NEW YORK/PRNewswire/ — Icy Splash Food & Beverage, Inc. (OTC Bulletin Board: IFBV – news) announces the filing of its 10-Q for the quarter ending September 30, 2001 (3rd Quarter) showing a profit for the second consecutive quarter. The company attributes the profitability to increased sales, which were up 51.4% from the third quarter in 2000.

“We continue to focus on growth & earnings,” said Joseph Aslan, president of Icy Splash Food & Beverage, Inc. By growing at a controlled pace we think we will be able to meet our revenue projections while maintaining a healthy bottom line“.

About Icy Splash

Icy Splash is a manufacturer and distributor of beverage and food products to niche markets. Its flagship product, Icy Splash(TM), an innovative, all natural fruit flavored, clear, carbonated soft drink is currently supplied in a variety of flavors to supermarket chain stores and convenience stores in the Tri-State area (New York, New Jersey, Pennsylvania) as well as Virginia and North Carolina, and is rapidly expanding throughout the East Coast. Icy Splash also manufactures a second line of products called Icy Splash(TM)- Second Generation. A colored, carbonated beverage in 14 flavors and 3 sizes which allow Icy Splash to market a complete product line to consumers and distributors based on a variety of flavors, sizes and an aggressive retail price.

SOURCE: Icy Splash Food & Beverage, Inc.