Article: Gourmet's Choice Coffee Co. Terminates Acquisition Plans with International Beverage Development Corporation;

 
   Shareholders Approve Increasing Authorized Common Shares 

NEW YORK, March 3 /PRNewswire/ -- Gourmet's Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) announced today that it has terminated acquisition talks with International Beverage Development Corporation ("IBDC"). On February 9, 1998 the Company had announced plans to acquire IBDC, which owns 100% of AmViet Development Corporation which has a license to bottle and sell beverages of the Monarch Company in Viet Nam.

Jeffery N. Young, president of the Company said, "In the course of our due diligence activities with respect to the proposed acquisition we determined that the license ...

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