FIJI WATER EXPORTER SUES CUSTOMS AGENCY

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SUVA, Fiji (Fijilive, Jan. 17, 2008) - Natural Waters of Viti Limited, the manufacturer and exporter of Fiji Water, announced today that it had filed court proceedings against the Fiji Islands Revenue & Customs Authority (FIRCA) to resume exports of Fiji Water.

This dispute has caused exports of Fiji Water to stop completely.

To date, this has affected the shipment of over 400 containers worth several million dollars in exports, the company said in a statement.

"For the past two weeks, Natural Waters of Viti Limited has been working diligently to resolve this dispute with FIRCA," said John Cochran, president of Fiji Water operations globally.

"We have complied with every request from FIRCA on a timely and complete basis.

"We have met numerous times with FIRCA and with other government officials to attempt to resolve this matter, but so far we have been unable to resolve this dispute."

"Today, Natural Waters of Viti Limited filed court proceedings seeking resolution.

"While we cannot comment further on any of the details of this legal action, it is our hope that this action will assist towards an outcome so that Fiji Water exports will once again flow to markets around the world."

FIRCA has blocked Fiji Water exports over a transfer price dispute.

Natural Waters of Viti Limited says it employed a world class consulting firm of transfer pricing experts and trained economists, to conduct a study on its transfer price.

Added Cochran, "We continue to believe that FIRCA is acting on poor and speculative advice based on misinformation about the value of NWVL's products and the way we run our business.

"Our company, partners, customers and vendors around the world look forward to FIRCA once again allowing us to resume international trade."

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