FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 1, 2005
BRAVO! FOODS INTERNATIONAL CORP.
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Exact name of registrant as specified in its amended charter)
DELAWARE 0-20539 62-1681831
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
11300 US Highway 1, Suite 202, North Palm Beach, Florida 33408 USA
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(Address of Principal Executive Offices with Zip Code)
Registrant's telephone number, including area code: (561) 625-1411
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 1.01 - Entry into a Material Definitive Agreement
Bravo! Foods International Corp. has signed a multi-year distribution
agreement, effective January 1, 2006, with Jasper Products, L.L.C. of
Joplin Missouri, one of three dairy processors in the United States that
has approval of the United States Food and Drug Administration to produce
aseptic shelf stable milk in bottles. Bravo! has contracted with Jasper,
which has produced its flavored milks, including the Company's Slammers(r)
line since 2001, for the continued production of Bravo!'s products through
September 2010.
Under the terms of the agreement, the parties have agreed to annual volume
commitments for the ordering and production of Bravo!'s various lines of
shelf stable single serve flavored milk beverages. The scheduled
production commitments with Jasper will be realized on a ramp up basis,
commencing in April 2006, with the installation of additional processing
equipment at Jasper's Joplin plant. These production commitments will
satisfy the agreed upon supply obligation of Bravo! to Coca-Cola
Enterprises, Inc. (CCE), under Bravo!'s Master Distribution Agreement with
CCE by the summer of 2006.
To secure the production commitments, as well as the right of first refusal
for Jasper's additional production capacity going forward, Bravo! has paid
a one time equipment mobilization payment of $2.7 million to Jasper. The
agreement incorporates per unit monetary penalties for both unused capacity
by Bravo! and any production shortfall by Jasper.
Section 9.01 -Exhibits
10.1 Jasper Manufacturing Agreement
99.1 Press Release
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Bravo! Foods International Corp.
Date: January 9, 2005 By: /s/ Roy D. Toulan, Jr.
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Roy D. Toulan, Jr.,
Vice President, General Counsel