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September 17, 2003
CEDC Announces Advisor for the Upcoming Privatization Of Polmos Bialystok, the Largest Distillery in Poland Sarasota, Florida: Central European Distribution Corporation, today announced it has appointed ING Investment Banking London to act as its financial advisor in the upcoming privatization of Polmos Bialystok. William Carey, President and CEO said, "We believe ING's privatization experience in Poland will be a tremendous asset as we move forward with the privatization process. Polmos Bialystok is the last major distillery to be privatized. It is the most profitable distillery in Poland with both the number-one selling brand domestically and with a premier export brand. The potential investment would complement our existing business, and we see great opportunities for synergies that would further strengthen our current market position." The Polish Ministry of the State Treasury is looking to privatize Polmos Bialystok by the end of 2004. 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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