Splash Beverage Group to Distribute TapouT through Save-A-Lot Grocery Stores in 32 States

Rhea-AI Summary

Splash Beverage Group (NYSE American: SBEV) announced a distribution agreement with Save A Lot grocery stores to carry its TapouT brand. Save A Lot operates over 850 stores across 32 states and generates $4 billion in sales. This partnership is expected to enhance TapouT's market presence significantly, with a phased rollout planned. Splash Beverage aims to expand its portfolio of alcoholic and non-alcoholic beverages, including other brands like Copa di Vino and SALT tequila.

Positive

• New distribution agreement with Save A Lot enhances market presence.
• TapouT's partnership could lead to significant sales growth in over 850 stores.
• Save A Lot's $4 billion in annual sales presents a substantial opportunity.

Negative

• None.

Fort Lauderdale, Florida, June 28, 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 will be distributing TapouT through Save A Lot grocery stores. 

Save A Lot is one the nation’s largest grocery store chains, with more than 850 stores supplied by 13 distribution centers in 32 states.  Founded in 1977 and headquartered in St. Louis, Missouri, Save A Lot leverages the strength of a large national chain with the very localized approach of a hometown grocer.  Most stores are independently owned and operated, and tend to be smaller with wider aisles, making it easy to find the items customers are seeking.  Save A Lot prides itself on carrying the everyday items families need and providing the ability to get in and out of stores quicker than large supermarkets.

Robert Nistico, Splash Beverage Group’s Chairman and CEO, “This latest agreement is another significant milestone in our grocery market strategy.  Save A Lot has a nationwide presence and generates more than $4 billion in sales.  Save A Lot decided to add TapouT after tasting the product at an industry trade show, so we are very excited by their enthusiasm.  We believe TapouT will see an immediate distribution boost from this Phase 1 deployment, and the agreement holds out the potential for an even greater impact in Phase 2 as we begin to penetrate all 850 Save A Lot stores across the country.”

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

Attachment

• Splash Beverage Group to Distribute TapouT through Save-A-Lot Grocery Stores in 32 States

FAQ

What is the recent distribution agreement for SBEV?

Splash Beverage Group has partnered with Save A Lot to distribute its TapouT brand across their grocery stores.

How many stores will TapouT be distributed in by SBEV?

TapouT will be distributed in over 850 Save A Lot grocery stores.

What is the significance of Save A Lot to Splash Beverage Group?

Save A Lot's nationwide presence and $4 billion in sales make it a strategic partner for Splash Beverage Group to expand TapouT's market reach.

When did SBEV announce its agreement with Save A Lot?

The announcement was made on June 28, 2022.