East Coast Beverage Corp. ECBV, officially emerged from Chapter 11 on July 8, 2003, stated William R. Smith, CEO. The Company which filed for bankruptcy in April of 2002, announced that its Plan of Reorganization was confirmed by the U.S. Bankruptcy Court for the Southern District of Florida on July 8, 2003. Additionally, the Company also announced that as part of its restructuring, it has changed its name to NORTH AMERICAN FOOD & BEVERAGE, INC. NFBC. As called for by the Plan of Reorganization, the 1for 15 reverse stock split will be effective on the OTCBB on October 16, 2003.
North American Food & Beverage, Inc. now emerges from Bankruptcy as a diversified Food and Beverage Distributor with an agreement with Royal Brokerage Group, LLC. North American Food & Beverage, Inc. sees its agreement with Royal Brokerage Group, LLC as an opportunity to serve the rapidly expanding Hispanic food market, whose sales are expected to grow to $75 billion by 2008.
About North American Food & Beverage, Inc.
North American Food and Beverage, Inc. is now an exciting combination of marketing and distribution of both food and beverage products. The Company’s food division will be representing various ethnic food manufacturers and its own beverage division will distribute “New Age” Ready to Drink (RTD) beverages and plans to distribute its own proprietary beverages in the future. The merging of these two divisions will result in a diversified food and beverage operation with unlimited potential in the growing specialty markets.
Statements in this release, which relate to other than strictly historical facts, including statements about the Company’s plans and strategies, as well as management’s expectations about new and existing products, technologies and opportunities, market growth, demand for acceptance of new and existing products, are forward-looking statements. The words, “speak only as of the date hereof.” This press release contains certain forward-looking statements regarding NFBC, its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause NFBC’s actual business prospects and result of operation to differ materially from those that may be anticipated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by NFBC in this news release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect NFBC’s business.
CONTACT: Mirador Consulting, Boca Raton
Brian S. John, 561-989-3600