Bravo! Foods Announces Production Agreement with HP Hood LLC
25 Septembre 2006 - 6:14PM
PR Newswire (US)
Annual Production Commitment of 70 Million Bottles NORTH PALM
BEACH, Fla., Sept. 25 /PRNewswire-FirstCall/ -- Bravo! Foods
International Corp. (OTC:BRVO) (BULLETIN BOARD: BRVO) , a brand
development and marketing company that promotes and distributes
vitamin-fortified, flavored milk drinks and other beverages,
announced today that it has signed a six year production agreement
with HP Hood LLC. Under the terms of the agreement, the parties
have agreed to annual volume commitments of 70 million bottles of
Bravo!'s various lines of shelf-stable, single-serve flavored milk
beverages. Production is expected to commence in October 2006 and
ramp up quickly. The first shipment of approximately 3.8 million
bottles is anticipated for November 2006 with full volume shipments
of 70 million forecast for 2007. HP Hood LLC of Chelsea,
Massachusetts is one of only three dairy processors in the United
States that has approval of the United States Food and Drug
Administration to produce aseptic shelf stable milk in bottles.
Bravo! has contracted with Hood for the production of Bravo!'s
products through 2012. Roy Warren, Chief Executive Officer,
commented, "We are extremely pleased that Hood, with 160 years in
the dairy business, will be providing additional production
capacity for the Bravo! Slammers. The additional production
capacity from Hood is another milestone for Bravo! and brings our
total contracted production capacity close to 160 million units."
Added, Mr. Warren, "Production for the Bravo! Slammers will be in
Hood's Winchester, Virginia facility which complements our current
production in the mid-west and Canada." John Kaneb, Chairman,
President and CEO of HP Hood LLC commented, "We are excited about
working with an innovative company like Bravo! and look forward to
a long and rewarding relationship." About Bravo! Foods 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, General Mills 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/. About Hood
Founded 1846 in Charlestown, Massachusetts by Harvey Perley Hood,
the company has become a national company distributing dairy
products throughout the United States. Today, Hood is one of the
largest branded dairy operators in the United States. In 2004, HP
Hood became HP Hood LLC when it acquired Binghamton, New York-based
Crowley Foods and Minneapolis, Minnesota-based Kemps LLC, adding to
Hood's portfolio of national and super regional brands as well as
processing and distribution operations. In Hood's traditional home
territory of New England, Hood branded lines of milk, creams, ice
cream, cottage cheese and sour cream regularly rank number one in
the six-state area. Hood also has national and super regional
franchise rights to process and sell extended shelf-life products
including LACTAID, Nesquik, Coffee-mate, Stonyfield Farm Organic
Milk, Arizona FRESH Iced Tea, Southern Comfort Eggnog and Hood
Calorie Countdown reduced carb dairy beverages. Hood maintains its
own research and development operation, which has enabled it to
maintain a 160-year-old tradition of successful product innovation.
Hood was recently named "Processor of the Year" by Dairy Foods
Magazine. 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 of Integrated Corporate
Relations, +1-203-803-3585, for Bravo! Foods International Corp.;
or Jeffrey J. Kaplan, Chief Financial Officer of Bravo! Foods
International Corp., +1-561-625-1411 Web site:
http://www.bravobrands.com/
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