XStream Beverage Group, Inc. Reports May Sales
June 15 2004 - 9:30AM
PR Newswire (US)
XStream Beverage Group, Inc. Reports May Sales FORT LAUDERDALE,
Fla., June 15 /PRNewswire-FirstCall/ -- XStream Beverage Group,
Inc. (OTC:XSBG) (BULLETIN BOARD: XSBG) , a rapidly growing player
in the national beverage industry, today reported sales for May
2004 increased by 70 percent to $415,062 from $243,774 in May 2003.
Sales from January 1, 2004 through May 31, 2004 increased by 399
percent to $1,424,985 from $285,786 in the comparable period of
2003. "Clearly these sales reflect the continuation of our strategy
of acquiring small- to medium-sized beverage distributors while
developing our own brands, said XStream Beverage Group, Inc. CEO,
Jerry Pearring. "While we still have a great deal to accomplish,
this is an encouraging validation of our business model which
includes the successful integration of four acquired distributors
and two branded products." To facilitate future acquisitions, the
Company recently completed its first institutional investment with
Laurus Funds. The $3 million financing was made possible through an
investment banking relationship with H.C. Wainwright & Co.,
Inc. XStream Beverage Group recently acquired the Maui Juice
Company and the historic Squeeze soda brand, its first entry in the
"retro," gourmet soda category. The Company also recently acquired
Ayer Beverage, a central Massachusetts-based distributor of new-age
beverages such as juice, water and sports drinks. Ayer Beverage,
now Beverage Network of Massachusetts, provides XStream Beverage
contiguous geographic coverage from Boston through the entire state
of Connecticut, joining forces with Beverage Network of
Connecticut, XStream's previous New England acquisition. XStream
also owns and operates Beverage Network of South Florida that
covers Miami-Dade, Broward and Palm Beach Counties. Just over a
year ago, the Company introduced its proprietary energy drink,
Yohimbe, which contains an extract from the bark of the West
African Corynanthe Yohimbe tree, the drink also contains vitamins
B-12, B-6 and taurine. Since its introduction in March 2003, sales
of the product have grown consistently, making particular inroads
in several of the popular clubs in South Beach and Ft. Lauderdale,
as well as various Connecticut locations. Sales Results for May
2004 ($ in Thousands) May 1 -- May 31, January 1 -- May 31, 2003
2004 2003 2004 Total $243,774 $415,062 $285,786 $1,424,985
Percentage Increase 70% 399% About XStream Beverage Group, Inc.
XStream Beverage Group, Inc. is undergoing rapid growth to become a
key player in the beverage industry. The company plans to continue
acquiring small- to medium-sized beverage distributors, developing
brands under its own label or through acquisition and leveraging
those brands through its current and future distribution channels.
The company is a fully reporting, public entity trading on the OTC
Bulletin Board, ticker symbol XSBG.OB. This press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include failure to
complete successfully the development of new or enhanced products,
the Company's future capital needs, the success of competitive
products, fluctuations in costs, changes in consumer preferences
and other items described in the Company's Securities and Exchange
Commission filings. The Company undertakes no obligation to update
any statements in this press release. For further information,
contact: Peter Nasca Peter Nasca Associates, Inc. Chicago:
312-421-0723 Miami: 305-937-1711 For Investor Relations Bob
Giordano 212-495-0200 extension 10 DATASOURCE: XStream Beverage
Group, Inc. CONTACT: Peter Nasca, Peter Nasca Associates, Inc.,
Chicago: +1-312-421-0723, Miami: +1-305-937-1711, ; Investor
Relations, Bob Giordano, +1-212-495-0200 extension 10, both for
XStream Beverage Group, Inc.
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