Italian Food & Beverage Corp. announced revenue results for the year ended December 31, 2016 and quarter ended March 31, 2017. The gross revenues for the first quarter of 2017 have exceeded expectations, and, consequently may be predictive of an over-all increase in gross revenues for the year ended December 31, 2017 over the prior year. Accompanying these top-line increases were reductions in over-all operating expenses. For the quarter ended March 31, 2017, the financials reflect gross revenues of $584,347, For the year ended December 31, 2016, while the gross revenues equaled $1,440,359, which amounts to an increase over the prior year end gross revenues of $575,743.