<PAGE>   1



                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT




<TABLE>
<CAPTION>
NAME OF SUBSIDIARY:                       STATE OF ORGANIZATION:      NAMES UNDER WHICH SUBSIDIARY DOES BUSINESS:
-------------------------------------------------------------------------------------------------------------------
<S>                                       <C>                         <C>
Naturally Niagara Beverage Corporation    Delaware                    Naturally Niagara Beverage Corporation

Oasis Technology.srl                      Verona, Italy               Oasis Technology.S.r.l. dba Ameorotech S.r.l.

Bikappa, S.r.l.                           Verona, Italy               Bikappa, S.r.l.
</TABLE>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission