CALCOL INC Confirms Approvals RC COLA INTL & China Govt for Concentrate Plant & Cola Product

Business Editors & Foods/Beverages Writers

BEIJING & CLEVELAND--(BUSINESS WIRE)--Feb. 27, 2002

CALCOL INC. (OTCBB:CLCL) confirms receiving full and final approvals from RC COLA INTERNATIONAL division of Cott Beverages and the Chinese government for its Beijing soft drink concentrate plant and for sale and use in China of 9600 Cola Concentrate manufactured by CALCOL Beijing subsidiary from ingredients and formulas developed by RC COLA INTERNATIONAL Columbus Georgia USA under a 9/21/2001 Agreement between RC COLA INTERNATIONAL and CALCOL INC.

CALCOL INC. Vice President Mr. Ji Jun said, "CALCOL is now offering for sale in China the 9600 Cola Concentrate for private label manufacture to the four major Chinese retail supermarket chains (Hua Po, Carrefours, Metro, and Wal-Mart China), to the more than 70 independent soft drink bottling companies in China, and for CALCOL's own bottling through contract packaging and later in our own bottling plants under CALCOL's own brand name of MALIBU ("MEI-LE-BAO") COLA (U.S. and China trademarks pending)."

"CALCOL's soft drink concentrate plant," Mr. Ji said, "now has the manufacturing capacity to produce up to 800,000 (EIGHT HUNDRED THOUSAND) units of soft drink concentrate per year -- enough to produce 1.68 BILLION LITERS of finished bottled soda.

"CALCOL intends to also introduce to China lemon-lime and orange flavours developed by RC COLA INTERNATIONAL in the Spring, with other flavours to follow.

"CALCOL's soft drink bottling plant of 110,000 square feet on our 40,000 square meters site on the Jingha Highway in Sanhe Yanjiao is scheduled for completion later this year," said Mr. Ji Jun of CALCOL INC.

CALCOL's 9/21/2001 Agreement with RC COLA INTERNATIONAL is for five years commencing 1/28/2002 with five automatically renewable five-year terms at CALCOL's option concurrent with the 25 years remaining on CALCOL's Chinese business license. Other terms of the Agreement between RC COLA INTERNATIONAL and CALCOL INC. were not disclosed.

CALCOL INC. (Del.) common stock (par value $.001) trades OTC in the United States under the symbol "CLCL" (cusip No. 128699).

CALCOL INC. common stock involves a high degree of risk and is suitable only for accredited investors. This announcement is for information only, and is not an offer to buy or sell securities.

For further information, contact: Mr. Ji Jun, Vice President CALCOL INC. and President, Sanhe Meile Soft Drinks Co. Ltd. and Malibu Flavours (CALCOL INC. 80% subsidiaries), Beijing East Yanjiao Economical & Technical Development Zone, Beijing China 101601. Tel: 011-86-10-6159-2415. Fax: 011-86-10-6159-2166.

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