San Diego, Feb. 19 - Javo® Beverage Company, Inc., a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, today announced that it anticipates expansions by national customers will result in the installation of over 4,500 new dispensers serving Javo-manufactured beverages during the first and second quarters of 2008, bringing its total to over 8,800.
The Company closed 2007 with over 4,300 operating dispensers installed across the country, an increase of over 2,800 from the close of 2006. Each dispenser generates from $3,000 to $6,000 in revenue per year.
Cody C. Ashwell, chairman and CEO of Javo, said, “Each of our national account partners will add a meaningful number of dispensing locations during the first half of 2008. Activity is very strong for our unique, specialty iced coffee program as we approach peak seasonality for chilled beverages.” Javo’s growing list of national customers includes: 7-Eleven, Exxon-Mobil, British Petroleum (am pm), Sunoco, Premier Healthcare, Compass Group, MedAssets Supply Chain System, US Department of Veterans Affairs and others. Products manufactured by Javo are distributed to its coffee and tea customers by leading distributors, such as: Sysco Foods, US Foodservice, Gordon Foodservice, Shamrock Foods, Performance Food Group, McLane and Core-Mark.
Gary Lillian, President of Javo, said, “Acceptance of our hot and iced coffee programs by many of the leading foodservice operators in the industry is giving us a fast start against our goal of 7,500 to 10,000 total installed beverage locations by the close of 2008.” Javo Beverage offers its foodservice customers the opportunity to serve specialty beverage programs for hot on-demand coffee and for specialty dispensed iced coffee and tea like those found in retail coffee shops but without the need to install and learn a barista-style operating system. Both product lines feature beverage concentrates in bag-in-box packaging that, once installed, create recurring revenue for the Company. Having both dispensed hot coffee and specialty iced coffee product lines provides Javo Beverage the opportunity to supply multiple beverage solutions to the more than 2.5 million foodservice and large office locations nationwide.