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August 18, 2003
Central European Distribution Corporation Receives Exclusive Distribution Rights in Poland for Grolsch Beer and Jose Cuervo Tequila Sarasota, Florida: Central European Distribution Corporation, today announced it had secured exclusive distribution rights in Poland for Grolsch beer, one of the leading international beer brands in the world and for Jose Cuervo Tequila, the leading tequila brand in the world. CEDC has taken over the exclusive rights for Jose Cuervo from Diageo and for Grolsch from the local brewery Brok/Strzelec. William Carey, Chairman and CEO commented, "We are excited to bring on these two world-class brands to the CEDC exclusive import list. Grolsch extends our stellar import beer portfolio and Jose Cuervo gives us one of the top names in a fast-growing Polish market for tequila. With European Union ascension in May 2004, the import duties for these brands will go to zero, thereby making these brands more price competitive with domestic products. We expect to see great potential for both brands in Poland." CEDC is one of the leading importers of beers, wines and spirits, as well as the largest distributor of domestic vodka on a nationwide basis in Poland. The Company operates 52 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, Jose Cuervo Tequila, Sutter Home, Torres, Mondavi and Concha y Toro wines, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers. Contact: 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. |
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