Xstream Beverage (NASDAQ:XSBG)
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From May 2019 to May 2024
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.