On May 29, 2018, Primo Water Operations, Inc., a wholly-owned subsidiary of Primo Water Corporation, called for redemption of all of its 9-1/16% Junior Subordinated Deferrable Interest Debentures due 2028 held by Glacier Water Trust I in accordance with the terms of the Debentures and the Junior Subordinated Indenture dated as of January 27, 1998, as amended between Primo Water Operations (as successor in interest to Glacier Water Services, Inc.) and Wilmington Trust Company, as trustee and such transaction. The redemption notice provided by Primo Water Operations to the Trustee in connection with the Debenture Redemption is revocable by Primo Water Operations at any time prior to the consummation of the Debenture Redemption. Assuming the Debenture Redemption notice is not revoked by Primo Water Operations, the Debentures will be redeemed on June 29, 2018 at a redemption price equal to 100% of the principal amount thereof, which is $87,628,850, plus accrued and unpaid interest thereon of $308,831 (or $3.5243 per each $1,000 aggregate principal amount of Debentures redeemed). ____________ Dec. 12, 2016 -- Primo Water Corporation (Nasdaq:PRMW), the leading provider of multi-gallon purified bottled water, self-service refill water and water dispensers, announced that effective today it has completed the acquisition of Glacier Water Services, Inc., for approximately $273 million.________________ May 13, 2011 – Glacier Water Services, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of common stock to be sold in the offering are expected to be offered by Glacier and certain of its stockholders. ____________ Nov. 30, 2005 -- Glacier Water Services, Inc. announced today that the Company was notified by the American Stock Exchange ("AMEX") that it is not in compliance with the AMEX continued listing standards. Specifically, the Company does not have 300 or more public shareholders as required by Section 1003(b)(i)(B) of the AMEX Company Guide (the "Company Guide"). The Company currently has approximately 30 public shareholders of record and has no plans to attempt to broaden its ownership to the level required by the AMEX. The Chairman of the Board of Directors, Charles Norris, addressed this by stating, "We have a small and loyal shareholder base that is pleased with the positioning and prospects of the company. The Board has concluded that it is not in the best interest of the Company to dilute the shareholders' ownership positions for the purpose of satisfying this requirement. Additionally, delisting and deregistration of the shares will obviate the need to comply with the increasingly burdensome administrative requirements of a National Market listed company. We believe a delisting from the AMEX is appropriate at this time and will not take away from the fundamental value of the Company." The notice from AMEX also states that the Company has shareholders' equity below, and losses from continuing operations and/or net losses in excess of, the amounts set forth in Sections 1003(a)(i), 1003(a)(ii), and 1003(a)(iii) of the Company Guide. Management believes that this aspect of the AMEX notice is technical in nature and does not reflect the positive state of the Company's overall financial position and operating performance. Specifically, the Company's network of machines is carried on its books at a level which understates its true economic value in light of the significant free cash flow these machines generate. The Company expects to continue to generate free cash flow at levels sufficient to pay its operating costs, cash dividends on its preferred securities, and to continue to support its growth plans. The Company intends to submit an application with the Securities and Exchange Commission and the AMEX for the approval of the delisting of its Common Stock and Trust Preferred Securities from the AMEX. The Company intends, upon approval of the delisting, to take acts to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. The Company intends to facilitate the public trading of its securities in the over-the-counter market through the "pink sheets." The Company will continue to communicate with its shareholders via quarterly earnings releases and audited annual financial statements.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Glacier Water Trust I, 9 1/16% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Glacier Water Services Inc. (AMEX: HOO) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 1/31/2003 at $25 per share plus accrued and unpaid dividends, maturing 1/31/2028, distributions of 9 1/16% ($2.265625) per annum are paid monthly on the 15th of each month to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 60 consecutive months (but not beyond the maturity date). The trust's assets consist of the 9 1/16% Junior Subordinated Deferrable Interest Debentures due 1/31/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	9.06% $2.265625	$25.00 $25.00	Called for 6/29/2018 1/31/2028	NF NF 12/30/2017	15th day of each month Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.glacierwater.com/
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Address and Phone Numbers

Address:   1385 Park Center Drive, Vista, CA 92081
Main Phone Number	760-560-1111
Fax Number	760-560-3333
Investor Contact (CFO)   Steve Stringer	760-560-1111
Toll Free Phone Number	800-452-2437

CEO - Brian H. McInerney

CFO - Steven D. Stringer