WESTON, FL -- (Marketwire) -- 03/27/09 -- Wall Street News Alert's "stocks to watch" this morning are: Innovative Beverage Group Holdings, Inc. (PINKSHEETS: IBGH), Molson Coors Brewing Company (NYSE: TAP), Constellation Brands (NYSE: STZ) and Diageo PLC. (NYSE: DEO).
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Innovative Beverage Group Holdings, Inc. (PINKSHEETS: IBGH) should have investors watching the stock closely. Yesterday after the markets closed, the company, which engages in the distribution and wholesale of products in the New Age beverage category, issued a press release announcing that its extreme relaxation beverage, drank(TM) is now being distributed throughout Mississippi by longtime Anheuser-Busch® partner Mitchell Distributing Company, the second largest in the state.
A full-service distributor operating in the region since 1947, and Anheuser-Busch® wholesaler since 1953, Mitchell brings Budweiser® beers and a variety of non-alcoholic beverages to more than 1,000 on-and-off-premise accounts in the Meridian, Leland, Columbus, and Tupelo, Mississippi markets, affording drank(TM) valuable shelf space at a host of convenience stores, groceries and other retailers throughout the region.
"We are very excited about bringing drank(TM) into our network. They have essentially created a new beverage category, an innovation we can leverage to create an additional revenue stream," said Manny Mitchell, Owner and President of Mitchell Distributing Company. "Not only does drank(TM) offer our consumers a functional, non-alcoholic beverage with superior taste, it also comes with impressive national marketing support and dedicated customers."
"drank(TM) is wildly popular across many areas of the south, so working with a premier and well-respected Anheuser-Busch® distributor like Mitchell with such strongholds in their markets, ensures we will be able to reliably get product to consumers throughout north and central Mississippi," said Peter Bianchi, CEO of Innovative Beverage Group."
drank(TM) is the antithesis of the herd of energy drinks crowding the functional beverage sector. With the slogan "slow your roll(TM)," this lightly carbonated relaxation beverage is infused with melatonin, valerian root and rose hips to provide a relaxing effect. Since launching in select markets in early 2008, drank(TM) has quickly become the go-to beverage for people looking to relax their mind and body.
This latest distributor agreement is one of many recent deals with the nation's premier beer distributors throughout the country. Mitchell Distributing Company joins the ranks of many regional distributors and convenience store outlets that have added drank(TM) to their New Age beverage lineup. drank(TM) is currently sold in several major markets, including metropolitan areas of Birmingham, Huntsville, Mobile and Montgomery, AL; West Memphis, AR; Atlanta and Macon, GA; Baton Rouge, Lafayette and Shreveport, LA; Springfield and St. Louis, MO; Jackson and Oxford, MS; Philadelphia, Scranton, and Wilkes-Barre, PA; Clarksville, Columbia, Franklin, Jackson, Memphis, Murfreesboro and Nashville, TN; Austin, Dallas-Ft. Worth, Houston, Livingston and Waco, TX.
Prior to the latest press release, the stock closed yesterday at $1.30 a share.
Molson Coors Brewing Company (NYSE: TAP) up 0.9% on 1.5 million shares traded. Molson Coors Brewing Company is one of the world's largest brewers.
Constellation Brands (NYSE: STZ) down 1.4% on 4.3 million shares traded. Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol in the wine, spirits and imported beer categories, with significant market presence in the U.S., Canada, U.K., Australia and New Zealand.
Diageo PLC (NYSE: DEO) up 0.6% on 1.6 million shares traded. Diageo is one of the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wines and beer categories. These brands include Johnnie Walker, Guinness, Smirnoff, J&B, Baileys, Cuervo, Tanqueray, Captain Morgan, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines.
Gas prices rose 2.3 cents a gallon overnight to a new national average of $2.009 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Pump prices are 10.9 cents higher than a month ago, but $1.252 lower than the same period last year.
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