The ICEE Company Launches Iced Coffee by Javo Beverage (JAVO.OB)
Source: http://Blog.QualityStocks.net/?p=17020Posted on Friday, August 7th, 2009 | In Market Commentary, Small & Micro Cap
Javo Beverage Company, Inc., a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, recently announced a partnership with the ICEE® Company (NASDAQ: JJSF), a subsidiary of J&J Snack Foods Corporation. Under the terms of the agreement, ICEE distribution centers nationwide will immediately add iced coffee to their line-up of industry leading beverage products.
Mocha latte and caramel latte will be the two initial flavors offered under the Java Freeze™ brand to national accounts and retail foodservice operators in the United States, Canada and Mexico. The ICEE Company is the most highly recognized brand and leader in the frozen carbonated beverage industry and this alliance will strengthen Javo Beverage’s revenue stream and create new opportunities with ICEE’s North American accounts.
Javo Beverage Company’s chairman and chief executive officer, Cody C. Ashwell, stated, “ICEE is a stand out supplier to the foodservice industry and has longstanding relationships with some of the most important foodservice operators in our industry.” Mr. Ashwell concluded, “We believe this alliance will complement our own sales efforts because ICEE has reach to thousands of independent foodservice operators seeking to capitalize on the growing market for iced coffee but require a non-concentrated dispensed beverage solution because of lower daily cup sales.”
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