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You couldn't be more correct. Note what is happening to Cott:
Cott struggling in private label push
By Neil Merrett
28-Aug-2008 - Cott, a leading supplier of private label beverages for retailers, says that its global operations continue to take a financial hit as pack resin costs and higher branded beverage sales hamper its plans.
The company, which only two months ago reaffirmed its commitment to the private label market, said a number of international difficulties had forced it to lower its 2008 full year profit expectations. Cott said it now expects to post earnings between 28 per cent below and 5 per cent higher than its $36.3m (€24.5m) gross in 2007, due to challenges facing the private label market.
With higher material costs for packaging materials and increased promotional pushes by branded beverage manufacturers, the group said that it now believed its original higher expectations remain out of reach for its private label focus.
Nevertheless, the overall market for retailer own-brand products has grown, according to Datamonitor. The analyst said that last year a credit crunch on both sides of the Atlantic has resulted in higher customer expectations of the segment and tightening grocery budgets.
Fiscal encouragement
Juan Figuereo, chief financial officer for the group said that the company’s current fiscal performance had not therefore been completely negative, with second quarter improvements in sales volumes reflecting the potential for its brands.
“However, the disappointing results we have seen over the past few weeks, at the beginning of our most critical quarter, indicate we will fall substantially short of our expectations for 2008,” he stated.
"Our focus for the remainder of 2008 is to implement our plans to refocus Cott on its private label business. We believe this remains the best path to improved profitability."
Current 2008 performance
In Cott’s domestic North American markets, the company said that sales volumes had proved to be particularly heavy over the period, due in part, to a loss in market share to branded goods and increased packaging costs for PET resins.
Internationally, the dreaded British weather and weaker sales within the Mexican soft drinks market were attributed to setting back Cott’s operations, the company said. As within its US operations, the manufacturer again highlighted packaging and ingredients costs as a major concern for the operations.
Market potential
Despite the difficulties faced by Cott over the current financial year, analysts such as Datamonitor suggest that there may be a bright future ahead for private label drink makers.
Back in June this year, Datamonitor’s Katherine Collins and Richard Parker said that Cott's strategy of reaffirming its presence in the private label market could prove prudent, with the segment to be more immune to the current economic downturn than other segments.
The analysts added that in the current beverage market, higher profile, quality-focused private label brands were increasingly likely to prosper as consumers begin to reassess their views of own-brand goods.
"Firstly, they may look to maintain their preferred branded choices, but are not afraid to shop around to get the best deals," they stated. "At the next stage, private label has become a serious contender as consumers no longer see own-brand premium ranges as inferior."
The company cited UK retailer efforts, like Tesco's Finest range or Sainsbury's Taste the Difference, as examples of private label brands that try and play up their luxury to court new additional consumer interest.
By contrast, the analysts claimed that growth in the market for premium products would remain exclusively within its core customer-base.
"The market may slow due to mainstream consumers freezing or reversing any propensity to trade up to branded premium products," they stated. "However, they may still trade up to private label premium items based on the price advantages they still offer."
I have $62.5m riding on this that I have already written off. If this rolls so be it. I have royalties in the patent ... what do you have other than dilution. It's getting smaller and smaller. When my posse shows their teeth when this rolls my money comes first!!!
U R RIGHT!!! NO UPSIDE EVER LET ALONE 12 MOS>!!!
You missed the point. Watch your money go BYE BYE just like my six figure investment in 2003.
As a successful businees man I am surprised you can't see the forest for the trees. How often do you change your strategic direction or business plan? Answer, not often. The primary premises and goals virtually remain the same, but you modify your tactics as the business environment changes. Changes in direction week after week ... month after month is clearly a sinking ship without a Captain. There is no Bluechip that behaves like this and to think a Bluechip like Coke or Pepsi buys this POS ... you are certainly not living THE HIGH LIFE!!! Next Caller.
Guelph Technology ... if you are visiting with those folks they will certainly tell you these guys are a joke. Guelph is a fine institution and is on the cutting edge of all new beverage technology introductions. We are in conversation with these folks everyday!!!
They have provide significant DD on legal, marketing and strategic consulting??? With what funds and what foundation is your statement.
USNY, you need to read between the lines they will not pay cash because 1. they don't have it and 2. the companies they buy, have no valuation. These PRs are smoke screen promos to hype investor confidence that they are indeed legit. Once they separate the investor from their cash you will never see even a red cent again. The mass majority of pennies are scams and the track record of KJ and his entourage indicates the same. THEIR 5 YEAR PLAN IS BOGUS. IT MORHED IN A PERIOD OF WEEKS ... FROM BEVERAGE TO HEALTH FOOD AND BEVERAGE!!! GIVE ME A BREAK ... THAT SPEAKS VOLUMES.
