SOURCE: IO NewsWire

February 02, 2012 07:30 ET

Premiere Beverage Group (PBGC) to Private Label Products for Major Retailers

Note to Editor: the Following Is an Investment Opinion Issued by the IO NewsWire

NEW YORK, NY--(Marketwire - Feb 2, 2012) - Premier Beverage Group (PINKSHEETS: PBGC) (OTC: PBGC) has announced their new strategic partnership between their subsidiary CaptiveBrands and DeMunno Sales & Associates (DSA). DSA specializes in development opportunities with Ulta Salon (NASDAQ: ULTA), Sears (NASDAQ: SHLD) and Walgreens (NYSE: WAG).

The partnership will focus on private labeling brands that fit the retailers, which DSA has a relationship with. Between the three major retailers that DeMunno has access too, the annual sales combined exceed $100 billion.

CaptiveBrands offers a turnkey private label program for any retailer who is in the market for functional beverage products. The functional food industry, consisting of food, beverage and supplement sectors, is one of the several areas of the food industry that is experiencing fast growth in recent years. It is estimated by BCC Research that the global market of functional food industry will reach 176.7 billion in 2013 with a compound annual growth rate (CAGR) of 7.4%.

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