M. Ivester Quotations

We all owe, and I especially owe, a huge debt of gratitude to the man who steered this company to phenomenal success over the past 16 years.

This past year has been a challenging period ... as economic slowdowns in several key markets had a short-term impact, slowing volume growth and affecting our earnings, ... Even though the economic environment became more uncertain and volatile in the later part of 1998, we strongly believe that our fundamental opportunities for long-term growth have not changed.

Four generations of the Lindley family have built an outstanding franchise for Inca Kola, ... Inca Kola is a Peruvian treasure.

Global economic conditions have been progressing as we expected during the quarter, thus resulting in the gradually improving volume trends, ... I am pleased to say that we are experiencing improving unit case volume trends in each of our operating groups when compared to the trends of the previous two quarters.