STATESVILLE, N.C., Aug. 9, 2011 /PRNewswire/ -- Bebida Beverage Company (OTCmarkets: BBDA) (BeBevCo), a developer, manufacturer and marketer of relaxation and energy drinks, announced today that the Company has filed their latest quarterly report and net profit for BeBevCo increased 84% to $461,000. This also represents a substantial increase over all of 2010 whereby net profit came in at $232,351. Q2 profits alone represent an increase of 99 percent over the entire previous year.
Additionally, revenues for BeBevCo are well ahead of the 2010 pace with nearly $1.1 million in revenues so far this year with $1.4 million in all of 2010. The merging of Potencia Products into the BeBevCo portfolio have also contributed to these gains.
"Obviously we are pleased with our growth but the second quarter was just about over when the lid came off of our business. With all the new partnerships and distributorships, we expect Q3 to be substantially ahead of the pace for the first two quarters of this year," said Brian Weber, CEO of BeBevCo. "I think the fact that we are profitable and growing at a substantial pace is something that few seem to be aware of. People assume that because we are a micro cap company that we are rolling in debt and misery and that simply is not the case with us," Weber continued.
"As the nation the world continue to go through a period of increased stress and anxiety over so many issues, quite frankly these conditions sadly are the energy behind the rapid expansion of our Relaxation drinks," explained Weber.
BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages including relaxation drinks Koma Unwind "Chillaxation" Drink™, " Koma Unwind Sugar-free "Chillaxation" Drink™," and Koma Unwind "Chillaxation" Shot™" as well as Potencia Energy Drink, Potencia "BLAST" energy shot and Piranha Water.
Heritage Corporate Services
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.
SOURCE Bebida Beverage Company