SodaStream CEO, Daniel Birnbaum, Issues Statement Regarding Coca-Cola's Threatened Lawsuit
AIRPORT CITY, Israel, June 22, 2012 /PRNewswire/ -- SodaStream International, Ltd. (NASDAQ: SODA) today announced that its CEO, Daniel Birnbaum, had the following to say in regards to Coca-Cola's threatened lawsuit:
Further to recent reports of the cease and desist order issued to us by Coca-Cola in response to our Cage Exhibit in South Africa, we stand firm in our intention not to comply. We have more than 30 such exhibits around the world, which contain bottles, and cans collected from local garbage dumps and they serve to communicate a loud and clear message about waste generated by packaged beverages. If Coca-Cola claims to still own these bottles, then they should clean up their own garbage. Approximately 1 billion bottles and cans end up in our parks, rivers, oceans and garbage dumps every day worldwide---almost 400 million in America alone. Coke will not silence us with threatening letters.
We will be exhibiting the Cage in Atlanta's Centennial Park today and tomorrow (Friday June 22nd, Saturday June 23rd) to show the citizens of Atlanta what the Coca-Cola executives do not want them, or the world, to see.
SodaStream manufactures beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Soda makers offer a highly differentiated and innovative solution to consumers of bottled and canned carbonated soft drinks and sparkling water. Our products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, our products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. Our products are available at more than 50,000 retail stores in 43 countries around the world. For more information on SodaStream, please visit the Company's website: www.sodastream.com.
Forward Looking Statement
This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to expand into our target markets, including the United States; our ability to continue to develop or maintain our presence in retail networks; our ability to develop and implement production and operating infrastructure to effectively support our growth; the success of our marketing campaigns and media spending in terms of increased sales or increased product and brand name awareness; our ability to maintain our customer base in markets where we have an established presence; the risks associated with our reliance on exclusive arrangements for the distribution of our home beverage carbonation systems and consumables in each of the markets in which we use third-party distributors; our ability to compete effectively with other companies which currently offer, or may offer in the future, competing products; potential product liability claims if any component of our home beverage carbonation systems is misused; our ability to protect our intellectual property rights; our being found to have a dominant position in certain markets which may place limits on our ability operate; risks associated with our being subject to fluctuations in currency exchange rates; our potential exposure to greater than anticipated tax liabilities; our products being subject to extensive governmental regulation in the markets in which we operate; adverse conditions in the global economy which could negatively impact our customers' demand for our products; and other factors detailed in documents we file from time to time with the United States Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
SOURCE SodaStream International, Ltd.