| Business Summary | | Hawaiian
Natural
Water
Company,
Inc.
produces
and
sells
bottled
water
under
the
Hawaiian
Springs
and
Ali'i
brand
names,
and
a
line
of
herbal
beverages
under
the
East
Meets
West
XEN
brand
name.
The
Company
draws
its
Hawaiian
Springs
water
from
a
well
located
at
the
base
of
the
Mauna
Loa
mountain
in
Kea'au
(near
Hilo)
on
the
Big
Island
of
Hawaii.
The
water
is
"bottled
at
the
source"
in
polyethylene
terepthalate
(PET)
plastic
bottles
that
are
manufactured
at
the
Company's
bottling
facility.
PET
products
under
the
Ali'i
name
are
bottled
at
the
same
facility,
using
purified
water.
In
November
2000,
the
Company
entered
into
a
merger
agreement
with
Amcon
Distributing
Company,
pursuant
to
which
the
Company
has
agreed
to
merge
with
and
into,
and
thereby
become,
a
wholly
owned
subsidiary
of
Amcon.
The
Company
anticipates
that
the
merger
will
be
completed
by
June
30,
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hawaiian
Natural
Water
Company
is
engaged
in
the
bottling,
marketing
and
distribution
of
natural
water
under
the
name
Hawaiian
Springs,
drawn
from
a
well
located
at
the
base
of
the
Mauna
Loa
mountain
range
on
the
Big
Island
of
Hawaii.
For
the
six
months
ended
6/30/01,
net
sales
fell
27%
to
$1.6
million.
Net
loss
applicable
to
Common
fell
69%
to
$632
thousand.
Results
reflect
reduced
sales
of
XEN
and
PET
products,
offset
by
lower
selling
and
impairment
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Marcus Bender, 51 Pres,
CEO | $275K | Willard Irwin, 56 CFO,
Treasurer | -- | Daniel Gabriel, 38 Director,
Pres of Aloha Water Company, Inc | -- | Raymond Riss, 56 Exec.
VP- Sales and Marketing | -- | Tate Robinson, 52 VP--Admin. | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|