Nationwide Beverage Bottling Corp. Provides a Corporate Update
CORONA, Calif., May 02, 2006 (BUSINESS WIRE) -- Nationwide Beverage Bottling Corp. (Pink Sheets: NBVB) is pleased to provide a corporate update of the activities that have taken place during the past six months.
Steve Rice, president and CEO, stated: "The company has made tremendous strides forward and we are very excited about the future."
Major accomplishments during the past six months are:
-- All equipment in the 158,000-square-foot facility is owned outright by the company. The replacement cost of the equipment is $10 million-$12 million.
-- There are now five operating lines with a capacity to fill 1,000 bottles (1/2 liter-16.9 oz.) a minute.
-- The company has signed long-term contracts for co-packing of bottled water with major companies.
-- The company has been NSF Certified, the world leader in standards.
-- The company has been approved as a supplier by Daymon Worldwide, a major International company specializing in the manufacturing and sales of private label products. They work with some of the leading retail, wholesale and service companies in the United States.
-- Wild Mist, a fortified mineral spring water, is being sold in 700 Albertson's supermarkets.
-- V-Fuzion, the company's vitamin-enhanced flavored water, is being test marketed.
-- The company estimates revenues for 2006 to be $30 million-$35 million and expects to be profitable.
-- Currently the company has 76.1 million shares outstanding of which insiders own approximately 75%.
-- The company expects to file financials in the near future.
About Nationwide Beverage Bottling Corp.
Through its wholly owned subsidiary, Nationwide Beverage Bottling Inc., the company operates a bottling facility in Corona, Calif. Currently, the plant has a capacity of approximately 1,000 bottles (up to 1/2 liter size) per minute of any still water-based, cold filled product. The company presently generates most of its revenues from private label and co-pack contracts. It also produces and markets its own beverage line, Agua Sabores(TM), a beverage based upon a traditional Hispanic beverage -- a fructose-sweetened and fruit-flavored water product. In addition, the company produces, markets and distributes the complete line of KoKomo(TM) Mountain Spring Water flavored beverages.
For more information about Nationwide Beverage Bottling Corp. and its products, please visit our Web site www.nbbottling.com.
