Vermont Pure Holdings, Ltd. Announces Acquisitions in New York Markets
11 Giugno 2007 - 11:55PM
PR Newswire (US)
WATERTOWN, Conn., June 11 /PRNewswire-FirstCall/ -- Vermont Pure
Holdings, Ltd. (AMEX:VPS) has acquired the assets of two Home and
Office distributors in its Albany and Buffalo markets through its
Crystal Rock, LLC subsidiary. The Company has purchased the assets
of Stone Hill Water Co., Inc. of Argyle, NY and Sheridan Coffee
Services of Buffalo, NY. These businesses will be merged into the
Company's respective branch operations in Albany and Buffalo. The
combined annual revenue, consisting of water and coffee sales, from
the acquisitions is $150,000 and will add approximately 400
accounts to the Company's distribution base. Acquired assets
consist primarily of customer lists. "The acquisition of these
businesses is consistent with our strategy to increase the presence
of our dependable home and office refreshment service in our core
markets. The new accounts will immediately add to our route density
in the respective markets," said Peter Baker, President of Vermont
Pure Holdings, Ltd. "Cash flow from operations, combined with our
line of credit, has provided the financial resources for us to
pursue this strategy," he concluded. Vermont Pure Holdings, LTD. is
the largest independent and third largest Home and Office
distributor of its kind in the United States. The Company bottles
and distributes natural spring water and purified with minerals
added bottled water under the Crystal Rock(R) and the Vermont
Pure(R) trademarks. It markets its bottled water brands, as well as
coffee and other home and office refreshment products, to customers
throughout New England and New York. Vermont Pure Holdings Ltd.'s
common stock trades on the American Stock Exchange under the
symbol: VPS. Note: This press release contains forward looking
statements that involve a number of risks and uncertainties that
could cause actual results to differ materially from those
indicated by such forward looking statements, including the effects
of the pending restatement of our consolidated financial
statements, integration of acquisitions, ability to sustain and
manage growth, changing market conditions, and other risks detailed
in the company's filings with the Securities and Exchange
Commission. DATASOURCE: Vermont Pure Holdings CONTACT: Peter Baker,
President, +1-860-945-0661 Ext. 3001, or Bruce MacDonald, CFO,
+1-802-860-1126, both of Vermont Pure Holdings Web site:
http://www.vermontpure.com/
Copyright
Grafico Azioni Vermont Pure (AMEX:VPS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Vermont Pure (AMEX:VPS)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Vermont Pure Holdings Ltd (Borsa Americana (AMEX)): 0 articoli recenti
Più Vermont Pure Hldgs Articoli Notizie