Splash Beverage Group Expands Northeastern US Footprint

Rhea-AI Summary

Splash Beverage Group (NYSE American: SBEV) has announced a distribution agreement with Northern Eagle Beverage to supply its products, including SALT Tequila, Copa di Vino wines, and Pulpoloco Sangria, across four counties in New Jersey: Bergen, Hudson, Essex, and Passaic. This partnership expands access to densely populated regions, with Bergen County being the most populated in the state. CEO Robert Nistico highlighted the credibility gained from the relationship with InBev’s AB-ONE and anticipates increased revenue from this expansion.

Positive

• New distribution agreement with Northern Eagle Beverage enhances product visibility in densely populated New Jersey counties.
• Partnership with InBev’s AB-ONE boosts credibility and attracts high-volume distributors.

Negative

• None.

Agreement with New Jersey’s Budweiser Distributor Northern Eagle Beverage to Cover Four Garden State Counties

Fort Lauderdale, Florida, March 29, 2022 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, today announced an agreement with New Jersey-based AB-ONE distributor Northern Eagle Beverage to distribute SALT Tequila, Copa di Vino wines by the glass, and Pulpoloco Sangria to New Jersey’s Bergen, Hudson, Essex and Passaic Counties.

Robert Nistico, CEO of Splash Beverage Group commented, “This is another home run distribution agreement for Splash.  Our relationship with InBev’s AB ONE, the owner of Budweiser, continues to pay dividends for us as more and more high-volume distributors take note of the credibility that comes from our relationship with AB-ONE.  New Jersey’s Northern Eagle Beverage Company puts our three premium products on the shelves in 4 highly populated NJ counties.  In fact, Bergen County is the number one most populated county in NJ and Essex is the second highest. Both Hudson and Passaic Counties are in the top 10, and it’s worth noting that NJ is the most densely populated state in the US, so our products will be put in front of many, many new eyeballs which translates to more revenue.”

Northern Eagle Beverage Company is an independently owned wholesaler and distributor headquartered in Carlstadt, New Jersey.  Founded in 1993, Northern Beverage operates from a 46,000 square foot facility and services more than 920 off-premises accounts and more than 1000 on-premises accounts. Northern Beverage has won AB ONE’s Ambassador of Excellence Award in 7 of the last 10 years.

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 new distribution agreement has Splash Beverage Group announced?

Splash Beverage Group has formed a distribution agreement with Northern Eagle Beverage to distribute SALT Tequila, Copa di Vino wines, and Pulpoloco Sangria in four New Jersey counties.

How does the new distribution agreement impact SBEV's market presence?

The agreement significantly increases SBEV's market presence in New Jersey's most populated counties, which could lead to higher revenue.

Which counties in New Jersey will distribute SBEV products?

SBEV products will be distributed in Bergen, Hudson, Essex, and Passaic Counties.

What are the benefits of the partnership with InBev’s AB-ONE for SBEV?

The partnership with InBev’s AB-ONE enhances SBEV's credibility in the market, making it more attractive to high-volume distributors.