|
|
||||||||||||||||||||||||||||||||
|
 |
|
January 31, 2002
Central European Distribution Corporation Affirms Previous Projections for 2001 and 2002 Sarasota, Florida: In response to questions concerning the recent market activity in Central European Distribution Corporation, (Nasdaq: CEDC) stock, the Company stated today that it intends to announce 2001 earnings in mid-February that will be in-line with previous projections. The Company is also affirming its previous 2002 projections of which the recently announced proposed acquisition of Damianex is expected to be accretive. CEDC is the leading importer of beers, wines and spirits, as well as the largest distributor of domestic vodka on a nationwide basis in Poland, a $3.5 billion-dollar market at the retail level in 2000. The Company operates twenty regional distribution centers in major urban areas throughout Poland, one of Europe's fastest growing economies, from which it distributes many of the world's leading brands, including brands such as Johnnie Walker Scotch, Stock Brandy, Sutter Home, Torres, Mondavi and Concha y Toro wines, Miller Genuine Draft, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers.
Contact: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that are detailed from time to time in the Company's Securities and Exchange Commission reports. |
|||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
