Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, has reached distribution agreements with nine beverage distributors across the southeastern United States. The agreements outline distribution details for TapouT, SBEV’s hydration and recovery drink. According to the announcement, the new wholesale distributors have agreed to let Splash significantly increase its distribution from Florida to Virginia, leading to additional orders. The new distributors include the following: Alabama-based Allstate Beverage Company; Florida-based Southern Eagle Distributing, Burkhardt Sales & Service, Goldring Gulf Distributing, Bernie Little Distributing, Suncoast Beverage, Stephens Distributing, and Daytona Beverage; and Tennessee-based Ajax Turner Company. The company noted that it anticipates more distributors will be adding TapouT in the near future as Splash ramps up deliveries to meet the additional retail demand. “We’ve always maintained that in the beverage industry, distribution is critical, because from strong distribution comes solid retail and revenue growth,” said Splash Beverage Group chair and CEO Robert Nistico in the press release. “Solid retail growth creates its own momentum, in which larger and larger retail outlets begin carrying your products. We’re very excited that TapouT has the momentum to attract enough retail support that we have added nine additional top-quality ‘DSD’ distributors to help us manage the anticipated increase in TapouT volume as we look forward to 2023. This is an important and exciting development for Splash.”
To view the full press release, visit https://ibn.fm/oQ263
About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and nonalcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drinks. 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 has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, please visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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