BBDA News .0004
BeBevCo Posts Strong First Quarter 2012 Increases in Revenue, Assets, and Gross Income
2012-05-21 09:59 ET - News Release
STATESVILLE, NC -- (Marketwire) -- 05/21/12
Bebida Beverage Company (PINKSHEETS: BBDA) (BeBevCo), a developer, manufacturer and marketer of liquid relaxation products, announced today released its First Quarter 2012 Financials (see www.OTCMARKETS.Com , BBDA, Financials). Results versus the same quarter of 2011 show Gross Income increased 25% from $504,932 to $671,064, Gross Margin increased 20% from $400,328 to $501,292, and Total Assets increased 41% from $550,460.83 to $930,833.28. Total liabilities versus the same quarter of 2011 decreased 78% from $379,239 to $82,729, and Net Cash flow from (used in) Operations increased nearly 64% from $245,239 to $676,060. In addition, Total Assets increased 9% from $844,054 to $930,803 and Gross Income increased 2% from $663,760 to $671,061 compared to the 4th quarter of 2011.
"Our strong revenue and accounts receivable position reflects the continuing growth of both distribution reach and mass market appeal of our KOMA Unwind, Relax5 Relaxation products as well as Potencia Blast Energy Shot products. With many new retail operations now on board, and our continuing marketing and awareness efforts, we see the potential for triple or quadruple sales numbers for the next twelve months," said Brian Weber, BeBevCo CEO.
"The critical mass that can turn BeBevCo into a household name beverage company is building through years of hard work and our reputation for a high quality product in an expanding market sector. Most companies in our niche are privately held, giving BeBevCo a unique position in terms of our relationship with shareholders. Strong revenue and margins are a cornerstone of the BeBevCo growth plan," Mr. Weber added.
