MYRTLE BEACH, S.C., March 31 /PRNewswire/ -- Mingo Bay Beverages, Inc.
(OTC Bulletin Board: MGBA) went effective and began trading on the OTCBB.
Larry Moses, president of MGBA, stated, "I want to thank all the investors for
having the patience and thus allowing Mingo Bay to mature into a publicly
traded company."
Mingo Bay Beverages, Inc. was formed in South Carolina on June 26, 1992 as
its predecessor, Brumo Products, Inc. Mingo Bay Beverages, Inc. was
incorporated in the State of Florida on January 18, 1996. Pursuant to the
"Agreement and Plan of Reorganization" signed and executed on January 31,
1996, Mingo Bay acquired the assets of Brumo Products.
Mingo Bay Beverages, Inc. was organized to develop, manufacture, market
and distribute natural spring bottled water, high quality liquid concentrated
ice teas, fruit and vegetable juices, and isotonic sport drinks.
MGBA has developed a premium line of liquid 100% Colombian coffee
concentrates, "Misty Mountain" and "Mellow Mountain" decaf. Mingo Bay plans
on rolling out this product in 1997 through the retail super markets sector.
"Our shelf stable liquid coffee should really give us an edge," says Moses.
"While there are frozen coffee products on the street, we feel that our new
coffee is a much better product with a significant price advantage."
MGBA is in the final stages of negotiations for the acquisition of a
natural spring water bottling facility. "The closing of this acquisition will
further enhance Mingo Bay as a full service beverage company and enhance
shareholder value. Bottled water will continue to outpace all other beverages
and continue to grow in retail and wholesale market consumption."
Mingo Bay has begun the negotiations for the exclusive rights to market
and or acquire a totally smokeless Bar-B-Q smoker. "Ice Tea and Lemonade go
hand in hand with Bar-B-Q," says Moses. The smoker will be manufactured in
both gas and electric models, enabling food service establishments and home
owners to enjoy smoked foods prepared in their kitchens.
SOURCE Mingo Bay Beverages, Inc. |
