SOURCE: Black Art Beverage, Inc.

Black Art Beverage, Inc.

August 07, 2009 16:33 ET

Black Art Beer Announces Financial Projections

FORT LAUDERDALE, FL--(Marketwire - August 7, 2009) - Black Art Beverage, Inc. ("Black Art") (PINKSHEETS: BLVI) announces its financial projections for the balance of 2009 and FY2010. Black Art anticipates 2009 sales at $1.5M. The company expects FY2010 revenues to exceed $5M as new distribution, key account placement, and media campaigns begin to mature in key markets in the United States and Canada.

"We expect the premium segment of the beer market will continue to grow at an anticipated slower rate. This is directly related to economic conditions in the United States, Canada, and all territories where Black Art Beer will be available. However, we are also seeing reduced overhead costs related to shipping and administrative fees as we have taken advantage of current conditions to renegotiate with our suppliers. All of these events will allow Black Art beer to position itself aggressively and price to compete within the premium segment category. This will drive our sales strategy across North America and has allowed us to project revenue accordingly," stated Ras Moses, President of Black Art Importers.

About Black Art Beer

Black Art Beer is produced in Germany and exported to the United States exclusively through Black Art Importers. Black Art's current products include the flagship Black Art beer, a dark premium pilsner, and Black Art Gold, a smooth and light pilsner. Other styles and draft keg beer is forthcoming. For more information, please visit: www.blackartbeer.com.

About Black Art Beer Importers, Inc.

Black Art Importers is a Florida corporation engaged in the business of distributing the Black Art brand. Black Art Beer Importers, Inc. is a wholly owned operating company of Black Art Beverage, Inc.

About Braustolz Brauerie AG

Black Art pilsner beers are brewed and bottled by Braustolz GmbH in Germany. Braustolz has been in operation since 1868, brewing beer according to the German Purity Laws of 1516, which results in superior quality. Braustolz is a wholly owned subsidiary of a Brewery Group headed by Kulmbacher Brewery, all based in Germany.

Forward Looking Statements

Statements made in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve risks and uncertainties that could cause actual results to differ materially from opinions and expectations. All information in this release is as of the date hereof. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

For further information regarding Black Art's business, please refer to the "Information and Disclosure Statement" available on www.pinksheets.com. Additional information about Black Art is available on the World Wide Web at www.blackartbeer.com.

Contact Information

  • Media Contact:
    Melonie Burke
    (786) 371-4371