of course...I sell before news! Never mind,it is good for my remaining holding, Fox.
Press Release Source: Bravo! Foods International Corp.
Bravo! Foods Announces Production Agreement with HP Hood LLC
Monday September 25, 11:14 am ET
Annual Production Commitment of 70 Million Bottles
NORTH PALM BEACH, Fla., Sept. 25 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News), a brand development and marketing company that promotes and distributes vitamin-fortified, flavored milk drinks and other beverages, announced today that it has signed a six year production agreement with HP Hood LLC.
Under the terms of the agreement, the parties have agreed to annual volume commitments of 70 million bottles of Bravo!'s various lines of shelf-stable, single-serve flavored milk beverages. Production is expected to commence in October 2006 and ramp up quickly. The first shipment of approximately 3.8 million bottles is anticipated for November 2006 with full volume shipments of 70 million forecast for 2007.
HP Hood LLC of Chelsea, Massachusetts is one of only three dairy processors in the United States that has approval of the United States Food and Drug Administration to produce aseptic shelf stable milk in bottles. Bravo! has contracted with Hood for the production of Bravo!'s products through 2012.
Roy Warren, Chief Executive Officer, commented, "We are extremely pleased that Hood, with 160 years in the dairy business, will be providing additional production capacity for the Bravo! Slammers. The additional production capacity from Hood is another milestone for Bravo! and brings our total contracted production capacity close to 160 million units." Added, Mr. Warren, "Production for the Bravo! Slammers will be in Hood's Winchester, Virginia facility which complements our current production in the mid-west and Canada."
John Kaneb, Chairman, President and CEO of HP Hood LLC commented, "We are excited about working with an innovative company like Bravo! and look forward to a long and rewarding relationship." |
