U.S. Bankruptcy Court Orders Auction Of Bottled Water Company

Apr 04, 2001, 01:00 ET from Paul McInnis, Inc.

    NORTH HAMPTON, N.H., April 4 /PRNewswire/ -- The United States Bankruptcy
 Court in Manchester, New Hampshire, issued an order on March 27, 2001,
 requested by the Trustee, Michael Askenaizer, stating that the assets of the
 Amsource, LLC, Bottled Water Company be liquidated at auction.
     Paul McInnis, Inc., Auctioneer, of North Hampton, New Hampshire, was hired
 by the Trustee to conduct the auction.
     "We will liquidate all the assets of the company at public auction," said
 Paul McInnis, President of the auction company.
     "This offering represents an excellent opportunity to buy the assets of
 this company individually or as a package."
     Amsource was a private label bottler supplying spring water in 5-gallon
 cooler jugs and 1-gallon jugs to supermarkets across the Northeast.  The
 bottling equipment is set up for high capacity and is located in a 67,000+/-
 sq. ft. building in Claremont, New Hampshire.  The 5-gallon line is rated at
 1,200 bottles an hour and the 1-gallon line is rated at 100 bottles per
 minute.  A brand new 300 bpm filler is also available.
     The International Bottled Water Association projects the U.S. demand for
 bottled water to increase at an annual compounded growth rate of 7.9% over the
 next several years, resulting in a total annual consumption in excess of 6
 billion gallons.
     There is a water supply contract with Pristine Mountain Springs of
 Stockbridge, Vermont, which can be extended until the year 2049 that will be
 sold as well.
     The auction is scheduled for May 1st.  The assets can be viewed on-line at
 www.paulmcinnis.com or by calling the Auctioneer's office for more information
 at (603) 964-1301.
 
 

SOURCE Paul McInnis, Inc.
    NORTH HAMPTON, N.H., April 4 /PRNewswire/ -- The United States Bankruptcy
 Court in Manchester, New Hampshire, issued an order on March 27, 2001,
 requested by the Trustee, Michael Askenaizer, stating that the assets of the
 Amsource, LLC, Bottled Water Company be liquidated at auction.
     Paul McInnis, Inc., Auctioneer, of North Hampton, New Hampshire, was hired
 by the Trustee to conduct the auction.
     "We will liquidate all the assets of the company at public auction," said
 Paul McInnis, President of the auction company.
     "This offering represents an excellent opportunity to buy the assets of
 this company individually or as a package."
     Amsource was a private label bottler supplying spring water in 5-gallon
 cooler jugs and 1-gallon jugs to supermarkets across the Northeast.  The
 bottling equipment is set up for high capacity and is located in a 67,000+/-
 sq. ft. building in Claremont, New Hampshire.  The 5-gallon line is rated at
 1,200 bottles an hour and the 1-gallon line is rated at 100 bottles per
 minute.  A brand new 300 bpm filler is also available.
     The International Bottled Water Association projects the U.S. demand for
 bottled water to increase at an annual compounded growth rate of 7.9% over the
 next several years, resulting in a total annual consumption in excess of 6
 billion gallons.
     There is a water supply contract with Pristine Mountain Springs of
 Stockbridge, Vermont, which can be extended until the year 2049 that will be
 sold as well.
     The auction is scheduled for May 1st.  The assets can be viewed on-line at
 www.paulmcinnis.com or by calling the Auctioneer's office for more information
 at (603) 964-1301.
 
 SOURCE  Paul McInnis, Inc.