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Article: The Children's Beverage Group, Inc. Settles Patent Royalty Issue.
- Article from:
- Business Wire
- Article date:
- November 22, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORTHBROOK, Ill.--(BUSINESS WIRE)--Nov. 22, 1999--
The Children's Beverage Group, Inc. (OTC/BB: TCBG) announced today that In an effort to maximize shareholder value, The Children's Beverage Group, Inc has settled its royalty payment schedule under its twenty (20) year patent licensing agreement. The Children's Beverage Group Inc. will be obligated to pay the patent holder one (1) dollar per year unless there is a change of ownership.
Jon Darmstadter President & CEO of The Children's Beverage Group, Inc., stated "As the largest shareholder of The Children's Beverage Group, Inc., it has always been and will always be my intention to deliver the best ...