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Javo(R) Beverage Company Achieves Positive EBITDA in Third Quarter 2005; Revenues Increase 249% Vs. Prior Year With $2.68 Million In Sales

Posted on: Tuesday, 15 November 2005, 09:00 CST

Javo Beverage Company, Inc. (OTCBB:JAVO)--a leading provider of coffee and tea-based beverages to the foodservice industry--today announced financial results for the third quarter of 2005, which ended September 30th.

Total revenues for the third quarter increased 249% to $2.68 million, compared to $0.87 million for the third quarter of 2004. Revenues for the nine months ended September 30, 2005 increased 229% to $4.75 million, compared to $1.44 million for the nine months in the prior year period.

Strong sales growth allowed the company to achieve positive EBITDA (earnings before interest, taxes, depreciation and amortization) for the first time in its history during the third quarter ending September 30th.

"Important financial milestones were achieved during the third quarter and they highlight the success we are achieving in the fast-growing commercial market for coffee and tea-based beverages," said Cody Ashwell, Javo Beverage Company's Chairman and CEO. "Javo's management team and operations groups are working to sustain this momentum by introducing new products and expanding our customer base."

Most recently, the company launched an extensive line of ready-to-dispense specialty iced coffee and tea beverages. These new products provide convenience stores, quick service restaurants and other high traffic food and beverage establishments a convenient way to offer their customers self-serve coffee and tea drinks using beverage stations similar to omnipresent fountain drink dispensers.

About Javo(R) Beverage Company, Inc.

Based in Vista, California, Javo Beverage Company (OTCBB:JAVO), is the innovation leader in the manufacture of coffee and tea-based dispensed beverages, drink mixes and flavor systems. The Company has successfully commercialized a proprietary brewing technology that yields fresh brewed coffees and teas that are flavorful, concentrated and stable. As a result, they have broad applications in the foodservice, food manufacturing and beverage industries. For foodservice operators, Javo makes it possible to serve great tasting hot coffees and cold specialty coffee beverages from convenient dispenser-based systems. Javo also assists food and beverage processors seeking authentic and robust coffee and tea flavors with the development and supply of customized ingredients for their packaged foods and ready-to-drink beverages. Through its selling, service and distribution operations, Javo supplies a growing list of national and international foodservice operations, specialty coffee retailers, restaurant chains and food manufacturers. More information about Javo Beverage Company is available at www.javobeverage.com.

This release contains forward-looking statements made by or on behalf of Javo Beverage Company, Inc. All statements, which address operating performance that the Company expects will occur in the future, including statements relating to volume growth, share of sales, or statements expressing general optimism about future operating results, are forward-looking statements. These forward-looking statements are based on management's current views and we cannot assure that anticipated results will be achieved.

Source: Business Wire

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