Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 7, 1998
(September 29, 1998)
VERMONT PURE HOLDINGS, LTD.
(Exact name of registrant as specified in its charter)
Delaware 1-11254
(State or other jurisdiction of incorporation) (Commission File No.)
Route 66, P.O. Box C
Catamount Industrial Park
Randolph, Vermont 05060
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (802) 728-3600
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Item 5
On October 3, 1998 Vermont Pure Holdings issued the following press release:
Vermont Pure Springs, Inc. announced today that Coca Cola Enterprises, Inc.
(CCE) has given notice that, effective January 1, 1999, it will modify the terms
of the distribution arrangement between the two companies. CCE distributes
Vermont Pure products in the New York City area, upstate New York and parts of
Southern New England. The existing contract provides for an annual renewal each
year for an additional one-year term unless CCE furnishes 90 days' notice on a
timely basis. Under the new arrangements, CCE has advised the Company that it
intends to continue distributing the Company's products, but subject to 30 days
notice of termination. CCE's distribution accounted for approximately 31% of the
Company's total sales revenue for the nine months ended July 31, 1998.
Additional information about the Company's relationship with CCE appears in the
Company's Annual Report filed with the SEC. Vermont Pure believes that it is too
early to assess accurately the effect of CCE's decision.
Note : This document contains forward looking statements that involve a number
of risks and uncertainties that could cause actual results to differ materially
from those indicated by such forward looking statements, including integration
of acquisitions, ability to sustain and manage growth, changing market
conditions, and other risks detailed in the Company's filings with the
Securities and Exchange Commission.
Reference is made to the Company's 10-KSB for the year ended October 25, 1997
where more information can be found concerning the Company's relationship with
CCE.
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Item 7. Financial Statements and Exhibits
(a) Financial Statements
No financial statements are required to be prepared or filed
in connection with the disclosure
(b) Pro Forma Financial Information
None required.
(c) Exhibits
None
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Dated: October 7, 1998
Randolph, Vermont
VERMONT PURE HOLDINGS, LTD.
By: /s/ Bruce S. MacDonald
Bruce S. MacDonald
Vice President, Chief Financial Officer
(Principal Accounting and Principal Financial Officer)
