Vianale & Vianale LLP Announces Expanded Class Period in Shareholder Class Action Brought Against Officers of Bravo! Brands Inc.

The law firm of Vianale & Vianale LLP announces that it filed a class action lawsuit on December 12, 2007, alleging an expanded class period, on behalf of purchasers of the securities of Bravo! Brands, Inc. ("Bravo") (PINKSHEETS: BRVO) between March 22, 2005 and May 15, 2007 (the "Class Period"). A copy of the complaint can be obtained by calling our offices or viewed on Vianale & Vianale's website at: www.vianalelaw.com. The action (Case No. 07-81181-CIV) is pending in federal court in West Palm Beach.

The complaint expands the prior Class Period and alleges that Bravo's financial statements and SEC filings were false beginning at least as early as March 22, 2005. The complaint alleges that Bravo CEO Roy G. Warren and Chief Accounting Officer Tommy E. Kee violated the Securities Exchange Act of 1934. During the Class Period, Bravo concealed that its sole distributor, Coca Cola Enterprises, Inc. ("CCE"), had drastically cut its demand for Bravo's milk-drinks. (Bravo sold its products under the brand names "Slammers" and "Bravo.") Bravo also failed to timely disclose that it had defaulted on interest payments to senior note holders. Bravo announced several restatements to its financials.

Bravo falsely told investors on April 3, 2007, that it had expanded its drink products by introducing the first milk-based sports drink. Only one month later, Bravo announced that it would substantially reduce its workforce, that it would not roll out brands into new channels of distribution, and that its sales with CCE had declined substantially in April and May 2007. On May 15, 2007, the last day of the Class Period, Bravo announced that it had recognized a $17.6 million non-cash impairment charge during the quarter ended March 31, 2007. On September 21, 2007, Bravo filed for bankruptcy.

If you bought the securities of Bravo! between March 22, 2005 and May 15, 2007, no later than December 17, 2007, you may move the court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The court must determine whether the class member's claim is typical of other members' claims, and whether the class member will adequately represent the class. Your ability to recover is not, however, affected by the decision whether or not to serve as a lead plaintiff. Vianale & Vianale LLP is active in major litigations pending in federal and state courts. More about the firm is available on its website.

If you wish to discuss this action with us, or have any questions concerning our lawsuit, this notice or your rights and interests with regard to this case, please contact:

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source: newsblaze.com