Bravo! Brands Operational Update: Production Capacity, Product Development and Marketing Initiatives
20 Novembro 2006 - 11:00AM
PR Newswire (US)
NORTH PALM BEACH, Fla., Nov. 20 /PRNewswire-FirstCall/ -- Bravo!
Brands Inc. (OTC:BRVO) (BULLETIN BOARD: BRVO) , a brand development
and marketing company that promotes and distributes
vitamin-fortified, flavored milk drinks and other beverages, today
provided an update of recent developments regarding the company's
production capacity, product innovations and marketing initiatives.
Production Capacity Bravo! significantly improved its production
capacity and resolved its capacity constraint for shelf stable
plastic bottles with the signing of its recent agreement with HP
Hood. Today the Company has 160 million bottles of guaranteed
production commitments for Bravo!'s various lines of shelf-stable,
single-serve flavored milk beverages. 70 million of this capacity
was obtained with the production agreement signed with HP Hood.
Hood will begin shipments from its East Coast facility on December
15, 2006 with full volume shipments of 70 million bottles forecast
for 2007. This increase in production capacity eliminates the
constraints experienced by the Company earlier in the year and
uniquely positions the company with guaranteed production of shelf
stable plastic bottles. In addition, as previously announced, the
Company has developed an 8 ounce and 14 ounce plastic vendible
bottle. Bravo! began shipping the 8 ounce bottle in early November.
The 8 ounce bottle filled with 100% milk meets the ABA Clinton
Foundation Guidelines and will give Bravo! and CCE a first-to-
market advantage in the school a la carte and vending arena.
Product Development Bravo!'s brand development continues to expand
with the Organic Valley relationship. As previously announced,
Bravo! and Organic Valley will jointly co-brand organic shelf
stable dairy based single-serve beverages. This is Bravo!'s first
foray into organic milk. The Company will be offering organic white
milk in schools in the 4th quarter of 2006 with flavored organic
milks expected to be offered in 2007. The Company also announced it
will initiate a launch of several new products with Bravo! Dove in
the beginning of 2007. In addition to the Bravo! Dove launch, four
new brands of dairy-based beverages will be introduced in 2007.
These products will all be in distinct categories from the products
the Company has previously developed. The Company also announced
that it had initiated the development of an alternative
distribution system for new products innovations, including Bravo!
Blenders, Slammers Trix and Cocoa Puffs, that will not be sold
through the Coca Cola Enterprise distribution system. The Company's
existing co-branding agreement with General Mills continues to
result in additional new product development and introductions.
Trix and Cocoa Puffs Slammers are currently being launched.
Marketing Initiatives Coca-Cola Enterprises continues to increase
its purchases of Bravo! products. Third quarter case shipments of
Bravo! products by CCE increased by 49% over the second quarter.
Even with the significant increase in cases shipped in the third
quarter by CCE, Bravo! products were only sold to one out of 20 CCE
accounts indicating the growth potential for Bravo!s products
within the CCE system. In September Bravo! successfully launched
Bravo! Blenders(TM) in the New York metropolitan area. Bravo! held
sampling events for Bravo! Blenders(TM) during the morning and
afternoon commute times in such venues as Grand Central Station,
Penn Station and the Wall Street Area. Additional spontaneous
samplings throughout Manhattan were held over the course of three
days. By the end of October, Bravo! Brands distributor, a wholly
owned subsidiary of Arizona Ice Tea had opened over 3,000 accounts.
Most of these accounts are in the small supermarkets, delis,
convenience stores as well as several colleges including Hofstra
University and Seton Hall University. Bravo! plans to introduce
Bravo! Blenders(TM) to additional colleges as well as high schools
in the New York metropolitan area. Approximately 28,000 cases of
Bravo! Blenders(TM) were shipped in September and October during
this introductory period. The Company also announced that
Masterfoods had extended its licenses with Bravo! to 2012 and
General Mills established a 2011 timeframe on its licenses with the
company. Roy Warren, Chief Executive Officer, commented, "In the
third quarter we experienced a significant increase in sales. Our
customers are growing on a regular and steady basis." Mr. Warren
further added, "We are determined to increase our brand recognition
and have four new products in the dairy based beverage industry
that we plan to introduce in 2007. These products are separate and
distinct categories from anything we have previously developed. We
have spent a considerable amount of preparation in the development
of these products and are anxious to introduce them into the
marketplace as we believe they will be well accepted." About the
Company Bravo! Brands Inc. 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! Brands' 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, Organic Valley, 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 Julia Heckman (203) 247-7275
Kathleen Heaney (203) 803-3585 Company Contact Jeffrey J. Kaplan,
Chief Financial Officer (561) 625-1411 DATASOURCE: Bravo! Foods
International Corp. CONTACT: Investor Relations Contact, Julia
Heckman, +1-203-247-7275, or Kathleen Heaney +1-203-803-3585, both
of Integrated Corporate Relations; Company Contact, Jeffrey J.
Kaplan, Chief Financial Officer, +1-561-625-1411 Web site:
http://www.bravobrands.com/
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