HOUSTON, May 14 /PRNewswire-FirstCall/ -- Innovative Beverage Group Holdings, Inc. (Pink Sheets: IBGH) announced today financial results for three months ended March 31, 2009.

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For the three months ended March 31, 2009, gross revenue was $1,297,612 an increase of 534% compared to $204,560 for the three months ended March 31, 2008.

Net income for the three months ended March 31, 2009 was $170,256 or $0.03 per share, compared to a loss of ($101,410) or (0.002) per share for the three months ended March 31, 2008.

The Company attributes this increase in revenue to the launch of its proprietary product drank(TM) dubbed the World's First Extreme Relaxation Beverage. drank(TM), a lightly carbonated grape flavored beverage is a unique addition to the New Age beverage category designed to have an extreme calming effect to relax the mind and body. drank(TM) combines the natural calming effects of melatonin, valerian root and rose hips, and has quickly captured the attention of the public as the new go-to beverage for people looking to relax without resorting to medication, sleep aids or alcohol. The product is sold in prominent purple 16 ounce cans bearing the popular slogan "Slow Your Roll."

In early 2009 the Company began signing agreements with national distributors as demand for their unique product increased. This expansion of distribution into new sales territories has increased public awareness resulting in a dramatic increase in sales for the Company.

"The growth of awareness comes full circle leading us to new distributors, which in turn increase our rate of expansion, which then leads to further awareness. This is a profitable whirlpool to be caught in. We believe that every new market we enter is a win for our company and a win for the distributor serving the area. We want to build those types of alliances with the distributors who in return service the store and the public," said Peter Bianchi, CEO of Innovative Beverage Group.

About Innovative Beverage Group Holdings, Inc.

Innovative Beverage Group Holdings, Inc. is a Nevada based corporation headquartered in Houston, Texas that engages in the distribution and wholesale of products in the New Age beverage category. The Company recently launched its first proprietary product drank(TM). Dubbed the world's first extreme relaxation beverage, drank(TM) was created to induce a natural calming and soothing effect when consumed. drank(TM) is a lightly carbonated grape flavored beverage formulated with natural calming agents including melatonin, rose hips, and valerian root. drank(TM) is sold in prominent purple, signature 16 ounce cans bearing the slogan "slow your roll' and is available in convenience and grocery outlets in a growing number of regions throughout the United States. Innovative Beverage Group began operations as a distributor for well known national brands of beverage products including Jolt, Rock Star, Crystal Geyser, Sweet Leaf tea, Arizona Ice tea, and Volvic Water. Although the Company continues to distribute many of these well known brands in the greater Houston area, the expansion of Innovative's proprietary product division has become foremost in their business model. Recent corporate strategies have been focused on the marketing and distribution of drank(TM) to accommodate the growing demand for the product. Innovative Beverage Group is also currently working to add additional proprietary products to its line that will compliment drank(TM) and provide consumers with an array of new and unique concepts in the New Age beverage category.

Cautionary Statement Regarding Forward-Looking Statements

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Innovative Beverage Group, Inc., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

For media samples, product photography and additional information, contact Avalanche Strategic Communications at 201-488-0049 or email drankpr@avalanchepr.com.

SOURCE Innovative Beverage Group Holdings, Inc.