5 year plan deviation reeks scam. When KJ et al deviate from plan in less than 4 weeks and don't spend time communicating to the shareholders the change in direction and the value this means to you the shareholder...they don't give a rats --- about you!!!
Sustainability is the key ... time will tell. Otherwise cellar box to the death. My call since I know the players is death.
Ther are 8 billion left to buy in the cellar. This will not see the ask until the AS is the OS. The more they dilute the value goes down. Long and short is this won't rally past the 2s or 3s as the majority holds 1s. When it hits the 2s or 3s the major profit taking will kick in. Major rally won't happen. Period end of story. Dilution or liquidation is the story of the day.
Vits and Richie,
Those last two posts were hysterical. You are the standup act on this board. Thanks for the early morning belly laugh. Vits you definitely have the marketing flair. Have a great weekend!!!
Richie, well stated as usual. Stock for stock swaps at this level only indicates to me the companies can not be properly valued for cash ... translation no revenue. Franchisee potential in healthy restaurants. Their menus aren't mainstream health. Give me a break. Not a peep on Nu2O. Makes you wonder if the bloom is already off that rose before it had a chance to blossom. Why create investor distraction with forward thinking on 2 more acquisitions? As Mr Miaggi would say, Focus Daniel son FOCUS!!!
The only thing this crew ever properly funded is their own pockets. Not a single member of this group has ever been successful in a sustainable business. If you review the old financials ... all of the financial loses after posting large salaries, other G&A costs that are associated with little to no revenue are offset by stock. That is accomplished through R/S. Buyer beware!!!
Couldn't agree more.
What cash??? You just got diluted another 25% today. As in the past as as forthe future the will simply grab the investors money and run. Look at the old financials. In this case past perfomance is indicative of future performance. Bad Bad Bad. I am sorry, but as a successful business man you can afford to piss away 125mm of this POS. You probably need he right off.
In todays world and all the negative economic indicators in the restaurant business sector ... the timing is bad and is high risk investment ... that's the point. The only continued expansion is cheap fast food. The answer there is obvious. Convenient and cheap, but not necessarily good for you on a day in day out diet. The original owners could not make this go so why not sell for cash instead of a flip for a lotto play. Franchise rights BFD. You need to be able to attract big money in the franchise business. They can't even do that for the next elixir of beverage for cryin' out loud. Are you a leader or a follower?
Thank You!!! You expressed my thoughts exactly but my early post got ejected.
Well stated, but as a whole the dining out business is falling on hard times and profits are down with higher commodity and food prices across the board. Needless to say, a dramatic reduction in discretionery income competes for the almighty consumer dollar. The restaurant business is a difficult business. There are plenty of niche opportunities in the worst of times and perhaps this concept could fly, who am I to say. That said, they acquired the franchise rights. The first to open in 2009. They need to find investors to open the franchises. My point is dilution of investor monies and focus on the original premise. The elixir Nu2O. They just recently stated they are still in need of funding to launch water. How does this help financially and the business plan focus? Remember Lee Iaccoca rebuilt Chrysler and then diluted their core competency and focus with Leer Jet, etc. and destroyed it. That is my analogy.
No Question there!!!
Look again ... on a net net basis they are scaling back growth as Mickey Ds and the price of coffee is digging into the ROI. Starbucks is just one example. Read food and beverage news and tell me what your takeaway is.
How many Starbucks are closing!!! How many where slated to commission and have been put on hold. The casual dining business is down. Read the news lad. You obviously don't have your fingers on the pulse of anything, do you now.
It is what it is, use the grey matter, man. If the Franchise deal was so wonderful ... why did the company spin it off for worhthless stock and not cash. They have been trying to franchise this businee for many years with no success and KJ et al have the resources to make this happen. I could see this in the future with the success of NUBV, but that hasn't happened yet. He is way ahead of himself!!! The history of this stock and all of it's aka' s is the ownership of valueless enterprise. As you know, a company with no revenue stream can't be properly valued.
KJ's MO is just like his Mentor (Ron T) acquisition announcement of shell companies ie. no current revenue stream just the rights to some forward promise land. Currently, looking at 2 more and no mention of the greatest launch in the history of beverage!!! Figure it out ladies and gentlemen you are following the "NUBV Pied Piper". This BS PR has nothing to do with the original premise of why you folks invested in this. First franchises in 2009. If that doesn't scream forward dilution nothing does. Good money after bad. Franchise restaurants are closing not expanding, my friends.
FYI
Source: http://pinksheets.com/pink/quote/quote.j...
Estimated Market Cap
1,769,362 as of Aug 19, 2008
Outstanding Shares
17,693,621,493 as of Aug 17, 2008
Authorized Shares
20,000,000,000 as of Aug 17, 2008
Number of Share Holders of Record
132 as of Aug 17, 2008
Float
17,259,443,951 as of Aug 17, 2008
Richie, you are pretty much correct with all your assertions. In fact, He was going to build this to $500,000,000. and then sell it. Show Boat is an understatement. I don't need to tell you plans, pro formas, PRs are all words for goals to be achieved ... delivering the plan is walking tf walk. Only time will tell the substance is in the deliverable results.
