IFBC's revenues for the Three Months Ended, March 31, 2016, amounted to $336,121, which represents almost 40% of the $864,616 of revenues amassed during the entire year of 2015.

1. PRLog - Global Press Release Distribution
IFBC's 2016 First Quarter Results Overview
June 16, 2016 - PRLog -- Italian Food & Beverage Corp. (OTC PINK: IFBC) continues to position itself
as a "commercial ambassador" of the Italian food and wine culture. As an importer, exporter, merchant,
distributor and dealer of fine wine and food products, IFBC and its subsidiaries have established wholesale
distribution headquarters, offices and warehouses in several countries including Italy, Singapore, Austria,
Hungary and the UK.
IFBC's revenues for the Three Months Ended, March 31, 2016, amounted to $336,121, which represents
almost 40% of the $864,616 of revenues amassed during the entire year of 2015. The Gross Income for the
Three Months Ended, March 31, 2016, totaled $249,786, for a Percentage Gross Profit of 74.3%. This is in
comparison to $563,937 of Gross Income for the entire year of 2015, for which the Percentage Gross Profit
amounted to 65.1%. The 1st Quarter of 2016 showed a Net Income of $22,790 compared to a ($455,165)
Net Loss for the entire year of 2015. IFBC is improving both its profitability and its percentage gross
profits via an emphasis on higher margin food products, the sales of which are eclipsing those of the wine
segment of the business.
As for the near future, IFBC is seeking to expand its street food stands, which are already in place, with
brandout.it, and with two new companies freetto.it and biolee.it. Through Campagna Amica, the company
is currently engaged in negotiations with The Italian Farmers Group in London. This opportunity will allow
IFBC the ability to introduce, into a 30-seat space, named Bottega Italiana, the new offerings of "Freetto,"
lightly fried, high-quality Italian fare, and "Biolee," the genuine article of rich, Italian ice cream in The
United Kingdom, as well as in new food stands throughout Europe.
"Over the past 18 months, operations have been streamlined and improved, new strategies calling for the
emphasis on the sale of street food have been implemented, and specific financial goals and objectives have
been firmly established," stated Andrea Di Gregorio, Vice President.
About Italian Food & Beverage Corp . Italian Food & Beverage Corp. establishes and develops brands
committed to fulfill customer needs throughout the world while providing the finest experiences based on
the Italian wine and food culture. IFBC operates as an importer, exporter, merchant, distributor and dealer
of fine wine and food products. The Company and its subsidiaries have established wholesale distribution
headquarters, offices and warehouses in several countries including Italy, Singapore, Austria, Hungary and
the UK. http://ifbcorp.com/
Forward Looking Statements This release contains "forward-looking statements" and information provided
by Italian Food & Beverage Corp. such as online, printed documents, publications or information available
via its website. It may contain certain forward-looking statements that involve risks, uncertainties,
assumptions and other factors, which, if they do not materialize or prove correct, could cause the
Company's results to differ materially from historical results, or those expressed or implied by such
forward-looking statements. All statements, other than statements of historical fact, are statements that
could be deemed forward-looking statements. These statements may also include plans, strategies and
objectives of management for future operations; any statements regarding proposed new products, services
or developments; any statements regarding future economic conditions or performance; statements of
belief; and any statements of assumptions underlying any of the foregoing. There can be no assurance that
the negotiations being considered by the letter of intent will be completed.
Contact info:
Italian Food & Beverage Corp.
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2. PRLog - Global Press Release Distribution
Info@ifbcorp.com
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Source Italian Food & Beverage Corp.
Email Click to contact author
State/Province New York
Country United States
Industry Food
Tags Italian food, Beverage, IFBC
Link http://prlog.org/12566083
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