About American Water Star
AMWS was started as a company that developed, marketed, sold, and distributed bottled water with four branded beverages: Hawaiian Tropic, Geyser Fruit, Geyser Sport, and Geyser Fruta. The products were orientated to the health conscious consumer looking for an alternative to products containing high sugar and caffeine levels. Our customers included single and multi-store retail operations, governmental agencies, and distributors who in turn sold to retail stores, convenience stores, schools and other outlets. Additionally, AMWS branched into the private label and co-packing industries in the fourth quarter of 2004.
During the third quarter of 2005, AMWS defaulted on loans held by Laurus Master Fund (“Laurus”) and most of its operations ceased by the end of 2005. In March of 2006, all AMWS’ real and personal property was sold in a foreclosure sale. Since that time AMWS has been focused on rebuilding its operations and intends to reemerge in the beverage industry. AMWS maintains it headquarters in Las Vegas, NV and is in the process of establishing a small sampling of various branded beverage lines. New Age Packaging, Inc., a wholly-owned subsidiary of AMWS, has developed a packaging process that will be an alternative to traditional plastic bottles, glass containers and aluminum cans. This process requires alternative manufacturing and distribution coordination as compared to traditional bottling procedures. AMWS believes this innovative technology could also be utilized in many other areas of the food industry, including sauces, salsas, etc. In December of 2003, our Board of Directors declared a dividend to stockholders of record as of March 15, 2004, in the form of all of the common stock of New Age Packaging, Inc. AMWS has not been able to effectuate the distribution of the NAP shares as of yet but plans to do so in the future. |
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