Leading Brands, Inc. Announces Renewal of Shareholder Rights Plan Agreement
VANCOUVER, CANADA - July 7, 2006 - Leading Brands, Inc. (NASDAQ: LBIX), North America’s only independent, fully integrated premium beverage company, today announced that the renewal of the Shareholder Rights Plan Agreement was approved by shareholders at the Company’s Annual and Special Meeting.
The Company’s existing Shareholders Rights Plan Agreement will expire on August 31, 2006. At the Annual and Special Meeting that was held on June 28, 2006, shareholders approved the renewal of the Agreement. The Agreement was extended for five years, and updated to better reflect current industry standards and changes in legislation.
About Leading Brands, Inc.
Leading Brands, Inc. (NASDAQ:LBIX) is North America’s only fully integrated premium beverage company. The Company’s unique Integrated Distribution System (IDS) ™ offers turnkey, one-stop shopping to food and beverage brand owners, including manufacturing, distribution, sales/marketing and licensing. In addition, Leading Brands produces their own line of beverages such as TrueBlue®, LiteBlue®, TREK® Natural Sports Drinks, NITRO® Energy Drinks, INFINITY® Health Water™, Country Harvest® Juices, and Caesar’s® Cocktails.
Forward Looking Statements
Certain information contained in this press release includes forward-looking statements. Words such as “believe”, “expect,” “will,” or comparable terms, are intended to identify forward-looking statements concerning the Company’s expectations, beliefs, intentions, plans, objectives, future events or performance and other developments. All forward-looking statements included in this press release are based on information available to the Company on the date hereof. Such statements speak only as of the date hereof. Important factors that could cause actual results to differ materially from the Company’s estimations and projections are disclosed in the Company’s securities filings and include, but are not limited to, the following: general economic conditions, weather conditions, changing beverage consumption trends, pricing, availability of raw materials, economic uncertainties (including currency exchange rates), government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other risk factors described from time to time in securities reports filed by Leading Brands, Inc.