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Article: BEVEX Announces Abandonment of Beverage Center Development Project.
- Article from:
- PR Newswire
- Article date:
- June 29, 2000
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SOLANA BEACH, Calif., June 29 /PRNewswire/ --
BEVEX Inc. (OTC Bulletin Board: BVEX) today announced that during a board of directors meeting held in Zurich, Switzerland on 13 June 2000, it was decided the Beverage Center Development Project was not progressing as required and, therefore, would be abandoned. The development and early-stage testing of the new beverage center design technology to date has required more time at considerably higher costs than originally anticipated without accomplishing the desired results.
Additionally, there is too much uncertainty if and when a market-ready beverage center can be delivered at the required price level to ...