PEPSIAMERICAS INC.

Summary of Case: A securities class action has been filed against PepsiAmericas Inc. (Ticker: PAS) ("PepsiAmericas") on behalf of all record and beneficial owners of PepsiAmericas common stock.

The claims in the Complaint arise out of a self-dealing going-private plan (the "Going-Private Plan") by which the controlling shareholder of PepsiAmericas - defendant PepsiCo, Inc. ("PepsiCo") - seeks to cash out the public shareholders PepsiAmericas through a coercive and unfair merger transaction.  The complaint alleges that the Going-Private Plan is the culmination of a concerted effort by PepsiCo to squeeze-out the public interest in PepsiAmericas on grossly unfair and inadequate terms following a biased and unfair process, as the Going-Private Plan was announced just as Pepsi-Americas common stock was trading at artificially depressed prices in a down market and just ahead of the summer season that traditionally brings the highest demand for PepsiAmericas services.