Splash Beverage Group’s SALT Tequila Continues Expansion with Full Coverage in Nevada and Maryland

Rhea-AI Summary

On September 13, 2022, Splash Beverage Group (NYSE American: SBEV) announced its expansion of SALT Tequila with new distribution agreements in Nevada and Maryland. Central Distributors of Las Vegas will handle distribution in Nevada, while Carey Distributors, Wantz Distributors, and Buck Distributing will cover Maryland. Chairman and CEO Robert Nistico emphasized the growing consumer demand for SALT Tequila, highlighting its positioning within the booming flavored spirits market.

Positive

• Expansion into Nevada and Maryland increases market presence.
• New distribution partnerships with established companies enhance brand visibility.

Negative

• None.

Fort Lauderdale, Florida, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, announced that SALT Tequila continues its national expansion with full distribution agreements throughout the states of Nevada and Maryland.

Splash announced that Central Distributors of Las Vegas will now distribute SALT Tequila across Nevada. At the same time, the Company announced agreements with Maryland-based Carey Distributors and Wantz Distributors to round out statewide distribution with along with Buck Distributing (previously announced) to distribute SALT throughout Maryland.

Robert Nistico, Splash Beverage Group’s Chairman and CEO, commented, “We’re honored to partner with these top tier distribution companies as consumer demand for SALT Tequila continues to grow along with the entire tequila segment nationally.  We believe SALT is positioned very well to capitalize on this demand; flavored spirits, 100% agave tequilas and the overall tequila segment are key drivers in the spirits segment in the U.S.  The agreement with Central Distributors of Las Vegas provides us with terrific opportunity in the Las Vegas and Reno markets. ‘Vegas-born’ Central Distributors is a family-owned wholesaler distributing a diverse portfolio of premium beverages and we’re proud to have SALT added to their stable.   Similarly, our agreements with Carey Distributors, Wantz Distributors, along with Buck Distributing gives us coverage in the entire state of Maryland with distributors carrying top-tier brands, including Anheuser-Busch and Miller Coors.”

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 recent distribution agreements has SBEV announced?

SBEV has announced new distribution agreements for SALT Tequila in Nevada and Maryland.

Who will distribute SALT Tequila in Nevada?

Central Distributors of Las Vegas has been appointed as the distributor for SALT Tequila in Nevada.

Which companies are distributing SALT Tequila in Maryland?

Carey Distributors, Wantz Distributors, and Buck Distributing will distribute SALT Tequila throughout Maryland.

Why is SBEV optimistic about its SALT Tequila brand?

The company cites growing consumer demand for SALT Tequila and the overall flavored spirits market as key drivers.