BeBevCo Reports Financials; $1.6 Million in Revenue, $653K in Net Cash Flow
STATESVILLE, N.C., Nov. 7, 2012 /PRNewswire/ -- Bebida Beverage Company (OTC markets: BBDA) (BeBevCo), a developer, manufacturer and marketer of liquid relaxation and energy products, announced today that the Company's 3rd Quarter Financials have been filed with otcmarkets.com.
Highlights of the Third Quarter include:
Gross Income for Q3: $1,619,903.14
Gross Margin for Q3: $1,392,023.05
Net Cash Flow for Q3: $573,476.63 and with accounts receivable added in, $653,890.69.
"We continue to grow quarter to quarter. It is only logical that this growth will continue to increase substantially over the coming quarters with partnerships with more distributors and large retailers coming onboard as well as expansion into other states via large retailers," said Brian Weber, CEO of BeBevCo.
"We also expect to announce some very significant details of our expansion into Europe, Asia and Australia before the end of the year. In addition, with more brand extensions coming in 2013, our growth will continue to increase next year and beyond," Weber said.
"KOMA UNWIND has been a hugely successful brand and we are going to go about branding our product extensions as well as our other products, especially Relax 5 starting in 2013 to increase our reach in the rapidly growing relaxation beverage market," Weber concluded.
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BeBevCo (Bebida Beverage Company) develops manufactures and markets liquid relaxation products including KOMA Unwind "Liquid Relaxation" (TM), KOMA Unwind Sugar-free "Liquid Relaxation" (TM) and KOMA Unwind "Liquid Relaxation" Shot(TM) as well as Potencia Energy, Potencia "BLAST" energy shot, Relax 5 shots and Piranha Water.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
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