|Ralph D. McRae,
Chairman and CEO
Leading Brands, Inc.
(604) 214-9722 ext. 238
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Leading Brands, Inc. North American Bottling Division Announces: New Co-Packing Agreement with Major Beverage Company
LEADING BRANDS, INC. LBIX (TSX:LBI) - December 11, 2002 - Canada's largest independent, fully integrated brand management company, announces that it has entered into a new co-packing agreement to provide significant new volume to its Edmonton plant.
The Company has agreed to a new, multi-year contract with a major international beverage company to add new products and package sizes to the portfolio presently bottled for them.
North American Bottling President Tim Dagg said: "We are very proud to expand our relationship with this customer, as well as finalize a multi-year contract with them. Under the terms of this arrangement we will add both new products and package sizes. With 1,500,000 new cases, we anticipate that this agreement will also be significantly accretive to earnings in 2003. This is the fourth new co-packing agreement we have entered into in the past three months, which is indicative of the growing demand for our specialized hot-fill packaging services."
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