Bebida Beverage Co., a developer, manufacturer and marketer of relaxation and energy drinks, announced today that the company has filed their latest quarterly report and net profit for BeBevCo increased 84 percent to $461,000. This also represents a substantial increase over all of 2010 whereby net profit came in at $232,351. Second quarter profits alone represent an increase of 99 percent over the entire previous year.
Additionally, revenues for BeBevCo are well ahead of the 2010 pace with nearly $1.1 million in revenues so far this year with $1.4 million in all of 2010. The merging of Potencia Products into the BeBevCo portfolio have also contributed to these gains.
"Obviously we are pleased with our growth but the second quarter was just about over when the lid came off of our business. With all the new partnerships and distributorships, we expect quarter three to be substantially ahead of the pace for the first two quarters of this year," said Brian Weber, CEO of BeBevCo. in a prepared statement. "I think the fact that we are profitable and growing at a substantial pace is something that few seem to be aware of. People assume that because we are a micro cap company that we are rolling in debt and misery and that simply is not the case with us," Weber continued.
"As the nation the world continue to go through a period of increased stress and anxiety over so many issues, quite frankly these conditions sadly are the energy behind the rapid expansion of our Relaxation drinks," explained Weber.