Access1Financial Announces Investment Opinion; Access1Financial Issues Research Report on Iceberg Corp. of America.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Nov. 10, 1999-- Iceberg Corp. of America (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ICBG ICBG International Cooperative Biodiversity Groups ICBG Iliac Crest Bone Graft ) announced today that Access1Financial, an investor relations Investor relations The process by which the corporation communicates with its investors. company, issued a research report detailing the company's detailing the company's business model and pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge . Iceberg Corp. is a leading producer of ultra premium beverages including iceberg water, iceberg beer, and iceberg vodka Iceberg Vodka is a vodka manufactured by the Newfoundland and Labrador Liquor Corporation. The company's website claims that it is produced using the water from icebergs harvested off the coast of Newfoundland. . The company is experiencing increasing sales through its traditional and alternative distribution channels. Branding under the Borealis name and high quality packaging together with private label strategic partners is increasing consumer awareness and demand for the truly unique products. Relying on preeminent market partners with existing expertise and capacity, the company is able to quickly create and distribute any number of products. All Iceberg Corp. products are positioned in niche markets at the ultra premium end of the quality and price range with top name brands, where the company believes margins are best and price competition is weakest. Targeted consumers are upper- and upper-middle socioeconomic groups that are typically well-educated, health conscious, and prefer unique, premium products. Currently, the company is the only Canadian licensed firm harvesting iceberg water to produce a family of premium quality products including iceberg water, iceberg beer and iceberg vodka. Its highly experienced marketing and management team has created a "virtual" company by making a strategic decision to develop blue chip partners by outsourcing production of vodka and beer. -0-
Market Cap (Mil) 16.3 52-week Range $1.75-3.25
Shares Outstanding (Mil) 9.35 Current Price $1.75
Sales Gross EBITDA NET P/E EPS Mkt Cap Shs Out
1999 202 nm nm nm nm -0.1 18.60 8.75
2000E 8000 40% 16% 5% 0.72 0.04 22.31 10.50
2001E 20435 41% 29% 18% 0.10 0.29 26.56 12.50
For further information or a copy of the report, please contact Access1Financial at 310/581-7997. |
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