Javo Beverage 2nd Quarter Revenues Surge 110% to Record $6.7 Million
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Dispensed Beverage Locations Top 8,800 for Second Quarter
Gross Margin to Expand; EBITDA Positive Quarter
SAN DIEGO--(Business Wire)--
Javo(R) Beverage Company, Inc. (OTCBB: JAVO), a leading provider
of premium dispensable coffee and tea-based beverages to the food
service industry, announced today that it anticipates the following
financial results for the quarter ended June 30, 2008, and that it
will host a conference call on Wednesday, July 30, 2008 to discuss the
Company's financial results and achievements. Some highlights from
second quarter to be released next week include:
-- The Company's total installed base of beverage dispensers will
exceed 8,800, an increase of more than 2,400 from the prior
quarter and more than 6,200 versus year ago.
-- Second quarter revenues expand substantially to $6.7 million,
an increase of 110% compared to the second quarter 2007.
-- Gross profit margin will expand substantially from a year ago
and prior quarter.
-- Javo expects to report positive EBITDA for the quarter.
Cody C. Ashwell, Chairman and CEO of Javo Beverage Company, said,
"Javo reached a number of key milestones in the second quarter and
will end the first half ahead of our 2008 business plan targets. We
look forward to expanding on our customer successes, record revenue,
improvement in gross margin and operations during our conference call
next Wednesday, July 30."
Management of Javo Beverage will host its quarterly conference
call on Wednesday, July 30, 2008 at 11:00 a.m. EDT to discuss the
company's second quarter results. Those who wish to participate in the
conference call may telephone (888) 335-6674 from the U.S. or (973)
321-1100 for international callers. Use conference ID# 44427337
approximately 15 minutes before the call. A digital replay will be
available by telephone approximately 2 hours after the completion of
the call for 30 days and may be accessed by dialing (800) 642-1687
from the U.S., or (706) 645-9291 for international callers. Use
conference ID# 44427337.
About Javo(R) Beverage Company, Inc.
Based in Vista, California, Javo(R) Beverage Company (OTC Bulletin
Board: JAVO) is an innovator and leader in the manufacture of coffee
and tea-based dispensed beverages, drink mixes and flavor systems. The
company has successfully commercialized a proprietary brewing
technology that yields fresh brewed coffees and teas that are
flavorful, concentrated and stable, with broad applications in the
food service, food manufacturing and beverage industries. For food
service operators, Javo makes it possible to serve great tasting hot
coffees and cold specialty coffee beverages from convenient
dispenser-based systems. Javo also assists food and beverage
processors seeking authentic and robust coffee and tea flavors through
its development and supply of customized ingredients for packaged
foods and ready-to-drink beverages. The company supplies a growing
list of national and international food service operations, specialty
coffee retailers, restaurant chains and food manufacturers. For
information about Javo Beverage Company, please visit
www.javobeverage.com.
This release contains forward-looking statements made by or on
behalf of Javo(R) Beverage Company, Inc. All statements, which address
operating performance that the Company expects will occur in the
future, including statements relating to volume growth, share of
sales, or statements expressing general optimism about future
operating results, are forward-looking statements. These
forward-looking statements are based on management's current views and
we cannot assure that anticipated results will be achieved. The
Company disclaims any intent to update forward looking statements.
Investor Relations:
Porter, LeVay & Rose, Inc.
Marlon Nurse, VP - Investor Relations
212-564-4700
marlon@plrinvest.com
Bill Gordon, SVP - Media Relations
bill@plrinvest.com
or
Trade Media:
Tellem Worldwide, Inc.
Susan Tellem, 310-479-6111 ext. 1
stellem@tellem.com
or
Company:
Javo Beverage Company, Inc.
William Marshall, 760-560-5286 ext. 102
investing@javobeverage.com
Copyright Business Wire 2008
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