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Microcap & Penny Stocks : Bottled water (fastest-growing beverage market) -- Ignore unavailable to you. Want to Upgrade?


To: Riley G who wrote (54)12/9/1997 6:35:00 PM
From: Riley G  Respond to of 131
 
MYRTLE BEACH, S.C., June 26 /PRNewswire/ -- Larry Moses, President of
Mingo Bay Beverages, Inc. (OTC Bulletin Board: MGBA) announced today that, "To
help investors control the value of your investment on a steady basis we
strongly suggest that you request delivery of the Mingo Bay certificates
immediately from your broker."
Mingo Bay says it is taking these steps to preserve the integrity of all
shareholder investments in Mingo Bay Beverages.

SOURCE Mingo Bay Beverages, Inc.
-0- 6/26/97
/CONTACT: Investors, TLD3 Investment Group and Noble House, 800-254-2626,
or 888-766-8351/
(MGBA)

CO: Mingo Bay Beverages, Inc.
ST: South Carolina
IN: FOD



To: Riley G who wrote (54)12/9/1997 6:41:00 PM
From: Riley G  Respond to of 131
 
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.



To: Riley G who wrote (54)12/9/1997 6:42:00 PM
From: Riley G  Respond to of 131
 
Forecasts 2 Year Revenues Of $3.7 million

MYRTLE BEACH, S.C., April 23 /PRNewswire/ -- Mingo Bay Beverages, Inc.
(OTC Bulletin Board: MGBA) formally closed the acquisition of Springhouse
Natural Spring Water from Stone Castle Properties. "It has taken us one year
to put this deal together. This acquisition makes Mingo Bay a full service
beverage company," said Larry Moses, president, Mingo Bay. According to
Investors Business Daily (12/19/96), "U.S. per capita consumption has grown
faster for bottled water than for any beverage segment over the past five
years, soaring 25% to 11 gallons in 1995 from only 8.8 gallons in 1991,
according to Beverage Marketing Corp. in New York."
Springhouse is located just outside of Frankfort, Kentucky in Woodford
County. This area is known for three things: Thoroughbred horses, Kentucky
Bourbon Whiskey, and the quality of the spring water. Whiskey distillers
migrated to Kentucky in the 1800s because of the quality of the water and the
central location. Springhouse with its central location provides Mingo Bay
direct access to a huge U.S. market.
The spring which flows at a rate of 250,000 gallons per day, is located on
116 acres of Kentucky Blue Grass. Also part of the facility are warehouses, a
bottling facility and the old train depot which is now the Old Taylor Museum.
The property houses 1,000,000 square feet under roof.
Mingo Bay's agreement with the Stone Castle Properties includes a 48,O00
square foot production facility as well as a 12,000 square foot office
building. Mingo Bay has acquired a 99 year lease on both the water and the
facilities. Included in the agreement is the existing bottling equipment,
appraised by The Schrader Industrial Group, total value $285,425. This
existing equipment, that Mingo Bay has now acquired, along with additional
equipment can be used in setting up the plant for production. The Company
said it expects to begin distribution as early as July.
Mingo Bay plans to package the water products in a variety of sizes from
1/2 liter to 5 gallons under both the Mingo Bay and Springhouse labels, Moses
said. He also points to a recent article he says was in the Dallas Morning
News and reprinted in the Sun-Sentinel, which was headlined: "Hottest beverage
on the market: Bottled water sales rise 26 percent in 6 years" and went on to
say that "Americans drank 2.7 billion gallons of bottled water last year --
almost 60 percent more than 10 years ago."
From 1997 through 1998, Mingo Bay expects bottled water to account for
25% of their revenue or $3,750,000. "We reach economies of scale in water at a
very quick pace. This low overhead and fixed cost is due to the Springhouse
acquisition," said president Larry Moses. "This will enable us to penetrate
markets more rapidly, increase our bottom line to 28% net, and in the long run
pass this value onto the shareholders."
Mingo Bay has projected a yearly pre-tax profit of 4.95 million, .504
earnings per share, to be achieved over the next two full years of operation.
This is generated in large part to the marketing efforts of the concentrated
tea and fruit juice line, liquid coffee and bottled water in both the domestic
and international markets.

SOURCE Mingo Bay Beverages, Inc.



To: Riley G who wrote (54)12/9/1997 6:43:00 PM
From: Riley G  Respond to of 131
 
MYRTLE BEACH, S.C., May 14 /PRNewswire/ -- Mingo Bay Beverages, Inc.
(OTC Bulletin Board: MGBA) announced today that Philip Randall, former Marriot
Corporation executive, will join the Mingo Bay staff. "Philip brings to Mingo
Bay a 25-year track record of success in the food service industry," said
Larry Moses, C.E.O., Mingo Bay.
From 1966-1986 Mr. Randall was employed by the Saga Corporation, Menlo
Park, California. His progressive responsibilities ranged from Food Service
Director through District Manager to Area Vice President. In 1986, Saga was
acquired by the Marriot Corporation. Commencing in 1986, Mr. Randall became
the Regional Vice President, Pacific West, for the Marriot Corporation. His
responsibilities included directing operations of 8 districts including sales,
account retention, P&L analysis and forecasting, marketing and client
relations. Mr. Randall was promoted into Division Vice President and General
Manager. At this executive position with the Marriot Corporation he managed a
$202 million diversified business in 24 western states, including P&L,
forecasting, budgeting, and operating performance evaluation. This division
had 32 division employees under Mr. Randall's direction with a $5.5 million
overhead in operations, sales, marketing, finance and contract compliance.
Mr. Randall moved to Myrtle Beach, SC and soon discovered the Mingo Bay
concentrate product lines, including iced tea, fruit juices, bar mixes and
Liquid Coffee. "The most sensational products I have ever seen. This tea is
the answer to any high volume operator.... the convenience, superb quality,
consistency of product and the cost are outstanding. From my experience, I
feel these products have unlimited new applications to the food service
industry," stated Philip Randall.
Mr. Randall will be involved in heading up the Mingo Bay marketing plan
for the food service industry. He expects to be ready to go with the plan and
product lines as early as June. "We are very happy that Philip feels the way
he does about our products. This makes a strong statement to the quality of
the products that we offer to the public, both in the food service and retail
segments," said Larry Moses.

SOURCE Mingo Bay Beverages, Inc.