Growth Stock Watch

Bravo Foods announced that their factory is now producing 7.5 million bottles of their milk products per month - a total of 90 million per year. According to the company, this capacity “will satisfy the agreed upon supply obligation of Bravo! to Coca-Cola Enterprises” as part of their distribution agreement.

Since the beginning of the year, the company has tripled monthly bottle production from 2.5 million bottles to 7.5 million bottles.

At the same time, the company has begun what it calls “Operation Milk Attack” at CCE sales centers, a program aimed at training the CCE sales force on their products and building brand awareness.

Bravo Foods announced they have sold $30 million in convertible notes due in 2010. The notes are convertible into common shares of BRVO at $0.70 per share.

One interesting note in the news release. The company could be planning something big based on how they worded this:

Under the terms of the financing, the Company will sell $30 million notes, of which $15.0 million of the notes will be held in escrow. The release of the funds will be subject to stockholder approval. The Company intends to file a proxy statement seeking such shareholder approval as soon as practical.

Bravo Foods recently announced that they have signed a licensing agreement with Masterfoods USA for the rights to sell Mars, Starburst, and 3 Musketeers Slammers products in Canada, as well as Milky Way and 3 Musketeers Slammers in Mexico. The seven-year licensing agreements are effective immediately.

Bravo Foods recently announced that it is experiencing some growing pains - with revenue increasing 297% and losses increasing 209%.

Bravo Foods has announced that it has hired a Director of Business Development - Allied Brands. This new executive is responsible for the development and sales of all non-dairy beverages including teas and flavored waters.