|
<PAGE> 1 EXHIBIT NO. 21 LIST OF SUBSIDIARIES OF THE COMPANY The Company is the direct or indirect owner of 100% of the outstanding capital stock of the following subsidiaries (the "Subsidiaries"): Chemonics Industries, Inc. Chemonics International, Inc. Erly Juice, Inc. The Beverage Source, Inc. Watch-Edge International, Inc. ("Watch-Edge") -25-
|