Javo Beverage Company, Inc. (JAVO.OB), a rapidly growing producer of coffee and tea based dispensed beverages, drink mixes, and flavorings, today announced a dramatic increase in annual sales for 2008, with revenues jumping 55%, to $19.5 million, from $12.6 million in 2007. Annual gross profit rose 103% to $8.2 million.
The jump was primarily the result of an increase in beverage dispensing locations serving Javo coffee and tea products, now totaling over 10,000. Each Javo dispenser placed at a customer location is expected to generate between $2,500 and $6,000 in annual sales.
Javo supplies a growing list of national and international food service operations, specialty coffee retailers, restaurant chains, food manufacturers, and fuel-convenience stores, including 7-Eleven, Speedway SuperAmerica, BP Products North America, Exxon-Mobil, Sunoco, and Conoco. Javo also serves institutions, and recently completed its first year as a prime vendor to the U.S. Department of Veterans Affairs, converting roughly half
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