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|  | | July 3, 2002 Central European Distribution Corporation Affirms Previous Projections For 2nd Quarter And Full Year 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 2002 second quarter earnings in the beginning of August that will be in-line with previous projections of $0.36 per share. The Company is also maintaining its previous estimates of net revenue of $300-$310 million and earnings per share of $1.10-$1.15. The above estimates include the recently closed acquisitions and double digit organic growth. 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. The Company operates thirty regional distribution centers in major urban areas throughout Poland. 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, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements included in the Company's Form 10-K for the fiscal year ended December 31, 2001, and other periodic reports filed with the Securities and Exchange Commission.
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. | |||||||||||||||||||||||||||||
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