Star Beverages.

The total combined assets for American Water Star now exceed $7.5 million.

"The company has now positioned itself with adequate equipment and inventory to begin the new year consistent with its corporate goal of having sales in excess of $20 million for the 2003 calendar year," stated Roger Mohlman, president and CEO of American Water Star.

Source:

American Water Star, Inc.

Leave A Comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.