Splash Beverage Group Broadens Reach through Agreement with Maryland’s Buck Distributing

Rhea-AI Summary

Splash Beverage Group (SBEV) has signed a distribution agreement with Buck Distributing to distribute its products in five counties in Central Maryland. Buck, a well-established distributor with over 200 brands and a 3 million case volume per year, will carry Splash's main beverages including TapouT, Copa di Vino, SALT Tequila, and Pulpoloco Sangria. This partnership is part of Splash's ongoing strategy to expand its distribution network, leveraging Buck's extensive experience in the beverage market.

Positive

• New distribution agreement with Buck Distributing enhances market reach in Central Maryland.
• Buck Distribution's established presence and experience may boost product visibility and sales.

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• None.

Fort Lauderdale, Florida, May 24, 2022 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, today announced that it has signed a distribution agreement with Buck Distributing in Maryland to distribute all Splash Beverage Group products through 5 Central Maryland Counties.

Buck Distribution is a malt beverage and related products distributor headquartered in Upper Marlboro, Maryland.  Buck distributes products in Anne Arundel, Calvert, Charles, Prince George’s and St. Mary’s counties and has limited distribution rights to five Eastern Shore Counties.  Buck Distribution generates volume of 3 million cases per year through more than 200 brands with a fleet of 23 trucks and 110 sales representatives.

“This agreement continues our streak of landing significant distribution agreements with major regional players,” said Robert Nistico, Splash Beverage Group’s Chairman and CEO.  Buck Distribution has been a 3-time winner of the prestigious Miller Masters award and a 4 time winner of the MillerCoors Presidents award.  They’ve been distributing for Miller Beer since 1952 and for Molson Coors since 1972.  All four of our main beverages, TapouT, Copa di Vino, SALT Tequila and Pulpoloco Sangria will now be available through the Buck system, which has a long history of high-quality, value-added service and we’re delighted to be working with them.”

Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev

About Splash Beverage Group, Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. 

For more information visit:
www.SplashBeverageGroup.com
www.copadivino.com
www.drinksalttequila.com
www.pulpo-loco.com
www.tapoutdrinks.com

Forward-Looking Statement
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on March 8, 2021, and in the Company’s other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

Contact Information:
Splash Beverage Group
Info@SplashBeverageGroup.com
954-745-5815

FAQ

What products will Buck Distributing distribute for SBEV?

Buck Distributing will distribute Splash Beverage Group's main products: TapouT, Copa di Vino, SALT Tequila, and Pulpoloco Sangria.

What does the distribution agreement between SBEV and Buck Distributing entail?

The agreement allows Buck Distributing to distribute all Splash Beverage Group products across five counties in Central Maryland.

When was the distribution agreement between SBEV and Buck Distributing announced?

The distribution agreement was announced on May 24, 2022.

How many counties will Buck Distributing cover for SBEV's products?

Buck Distributing will cover five counties in Central Maryland for Splash Beverage Group's products.

What is the significance of the Buck Distributing partnership for SBEV?

The partnership is significant as it continues Splash's strategy of securing major distribution agreements, potentially increasing product availability and sales.