Wall Street News Alert's "stocks to watch" this morning are:
Innovative Beverage Group Holdings, Inc. (PINKSHEETS: IBGH),
Wal-Mart Stores, Inc. (NYSE: WMT), National Beverage Corp. (NASDAQ:
FIZZ) and Reed's, Inc. (NASDAQ: REED).
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Innovative Beverage Group Holdings, Inc. (PINKSHEETS: IBGH)
should have investors watching the stock closely. Yesterday after
the markets closed, the company, which engages in the distribution
and wholesale of products in the New Age beverage category, issued
a press release announcing that its extreme relaxation beverage,
drank(TM) is now being distributed throughout Mississippi by
longtime Anheuser-Busch� partner Mitchell Distributing Company, the
second largest in the state.
A full-service distributor operating in the region since 1947,
and Anheuser-Busch� wholesaler since 1953, Mitchell brings
Budweiser� beers and a variety of non-alcoholic beverages to more
than 1,000 on-and-off-premise accounts in the Meridian, Leland,
Columbus, and Tupelo, Mississippi markets, affording drank(TM)
valuable shelf space at a host of convenience stores, groceries and
other retailers throughout the region.
"We are very excited about bringing drank(TM) into our network.
They have essentially created a new beverage category, an
innovation we can leverage to create an additional revenue stream,"
said Manny Mitchell, Owner and President of Mitchell Distributing
Company. "Not only does drank(TM) offer our consumers a functional,
non-alcoholic beverage with superior taste, it also comes with
impressive national marketing support and dedicated customers."
"drank(TM) is wildly popular across many areas of the south, so
working with a premier and well-respected Anheuser-Busch�
distributor like Mitchell with such strongholds in their markets,
ensures we will be able to reliably get product to consumers
throughout north and central Mississippi," said Peter Bianchi, CEO
of Innovative Beverage Group."
drank(TM) is the antithesis of the herd of energy drinks
crowding the functional beverage sector. With the slogan "slow your
roll(TM)," this lightly carbonated relaxation beverage is infused
with melatonin, valerian root and rose hips to provide a relaxing
effect. Since launching in select markets in early 2008, drank(TM)
has quickly become the go-to beverage for people looking to relax
their mind and body.
This latest distributor agreement is one of many recent deals
with the nation's premier beer distributors throughout the country.
Mitchell Distributing Company joins the ranks of many regional
distributors and convenience store outlets that have added
drank(TM) to their New Age beverage lineup. drank(TM) is currently
sold in several major markets, including metropolitan areas of
Birmingham, Huntsville, Mobile and Montgomery, AL; West Memphis,
AR; Atlanta and Macon, GA; Baton Rouge, Lafayette and Shreveport,
LA; Springfield and St. Louis, MO; Jackson and Oxford, MS;
Philadelphia, Scranton, and Wilkes-Barre, PA; Clarksville,
Columbia, Franklin, Jackson, Memphis, Murfreesboro and Nashville,
TN; Austin, Dallas-Ft. Worth, Houston, Livingston and Waco, TX.
Prior to the latest press release, the stock closed yesterday at
$1.30 a share.
Wal-Mart Stores, Inc. (NYSE: WMT) up 2% on 25 million shares
traded. The company and its Foundation are committed to a
philosophy of giving back locally. Wal-Mart is proud to support the
causes that are important to customers and associates right in
their own neighborhoods.
National Beverage Corp. (NASDAQ: FIZZ) up 2% on 44,000 shares
traded. National Beverage is highly innovative, making it unique as
a pace-setter in the changing soft-drink industry.
Reed's, Inc. (NASDAQ: REED) up 6.9% on 5,000 shares traded.
Reed's, Inc. makes the top selling sodas in natural food markets
nationwide and is currently selling in 10,500 supermarkets in
natural foods and mainstream.
Market Commentary:
Oil prices hit a new high for the year Thursday. Benchmark crude
for May delivery rose $1.58 to settle at $54.34 a barrel on the New
York Mercantile Exchange.
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