Business Editors/Food Writers
MIAMI--(BUSINESS WIRE)--Oct. 4, 2002
BEVsystems International Inc. (OTCBB:BEVS) announced today that Kazi Foods Inc., the nation's second largest Kentucky Fried Chicken franchisee with annual sales in excess of $150 million, will join Miami-based
Kazi Foods extensive industry experience and position within the fast-food industry will bring BEVsystems an introduction into the fast-food market. BEVsystems will provide Kazi Foods' establishments with premium beverage products including its Life O2 SuperOxygenated Water.
"Consistent with our business strategy, our relationship with Kazi Foods will further accelerate BEVsystems' organic growth in key U.S. markets," said Bob Tatum, Chairman and CEO, BEVsystems International, Inc. "BEVsystems is committed to becoming a leader in the beverage sector and securing more alliances with leading organizations like Kazi Foods will move us closer toward realizing that goal."
"We are pleased that our customers will now be able to enjoy the increasingly popular Life02 Superoxygenated Water brand when they visit one of our KFC Restaurants in South Florida," said Zubair Kazi, founder and CEO Kazi Foods, Inc.
About Kazi Foods, Inc.
California-based Kazi Foods Inc. operates over 165 restaurants spanning 8 states with locations in California, Colorado, Hawaii, Florida, Maryland, New Jersey and Pennsylvania. The company also operates Burger King, Taco Bell and Pizza Hut restaurants. The franchise-owner recently increased its Hawaiian holding of 27 KFC restaurants to include 20 Burger King franchises and has signed a development agreement with Burger King Corporation that could add an additional 10 to 15 locations to the fast food chain in Hawaii.
About BEVsystems International Inc.
Miami, Florida-based BEVsystems International Inc. (OTCBB:BEVS) is a fast-growing leader in the premium beverage industry. With sales in 22 countries, the success of its flagship Life02 SuperOxygenated Water brand, infused with up to 1,500 percent more oxygen via patented process and technology innovations, underscores BEVsystems' commitment to sales, marketing, and innovation to deliver superior quality beverage products. A recently published peer review study in The European Journal of Medical Research details the medical benefits of oxygen-enriched water. For more information, visit http://www.bevsystems.com.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.