SCOTTSDALE, AZ--(Marketwire - Mar 4, 2013) - Esio Water and Beverage Development Corp. (OTCBB: ESWB) ("the Company") would like to clarify that its legal status has not been affected by the bankruptcy filing by Esio Holding Company, LLC.
On February 23, 2013, Esio Holding Company, LLC ("EHC") and Esio Franchising, LLC ("EFC"), a subsidiary of EHC, filed a Chapter 11 petition in U.S. Bankruptcy Court, District of Arizona.
Esio Water and Beverage Development Corp. is a separate corporate entity, with separate shareholder ownership, that has entered into various franchising agreements with EFC with respect to the Dallas/Ft. Worth region. Esio Water and Beverage Development Corp. was not part of the bankruptcy filing by EHC and EFC. The Company also notes that it is current with all of its filings with the Securities and Exchange Commission.
The impact of the bankruptcy filing by EHC and EFC upon the business of Esio Water and Beverage Development Corp. is not known at the present time and may not be fully determined for several months.
About Esio Water and Beverage Development Corp.
Esio Water and Beverage Development Corp. Is headquartered in Scottsdale, Arizona, and its common stock trades on the OTC Bulletin Board under the symbol "ESWB".
Additional information on Esio Water and Beverage Development Corp. is available on the Internet at www.sec.gov under the "Company Filings" section.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the currently unknown impact of bankruptcy filings by EHC and EFC upon the Company's business, successful execution of the Company's growth strategies, consumer acceptance of the ESIO Hot & Cold Beverage System, the impact of competitive products and services, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.