Javo Beverage Company Inc (fka JAVOQ)

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Press Release Source: Javo Beverage Company, Inc.


Javo Beverage Company Second Quarter Revenues Surge to Record $6.7 Million
Tuesday July 22, 8:00 am ET
Dispensed Beverage Locations Top 8,800 for Second Quarter
Gross Margin to Expand; EBITDA Positive Quarter


SAN DIEGO--(BUSINESS WIRE)--Javo® Beverage Company, Inc. (OTC BB: JAVO - News), a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, announced today that it anticipates the following financial results for the quarter ended June 30, 2008, and that it will host a conference call on Wednesday, July 30, 2008 to discuss the Company’s financial results and achievements. Some highlights from second quarter to be released next week include:
The Company’s total installed base of beverage dispensers will exceed 8,800, an increase of more than 2,400 from the prior quarter and more than 6,200 versus a year ago.
Second quarter revenues expand substantially to $6.7 million, an increase of 110% compared to the second quarter 2007.
Gross profit margin will expand substantially from a year ago and prior quarter.
Javo expects to report positive EBITDA for the quarter.
Cody C. Ashwell, Chairman and CEO of Javo Beverage Company, said, “Javo reached a number of key milestones in the second quarter and will end the first half ahead of our 2008 business plan targets. We look forward to expanding on our customer successes, record revenue, improvement in gross margin and operations during our conference call next Wednesday, July 30.”

Management of Javo Beverage will host its quarterly conference call on Wednesday, July 30, 2008 at 11:00 a.m. EDT to discuss the company’s second quarter results. Those who wish to participate in the conference call may telephone [phone] from the U.S. or [phone] for international callers. Use conference ID# 44427337 approximately 15 minutes before the call. A digital replay will be available by telephone approximately 2 hours after the completion of the call for 30 days and may be accessed by dialing [phone] from the U.S., or [phone] for international callers. Use conference ID# 44427337.