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Microcap & Penny Stocks : MGBA -- Mingo Bay -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (14)	1/29/1998 3:24:00 PM
From: Riley G	Respond to of 50

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.

To: Jack of All Trades who wrote (14)	1/29/1998 3:25:00 PM
From: Riley G	Respond to of 50

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.

To: Jack of All Trades who wrote (14)	1/29/1998 3:25:00 PM
From: Riley G	Respond to of 50

'Smokeless Cooking Systems' MYRTLE BEACH, S.C., May 21 /PRNewswire/ -- Mingo Bay Beverages, Inc. (OTC Bulletin Board: MGBA) announces today the signing of a Letter of Intent to acquire Gary Price Enterprises d/b/a Smokeless Cooking Systems. The Smokeless Cooking Systems company has developed a product line including "The Smokeless Electric Cooker," patent# 4,686,896. This product offers the first patented environmentally friendly smokeless electric cooker which allows the production of delicious barbecue-flavored foods while emitting virtually no carbons or toxins into the air. The Smokeless Cooker cooks foods from the inside out utilizing a constant temperature with non- pressurized steam. This allows saturated fats to be eliminated easily and naturally from the foods. This also allows different foods to be cooked at the same time without the problematic blending of flavors. In 1995, according to the Barbecue Industry Association, 2.6 billion barbecue events were held, and 83% of families owned grills. Also in 1995, 11,216,530 grilling units were sold. Consumer awareness of the need to lower smoke emissions is evidenced by the increase in the percentage of electric and gas grills sold while charcoal grill sales have declined. In fact, electric grill sales have more than tripled since 1985. A conservative estimate of unit sales of the Smokeless Electric Grill predicts a 5% market share by the second year of production. Based on 1995 total unit sales, this could mean 560,826 units. "This addition to the Mingo Bay family fits right in with our beverage line and its recreation and good life themes. We will be able to utilize our relationships with the same distributors that we have worked with over the past five years in implementing the marketing plan for the Smokeless product line," says Larry Moses, President, Mingo Bay. Mingo Bay is in the beginning stages of this acquisition with the due diligence process underway. It is anticipated that as early as July 1, 1997 the transaction can be finalized and closed.

To: Jack of All Trades who wrote (14)	1/29/1998 3:26:00 PM
From: Riley G	Respond to of 50

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.

To: Jack of All Trades who wrote (14)	1/29/1998 3:27:00 PM
From: Riley G	Respond to of 50

MYRTLE BEACH, S.C., Nov. 26 /PRNewswire/ -- Mingo Bay Beverages, Inc. (OTC Bulletin Board: MGBA) has announced today that the concessions and arena division of Marriott Catering are negotiating to use Mingo Bay's shelf stable liquid coffee. Marriott currently uses frozen liquid coffee and the Mingo Bay shelf stable coffee would make food service applications much less complicated for a large organization such as Marriott. The Mingo Bay liquid coffee product is not only shelf stable, it is made from 100% Colombian Coffee and is manufactured in both regular and decaffeinated lines. Former Marriott Executive, Phil Randall, heads up the food service division of Mingo Bay. Mingo Bay Beverages, Inc. (MGBA) stock is traded on the OTC Bulletin Board. Mingo Bay is a manufacturer of concentrated tea, coffee, juice and bar mixes and also bottles and markets "Springhouse" and "Mingo Bay" labeled bottled spring water. Additionally, Mingo Bay will market a smokeless barbecue cooker, beginning in early 1998.