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For the three months ended
Net income for the three months ended
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
About Innovative Beverage Group Holdings, Inc.
Innovative Beverage Group Holdings, Inc. is a
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.