A-B Enhances Early Pay Program

Dear Client:A-B is still very much in cash generation mode. First distributors noticed increased inventories, (which accelerates working capital for the brewery) and now A-B has created a test where it has offered its distributors "enhanced early pay discount beginning with shipments June 1, 2009," according to a memo to distributors from A-B chief Dave Peacock which fell into our dirty hands. The test runs through July, and based on participation levels the brewery will then decide whether to make