Pepsi-Cola Products Philippines, Inc. (PIP) was incorporated on May 8, 1989 primarily to engage in manufacturing, sale and distribution of carbonated soft drinks and non-carbonated beverages to retail, wholesale, restaurants and bar trades. PIP is a licensed bottler of PepsiCo beverages in the Philippines. It manufactures beverages under brands such as Pepsi, Diet Pepsi, Pepsi Max, 7Up, Diet 7Up, Mountain Dew, Gatorade, Lipton Iced Tea, Tropicana, Propel and Sting. PIP has one associate, Nadeco Realty Corporation, which primarily engages in the real estate business. Source: SEC Form 17-A (2008)