Innovative Beverage Group Holdings Inc. announced that the company has entered into an agreement with Pepsi Bottling Group Inc., bringing relaxation to the millions who reside in the city that never sleeps. In business since 1984 years, Pepsi® NY has 20,000 accounts distributing Pepsi products throughout the five boroughs and Westchester County. In partnering with Pepsi® NY, Innovative Beverage Group will successfully place drank(TM) next to established Pepsi® products such as Pepsi, Mountain Dew, Sierra Mist, Lipton, Schweppes, Crush, Welch's, Haw. Punch, Aquafina, and Evian throughout the city. Pepsi® NY prides itself on staying current with the newest and hottest beverages that are hitting the market. With a slogan of 'slow your roll(TM),' drank(TM) is the antithesis of the herd of energy drinks crowding the functional beverage sector. Since launching in select markets in early 2008, drank(TM) has quickly become the go-to beverage for people looking to relax their mind and body with a calming blend of melatonin, rose hips and valerian root. Pepsi® Cola Bottling Company joins an extensive and growing roster of regional distributors that have added drank(TM) to their New Age beverage lineup.

The Board of Directors of The Pepsi Bottling Group Inc. has declared a quarterly dividend of $0.18 per share on PBG's common stock. The dividend is payable January 4, 2010 to PBG shareholders of record on December 4, 2009.

Pepsi Bottling Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 5, 2009. For the quarter, the company reported net revenues were $3.6 billion against $3.8 billion last year. Operating income was $436 million against $455 million last year. Income before income taxes was $369 million against $385 million last year. Net income attributable to PBG was $254 million or $1.14 per diluted share against $231 million or $1.06 per diluted share last year. Net income includes a net after-tax gain of $17 million, or $0.08 per share, resulting from the favorable settlement of tax audits, previously announced restructuring charges, advisory fees relating to the pending PepsiCo transaction, and mark-to-market gains relating to commodity hedges. On a currency neutral basis, worldwide revenue increased 2% in the third quarter. Reported worldwide revenue decreased 5%. The company's revenue performance reflects solid currency neutral net revenue per case growth partially offset by soft volume. On a comparable basis, currency neutral worldwide operating income increased 10% in the third quarter. This includes a positive impact of four per-centage points from acquisitions. Comparable currency neutral operating income increased in each of the company's reporting segments, with growth of 2% in the U.S. and Canada and double-digit growth in both Mexico and Europe, which includes the impact of acquisitions. Reported worldwide operating income declined 4% for the quarter. The net impact of previously announced restructuring charges, advisory fees related to the pending PepsiCo transaction, and mark-to-market gains reduced reported worldwide operating income by five per-centage points. In the U.S. and Canada segment, reported operating income declined 7%. For the nine months, the company reported net revenues were $9.4 billion against $9.9 billion last year. Operating income was $862 million against $913 million last year. Income before income taxes was $651 million against $727 million last year. Net income attributable to PBG was $522 million or $2.39 per diluted share against $433 million or $1.94 per diluted share last year. Net cash provided by operations was $727 million against $717 million last year. Capital expenditures were $357 million against $579 million last year. For 2009, the company continues to expect results at the high-end of its full-year comparable diluted EPS guidance of $2.30 to $2.40. This includes a $0.13 per share negative impact from translational foreign currency headwinds. The Company forecasts currency neutral top-line growth in the low-single digits. Operating free cash flow is now expected to be approximately $550 million, an increase of $100 million from the beginning of 2009, including increased pension funding and foreign currency headwinds but excluding advisory fees related to the pending PepsiCo transaction. The Company anticipates capital expenditures of about $550 to $600 million.