All diatribe
Looks like a golf course. Have a great weekend.
Hello, Kevin and Iron,
Couldn't agree more. NUBV certainly isn't stimulating the stock or the substantive PR. Bashers can't bash as we are as low as we can get other than out of biz and nothing substantive to cheer about other than our UK buddy Richie's insight that I thought rather provocative. I guess I'll go cut the lawn.
Regards, Ken
Goose et al it looks like everyone is on late summer vacation or this is dying on the vine. Yahoo board has more posts than ihub today. There are 350 board marks and no commentary ... are we all burnt out?
The product rollout has been announced as AZ and CA. That is where the product was test marketed some time ago. I agree TX is an obvious market.
Richie,
Where are you? I am stepping around all the goose .... diatribe this PM. You had the most provocative insight this morning with little board development. I have been thinking the same thing for days and find it interesting to see that jump out on the board. Your posts and intellectual insight are a strong contribution to board and illicts healthy debate that I most enjoy. Makes us smarter, wiser and better investors for sure ... to often in hindsight. GLTU Mate!! I am 2nd generation from Southhampton. Where do you hang your hat?
Thank you very much!!! Where did you get Dallas as a bottler. The cost of distribution from Texas to Cali is a big number. The average margin in a generic bottle water is .25 cents (12 oz.) ... not much more than this stock. Premium value add enhanced water doesn't generate big margins. The beverage market is all about volume and marketshare. Nestle, "king of bottled water" drives their profit through volume not niche value add. They are strictly commodity and you need to ask yourself why haven't they invested in value add. Low volume/ small money. Have had the discussions many times over the last 5 years. Their future is in value add cap technology that delivers liquid/tasteless enhanced nutrients through a 5 ml pop cap. No preservatives, no sweetners, no preservatives, ALL NATURAL!!! You transport/distribute caps and not the cost of bottled water. Local, local, local!!! You just need to contract local bottlers with your cap technology delivery. Nu2O patent is obsolete. Nickolas was ahead of the curve in 2002/2003. In 2008/2009 the patent is moot. Today, as you will see too little too late. READ THE LATEST PRs IN BEVERAGE AS YOUR DD. Check out organic botanical infused water from Australia called Balance (calm, stress free water). Makes Nickolas et al look like neofites in todays world. The bloom is off the rose no pun intended.
Brother, we are lock step on that. Can't argue deliverables!!!
All I know is Steve likes to drink Texas Teas. Need I say more.
Kevin for sure you are not engaged in the food and beverage industry. If you were engaged, certainly wouldn't be taking a flyer on this. We have no orders nor do my other industry colleagues for the key ingredients. This is a rather intiment insestious (incedious) business. They are trying to back door this but we all have their number. Steve's pre formed bottles are gathering dust my friend. IT"S ALL SMOKE AND MIRRORS!!! IMHO
Richie, you are definitely on to something. Is this the method to the madness to move to a higher board? Golden Choice already has distribution outlets for it's teas, organic raisins, fruits, coffee. I don't understand Inka Grill but Golden Choice is clear and powerful, if your speculation is correct. This may be the mechanism to absorb NUBV/ XND / Inka.
Interesting!!! Appears to be a marketing services company.
Dreamspan Product Innovation, LLC
SnapshotPeople Company Overview
Dreamspan Product Innovation, LLC provides product development services. Its services include concept development, formulation, patent searches, rapid product prototyping, engineering, product management, and marketing support services. The company also offers brand development services, including investigation, concept building, comprehensive design, testing, consensus building, and implementation. In addition, it offers financial assessment services, such as studying the market trends and market gaps, as well as conducting competitive analysis. Further, the company conducts comprehensive market analysis by reviewing the market trends, demand drivers, market dynamics, potential threats, an...
Dreamspan Product Innovation, LLC provides product development services. Its services include concept development, formulation, patent searches, rapid product prototyping, engineering, product management, and marketing support services. The company also offers brand development services, including investigation, concept building, comprehensive design, testing, consensus building, and implementation. In addition, it offers financial assessment services, such as studying the market trends and market gaps, as well as conducting competitive analysis. Further, the company conducts comprehensive market analysis by reviewing the market trends, demand drivers, market dynamics, potential threats, and barriers. Dreamspan Product Innovation, LLC is based in Phoenix, Arizona.
