1.6.2004: Meldung: Hansen Natural Corp.: Court Rules in Favor of Hansen Regarding State of California Apple Juice Contract
Friday May 28, 8:15 am ET
CORONA, Calif.-- May 28, 2004--Hansen Natural Corporation (Nasdaq:HANS - News) said today that the Sacramento County Superior Court has denied a petition filed by Tree Top, Inc., for a writ of mandate requesting the Court, among other things, to direct the State of California Department of Health Services (DHS) to set aside its award of the WIC (Women, Infants and Children"s Supplemental Nutritional Program) apple juice contract to Hansen Beverage Company and award it to Tree Top, or alternatively, to direct DHS to rebid the apple juice contract.
On March 4, 2004, Hansen Natural announced that its wholly owned subsidiary, Hansen Beverage Company, had been awarded exclusive three year contracts by the DHS under its WIC Program to supply 64 oz. shelf stable ready to drink (RTD) 100% apple juice and 64 oz. shelf stable RTD 100% apple grape juice. Hansen said the three-year agreements will have a further one-year extension option subject to agreement between the company and the State of California DHS.
Hansen said delivery of the first juices to the trade pursuant to the contracts is expected to commence prior to the scheduled July 12, 2004 start date for the contracts.
Hansen Natural Corporation markets and distributes Hansen"s® Natural Sodas, Signature Sodas, fruit juice and soy Smoothies, Energy drinks, Energade® energy sports drinks, E20 Energy Water®, functional drinks, Sparkling Lemonades and Orangeades, multi-vitamin juice drinks in aseptic packaging, Junior Juice® juice, iced teas, lemonades and juice cocktails, apple juice, cider and juice blends, as well as nutrition bars, Blue Sky® brand carbonated beverages, Monster Energy(TM) brand energy drinks and Lost® Energy(TM) brand energy drinks. The company"s subsidiary Hard e Beverage Co. markets and distributes Hard e malt beverages. Hansen can be found on the Web at www.hansens.com.
Hansen Natural Corporation
Rodney C. Sacks or Hilton H. Schlosberg, 909-739-6200
Roger S. Pondel, 323-866-6060
Source: Hansen Natural Corporation