Post by ToddCT on Jan 6, 2005 9:03:36 GMT -5
Tropical Beverage Starts 2005 with a Bang
SANTA ANA, Calif., Jan 6, 2005 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it seen a jump in margins that is over 50% from the previous year. The increase is attributed to the change in focus from plain bottled water to the premium products that Tropical has introduced over the past few months.
"Water has fast become a commodity product, with its shrinking margins we have seen many plants across the country closed because of the competition from the major bottlers. Our plan has been to focus on specialty niche products and we are reaping the rewards for our investment as orders have increased and margins are double what we saw just a year ago, " said Chris Lotito, CFO for Tropical.
Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor-distilled waters, ultra-pure purified waters, micro-clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private-labeled water and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.
Disclaimer: The company relies upon the Safe Harbor Laws of 1993, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
SANTA ANA, Calif., Jan 6, 2005 (BUSINESS WIRE) -- Tropical Beverage Inc. (Pink Sheets:TPBV), a producer and distributor of value-added water-based products, today announced that it seen a jump in margins that is over 50% from the previous year. The increase is attributed to the change in focus from plain bottled water to the premium products that Tropical has introduced over the past few months.
"Water has fast become a commodity product, with its shrinking margins we have seen many plants across the country closed because of the competition from the major bottlers. Our plan has been to focus on specialty niche products and we are reaping the rewards for our investment as orders have increased and margins are double what we saw just a year ago, " said Chris Lotito, CFO for Tropical.
Tropical Beverage (www.tropicalbev.com) manufactures and distributes a complete line of value-added beverages. Their extensive line includes pure spring waters, flavored waters, vapor-distilled waters, ultra-pure purified waters, micro-clustered waters and waters with additives (including oxygen, caffeine, electrolytes and other enhanced minerals and vitamins). They specialize in private-labeled water and have products placed in stores around the world. In addition, Tropical Beverage continues to seek acquisitions of related companies that will enhance their product development and to build a network of subsidiaries across the nation.
Disclaimer: The company relies upon the Safe Harbor Laws of 1993, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.