Bravo! Foods International Corp. Reports Revenue Increase of 297%
15 Mai 2006 - 11:05PM
PR Newswire (US)
NORTH PALM BEACH, Fla., May 15 /PRNewswire-FirstCall/ -- Bravo!
Foods International Corp. (OTC:BRVO) (BULLETIN BOARD: BRVO) , a
brand development and marketing company that manufactures, promotes
and distributes vitamin- fortified, flavored milk drinks and other
beverages, announced today that total revenue for first quarter
2006 was $3.6 million, an increase of 297% over first quarter 2005
revenue of $898 thousand. Bravo! reported a net loss applicable to
common shareholders of $4.0 million compared to a net loss of $1.3
million in the same period of prior year. The net loss on a per
share basis was $0.02 in first quarter 2006 compared to a $0.02 per
share loss in the same quarter in the prior year on a 209% increase
in weighted average shares outstanding. Roy Warren, Chief Executive
Officer, commented, "We implemented a 'soft launch' strategy with
Coca-Cola Enterprises in the 1st quarter to maximize customer
service levels due to our capacity limitations. This strategy
ensured we would not experience out of stock conditions and we
built inventory to buffer this eventuality. With our capacity
tripling during the current quarter and set to reach 7.5 million
units per month in July, an aggressive 'hard launch' set with
Coca-Cola Enterprises ("CCE") of our products, the introduction of
our 8 ounce vendible bottle for the CCE school program and the
large store channel roll out at CCE, we are confident of being able
to support the anticipated demand for our products. We anticipate a
rapid sales expansion now that our capacity has increased according
to the original schedule." Conference Call Bravo! will host a
conference call on May 15, 2006 at 4:30 p.m. Eastern Time to
discuss these results. Roy G. Warren, the company's Chief Executive
Officer, and Jeffrey J. Kaplan, the company's Chief Financial
Officer, will be hosting the call. The call in number for today's
call is 877-407-9205 (International: 201-689-8054); No Passcode
required. The call will be webcast and can be accessed from the
company's website at http://www.bravobrands.com/ with the webcast
link available under the investor section. If you are unable to
participate on the live call, a replay will be available until May
16, 2006 at 11:59 p.m. Eastern Time and can be accessed by dialing
877-660-6853 (International: 201-612-7415); enter account number
286; conference identification number 202878. The webcast will be
archived on the company's website. About the Company Bravo! Foods
International Corp. develops, brands, markets, distributes and
sells nutritious, flavored milk products throughout the 50 United
States, Great Britain and various Middle Eastern countries.
Bravo!'s products are available in the United States and
internationally through production agreements with regional aseptic
milk processors and are currently sold under the brand names
Slammers(R) and Bravo!(TM). Bravo!'s Slammers(R) products are
available nationwide in popular chains such as: 7-Eleven, A&P,
Dutch Farms, Giant Food Stores, Jewel, Kings, Pathmark, Safeway,
Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified,
Waldbaums and Walgreens. Many of Bravo! Foods' Slammers(R) lines of
shelf-stable, single-serve milk drinks are co-branded through
exclusive partnerships with Masterfoods, a division of Mars
Incorporated, and MD Enterprises (Moon Pie(R)), providing superior
name recognition packaged with quality, great-tasting drinks. On
November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of
the Slammers(R) Masterfoods line, as well as the Bravo!'s Slim
Slammers(R) and Pro Slammers(TM) products, under a Master
Distribution Agreement with Bravo! For more information, visit:
http://www.bravobrands.com/ . Forward Looking Statements Safe
Harbor under the Private Securities Litigation Reform Act of 1995:
The statements which are not historical facts contained in this
press release are forward-looking statements that involve certain
risks and uncertainties including but not limited to risks
associated with the uncertainty of future financial results,
regulatory approval processes, the impact of competitive products
or pricing, technological changes, the effect of economic
conditions and other uncertainties as may be detailed in the
Company's filings with the Securities and Exchange Commission.
Investor Relations Contact Integrated Corporate Relations Kathleen
Heaney 203-803-3585 Company Contact Jeffrey J. Kaplan, Chief
Financial Officer (561) 625 1411 DATASOURCE: Bravo! Foods
International Corp. CONTACT: Investor Relations, Kathleen Heaney,
Integrated Corporate Relations, +1-203-803-3585, for Bravo! Foods;
or Jeffrey J. Kaplan, Chief Financial Officer, Bravo! Foods,
+1-561-625-1411 Web site: http://www.bravobrands.com/
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