Legal Status of Esio Water and Beverage Development Corp. Unaffected by Esio Holding Company, LLC Bankruptcy Filing
March 04 2013 - 8:28AM
Marketwired
Esio Water and Beverage Development Corp. (OTCBB: ESWB) ("the
Company") would like to clarify that its legal status has not been
affected by the bankruptcy filing by Esio Holding Company, LLC.
On February 23, 2013, Esio Holding Company, LLC ("EHC") and Esio
Franchising, LLC ("EFC"), a subsidiary of EHC, filed a Chapter 11
petition in U.S. Bankruptcy Court, District of Arizona.
Esio Water and Beverage Development Corp. is a separate
corporate entity, with separate shareholder ownership, that has
entered into various franchising agreements with EFC with respect
to the Dallas/Ft. Worth region. Esio Water and Beverage Development
Corp. was not part of the bankruptcy filing by EHC and EFC. The
Company also notes that it is current with all of its filings with
the Securities and Exchange Commission.
The impact of the bankruptcy filing by EHC and EFC upon the
business of Esio Water and Beverage Development Corp. is not known
at the present time and may not be fully determined for several
months.
About Esio Water and Beverage Development
Corp.
Esio Water and Beverage Development Corp. Is headquartered in
Scottsdale, Arizona, and its common stock trades on the OTC
Bulletin Board under the symbol "ESWB".
Additional information on Esio Water and Beverage Development
Corp. is available on the Internet at www.sec.gov under the
"Company Filings" section.
Forward-Looking Statements
The information in this news release includes certain
forward-looking statements that are based upon assumptions that in
the future may prove not to have been accurate and are subject to
significant risks and uncertainties, including statements related
to the future financial performance of the Company. Although the
Company believes that the expectations reflected in the
forward-looking statements are reasonable, it can give no assurance
that such expectations or any of its forward-looking statements
will prove to be correct. Factors that could cause results to
differ include, but are not limited to, the currently unknown
impact of bankruptcy filings by EHC and EFC upon the Company's
business, successful execution of the Company's growth strategies,
consumer acceptance of the ESIO Hot & Cold Beverage System, the
impact of competitive products and services, general economic
conditions, and other risks and uncertainties described in the
Company's periodic filings with the Securities and Exchange
Commission.
For additional information, please contact: Anthony Silverman
Chief Executive Officer (480) 980-0179 RJ Falkner & Company,
Inc. Investor Relations Counsel (830) 693-4400 Email Contact
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