Splash Beverage Group Reaches Distribution Agreement With Carolina Premium Beverage for North Carolina
On March 2, 2023, Splash Beverage Group (SBEV) announced a new distribution agreement with Carolina Premium Beverage to deliver its brands, Copa di Vino, Pulpoloco, and TapouT, across North Carolina. Carolina Premium Beverage has over 80 years of experience and delivers more than 6.8 million cases annually, placing it among the top beer wholesalers in the U.S. CEO Robert Nistico expressed enthusiasm for the partnership, signaling an expansion into key markets like Charlotte. This agreement, along with a recent Publix authorization for TapouT, enhances Splash’s distribution strategy in the Southeastern U.S., aiming to boost retail presence and revenue.
- New distribution agreement with Carolina Premium Beverage enhances market reach in North Carolina.
- Access to the Charlotte market, a critical area for growth.
- Increased retail distribution aligns with company strategy, potentially boosting revenues.
- None.
FORT LAUDERDALE, FL, March 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, announced that it has reached a distribution agreement with Carolina Premium Beverage for distribution of Copa di Vino, Pulpoloco and TapouT across the North Carolina market.
Carolina Premium Beverage has serviced the Charlotte market for more than 80 years through more than 40 suppliers and 2,800 retailers. With more than 6.8 million cases delivered each year, CPB ranks among the top
Robert Nistico, Splash Beverage Group’s Chairman and CEO, commented, “We’re delighted to be added to Carolina Premium Beverage’s distribution. CPB is the premium distributor in the State of North Carolina. This agreement gets all three of our brands into a large swath of North Carolina including the critical Charlotte market. Combined with our recent announcement of our Publix authorization for TapouT in North Carolina, and other distributors in Alabama and Florida, this makes Splash ideally placed to service the vibrant and growing markets in the Southeastern US. We continue to add top rated distribution partners across the U.S., this is exactly on strategy and builds retail distribution and Splash revenues. On a side note, I have a long term, very positive relationship with senior management and personally look forward to working the market! ”
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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
Investor Information:
TraDigital IR
John McNamara
Email: john@tradigitalir.com
Phone: (917) 658-2602
FAQ
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