Clearly Canadian Beverage Corporation

Clearly Canadian Beverage Corporation

March 03, 2005 10:00 ET

Clearly Canadian Announces Additional Negotiations with BG Capital


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CLEARLY CANADIAN BEVERAGE CORPORATION

CNQ, OTC Bulletin Board SYMBOL: CCBC

MARCH 3, 2005 - 10:00 ET

Clearly Canadian Announces Additional Negotiations
with BG Capital

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 3, 2005) - CLEARLY
CANADIAN BEVERAGE CORPORATION (CNQ:CCBC)(OTCBB:CCBC) - In the Company's
News Release of February 18, 2005, Clearly Canadian announced that it
had completed a US$1,000,000 short term financing facility with BG
Capital Group Ltd. ("BG Capital"). Further to this announcement, the
Company has since entered into a letter of intent with BG Capital for an
additional funding facility. Such additional funding is subject to
Clearly Canadian and BG Capital concluding definitive agreements, and
thereafter, obtaining any necessary regulatory and shareholder
approvals. The Company will issue a further news release once definitive
agreements with BG Capital have been concluded.

About BG Capital

BG Capital Group is a merchant bank specializing in small to mid-cap
growth opportunities. Its holdings include 100%, 50% and largest
shareholder positions in numerous public and private companies
throughout the United States and Canada, all of which are profitable,
with cumulative revenues in excess of US$100 million. BG Capital has
over 20 years of investor relations experience as well as in-depth
marketing and financial management expertise. It has an incredible track
record of success in identifying promising enterprises and profitably
growing them with an effective hands-on management style.

About Clearly Canadian

Based in Vancouver, B.C., Clearly Canadian Beverage Corporation markets
premium alternative beverages and products, including Clearly
Canadian® sparkling flavoured water, Clearly Canadian O+2® oxygen
enhanced water beverage and Tre Limone® which are distributed in the
United States, Canada and various other countries. Additional
information about Clearly Canadian may be obtained on the world wide web
at www.clearly.ca.

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties.
Words such as "expects", "intends", "may", "could", "should",
"anticipates", "likely", "believes" and words of similar import also
identify forward-looking statements. Forward-looking statements are
based on current facts and analyses and other information that are based
on forecasts of future results, estimates of amounts not yet determined
and assumptions of management, including, but not limited to, the
Company's ability to raise additional debt and/or equity financing to
fund operations and working capital requirements, the Company's analysis
of its current and future sales and sales trends, its product
distribution systems, as well as anticipated changes thereto, the
Company's expectations regarding the effects of its restructuring
efforts and its product distribution, promotional and marketing
activities and the potential benefits of such changes, efforts and
activities on its results of operations in future periods. Actual
results may differ materially from those currently anticipated due to a
number of factors including, but not limited to, general economic
conditions, changing beverage consumption trends of consumers, the
Company's ability to generate sufficient cash flows to support general
operating activities and capital expansion plans, competition, pricing
and availability of raw materials, the Company's ability to maintain the
current and future retail listings for its beverage products and to
maintain favorable supply, production and distribution arrangements,
laws and regulations and changes thereto that may affect the way the
Company's products are manufactured, distributed and sold and other
factors beyond the reasonable control of the Company. Additional
information on factors that may affect the business and financial
results of the Company can be found in filings of the Company with the
U.S. Securities and Exchange Commission and with the British Columbia
and Ontario Securities Commissions.

CLEARLY CANADIAN BEVERAGE CORPORATION

Douglas L. Mason, President and C.E.O.

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of
various trademarks, including CLEARLY CANADIAN®. CLEARLY CANADIAN
BEVERAGE CORPORATION, and its wholly owned subsidiaries, produce,
distribute and market CLEARLY CANADIAN®, CANADIAN O+2® and TRE
LIMONE®.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Clearly Canadian Beverage Corporation
    Valerie Samson
    Manager, Communications
    1-800-663-5658 (USA) or 1-800-663-0227 (Canada)
    vsamson@clearly.ca
    or
    Clearly Canadian Beverage Corporation
    Clive Shallow
    Manager, Shareholder Relations
    1-800-663-5658 (USA) or 1-800-663-0227 (Canada)
    cshallow@clearly.ca
    www.clearly.ca