Clearly Canadian (OTCBB – CCBEF)
Turnaround is Underway – Link Here for SEC August 31, 2006, 6-K Filing
Highlights of this report are:
– 2nd qtr Revenues up 10.5% from 2,418,000 to 2,673,000
– 6 mos. Revenues up 7.8% from 4,058,000 to 4,375,000
– Re-Launch of core brand only took place during the last month of 2nd qtr and product was being driven into Dr. Pepper/7UP distribution network, so no real help there yet. The gains have been driven by the Non-Carbonated sales which are up over 100% from 747,000 to 1,599,000 for 6 mos. and management “anticipates continued growth” in this segment.
– 2nd qtr gross margins were up to 28.5% from 26.6%, (6 mos. numbers hurt by the liquidation of the old product line at a discount.) so managements initiatives beginning to take hold.
– Ramp up for NBA/MVP Steve Nash marketing initiatives underway
– Debt Free – $5.3 million in cash
– New Products on the way for the hot energy and vitamin markets
– Fast growing (100%) private label/co-branding division
– Incurred cost for proposed Realty Television Show.
Stay tuned for more details on this much anticipated Turnaround Story!
About Clearly Canadian
Based in Vancouver, B.C., Clearly Canadian Beverage Corporation markets premium alternative beverages and products, including Clearly Canadian® sparkling flavoured water and Clearly Canadian O+2® oxygen enhanced water beverage which are distributed in the United States, Canada and various other countries. Since its inception, the Clearly Canadian brand has sold over 90 million cases equating to over 2 billion bottles worldwide. Additional information about Clearly Canadian may be obtained at www.clearly.ca.Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as expects, intends, plans, may, could, should, anticipates, likely, believes, estimates, potential, predicts, continue and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company’s belief that a strong financial foundation could accelerate its efforts towards broadening distribution, increasing availability of its product lines, exploring all profitable alternatives related to its brand name, developing new business and product lines and implementing its stated strategic initiatives. These assumptions are subject to many risks, and actual results may differ materially from those currently anticipated. These risks include, by way of example and not in limitation, general economic conditions, changing beverage consumption trends of consumers, the Company’s ability to generate sufficient cash flows to support general operating activities and capital expansion plans, competition, pricing and availability of raw materials, the Company’s ability to maintain the current and future retail listings for its beverage products and to maintain favorable supply, production and distribution arrangements, laws and regulations and changes thereto that may affect the way the Company’s products are manufactured, distributed and sold and other factors beyond the reasonable control of the Company. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission and with the British Columbia and Ontario Securities Commissions.
SOURCE:
Clearly Canadian Beverage Corporation
Investor Relations contact:
Steve Cook, 800-983-0993
investor@clearly.ca
or
Marketing contact:
604-742-5314
smanson@clearly.ca
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