Detailed Description
11645 North Cave Creek Road
Phoenix, AZ 85020
United States
Phone:
602-354-7640
Fax:
602-354-7641
www.dreamspan-pi.com/
Key Executives
Mr. Gary S. Kehoe
Chief Executive Officer Mr. Ron Pannuzzo
President Mr. Jonathan K. Hall
Chief Financial Officer Mrs. Cecile Kehoe
Chief Operating Officer Mr. Stephen B. Román
Vice President of Research & Development
Compensation as of Fiscal Year 2007.Similar Private Companies By Industry
Company Name Region
MPG Yellow Pages United States
Ipsos Loyalty United States
OCR Magazines United States
ClipBlast, Inc. United States
The Giddy Gander Company L.L.C. United States
Recent Private Companies Transactions
Type
Date Target
Merger/Acquisition
October 31, 2007 Dreambrands Inc.
IFPG's Wholly Owned Subsidiary Restaurant Holdings Group, Inc. Acquires Interest in Inka Grill Franchise
NEWPORT BEACH, Calif., July 14 /PRNewswire-FirstCall/ -- International
Food Product Group, Inc. (OTC Bulletin Board: IFDG) CEO/chairman Mr.
Richard Damion today announced that the company's wholly owned subsidiary,
Restaurant Holdings Group, Inc., has secured an equity position in the Inka
Grill franchise concept. A successful California-based Peruvian casual
dining restaurant group, Inka Grill is in the process of being franchised
nationally and is collaborating with one of the nations most successful
franchise consultancy firms, Francorp Inc. (http://www.francorp.com).
Francorp is one of the world's leading franchise development companies and
has created over 2,000 full franchise programs; many of which have become
global market leaders. Inka Grill will be one of the first Peruvian
restaurant franchise concepts to be established in the USA.
Restaurant Holdings Group CEO, Mr. Richard Damion stated, "We are
extremely confident that the Inka Grill concept will be a monumental
success. With Francorp's commitment to franchising the restaurant
nationwide, the process will begin in the Western region with emphasis on
California, Nevada and Arizona. Inka Grill's strong management team has
been working with Francorp to streamline procedures and simplify operations
making Inka Grill an ideal candidate for replication through franchising."
Damion added, "Francorp has created some of the most successful franchise
concepts in the USA and has recently completed most of the necessary
paperwork, operations manuals and materials required to launch Inka Grill."
Additionally, Restaurant Holdings Group has secured the exclusive
marketing and distribution rights to an extensive line of Inka Grill's most
popular Peruvian gourmet meals which will be sold through major retail,
specialty and club stores nationwide. Damion concluded, "This is a truly
unique food concept and a great investment opportunity for IFPG
shareholders. We anticipate playing a major role both in the franchise and
retail aspects of this exceptional business, as Peruvian food takes it
rightful place as one of the world's finest emerging cuisines."
About Inka Grill
Inka Grill was founded by Ana Kishihara almost 15 years ago, and is one
of the most successful Peruvian restaurant groups in Southern California.
These Zagat award winning restaurants were founded on home-style cooking
from the Northern Provinces of Peru where seafood, chicken, lamb, beef and
potatoes are the staple.
About Restaurant Holdings Group, Inc.
A wholly owned subsidiary of International Food Products Group Inc.,
Restaurant Holdings Group, Inc. was formed to facilitate the development
and expansion of Inka Grill, as well as other franchise opportunities.
About International Food Products Group
IFPG is a public company trading on the OTCBB with the ticker symbol
"IFDG". The Corporate Offices are at 620 Newport Center Drive, Newport
Beach, CA 92660. http://www.goldenchoice.com. The company is in the process
of changing its corporate name. It's corporate identity, logos, and website
will be updated shortly.
Safe Harbor Disclaimer: Certain statements contained herein constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. Such statements
include, without limitation, statements regarding business and financing
plans, business trends and future operating revenues and expenses. Although
the Company believes that the expectations reflected in such statements are
reasonable, it can give no assurance that such expectations will prove to
be correct. Forward-looking statements are typically identified by the
words: believe, expect, anticipate, intend, estimate and similar
expressions, or which by their nature refer to future events. You should
independently investigate and fully understand all risks before investing.
These descriptions of the Company contain forward-looking statements that
involve risk and uncertainties including, but not limited to, quarterly
fluctuations and results, the management of growth, competition and other
risks detailed in the Company's SEC filings if any. Actual results may
differ materially from such information set forth herein.
For Further Information:
Mairead Howe
1 (949) 232-4333
maireadhowe@gmail.com
SOURCE International Food Product Group, Inc.
Hello Richie ... regardless of what side of the fence you are on, whether you know the cast of characters, prior performance is not indicative of future performance. etc. etc. THE PROOF IS IN THE PUDDING. Only time will tell. You can't deny the lack of transparency, superfluous PRs, dilution, no respect for the shareholders, lack of follow through and updates on staffing, financing and production. Please articulate for the board the positives that generates confidence that this is real. All their positive forward thinking statements are followed with or contain caveates. That's what's provactive!!!