IRVINE, Calif., Sept. 2, 2010 (GLOBE NEWSWIRE) -- Despite the roller coaster economy of the past two years, the energy drink market has fared rather well according to several recent industry reports. According to a report titled Comprehensive Reviews in Food Science and Food Safety, Energy Drinks Dominate the Functional Beverage Market in the U.S. and since its introduction in 1997, the energy drink market is the fastest growing segment in the beverage industry.
This comes on the heels of a report from Mintel's Global Market Navigator (GMN) noting that energy drinks in particular have experienced impressive growth of more than 240% in the United States, as well as abroad, from 2004 to 2009. In addition, the U.S. energy drink industry is expected to more than double reaching an astounding $19.7 billion by 2013, an increase of almost 160% since 2008, according to Datamonitor.
Earlier this week, Cohen Independent Research Group, Inc. ("Cohen") initiated coverage of Kore Nutrition Inc. (OTCBB:KORE) with an initial price target of $10.50. Kore's wholly-owned subsidiary, ALL IN™ Energy Drink, is a premium sugar free product, with no carbohydrates, and less than 10 calories per can. ALL IN™ Energy uses herbs, vitamins and amino-acids to provide a balanced and sustained sharpening of focus and pure energy.
This bullish trend should be most welcomed by investors of energy drink equities like Kore Nutrition. With the flurry of potent announcements streaming from beverage industry analysts recently investors may indeed find that it's time to examine Kore Nutrition at a price discounted to recent highs and amid a chorus of energetic optimism.
Kore Nutrition Inc. (OTCBB:KORE) has developed several innovative energy drinks and unique bottled water products. Currently the ALL IN™ ENERGY DRINKS and the ALL IN™ PURIFIED WATER are available online. Kore Nutrition has received significant exposure as a sponsor of the World Series of Poker, and has been endorsed by professional poker players.
View a profile on Kore Nutrition Inc. here:
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