Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, has released a letter sent to shareholders from SBEV CEO and chair Robert Nistico. In the letter, Nistico shared some of the important developments the company has experienced in 2022; he also referenced a “transformative” announcement from November 2021, in which SBEV signed its largest distribution deal to date, an agreement for TapouT, Copa di Vino and Pulpoloco with AB ONE, which is owned by AB-InBev, the corporate owner of Budweiser. In the letter, Nistico noted that with that agreement, Splash Beverage “achieved a level of recognition and distribution ability in the industry that might have taken years to achieve on our own, if ever. . . And from that moment we’ve been growing and building momentum.” The letter went on to note that the company has added more than 20 distribution agreements and retail authorizations since then, including agreements with Walmart, 7-11, Winn Dixie stores, Save-A-Lot stores, and Ralph’s Grocery stores among many others. In addition, the company’s Copa di Vino and Pulpoloco lines are now being offered in Dodger’s Stadium throughout the entire 2022 baseball season as well as for special events. “Distribution is the key to the beverage business,” stated Splash Beverage CEO and chair Robert Nistico in the letter. “Securing these arrangements is all about relationships and hard work. Our relationships with key distributors like AB-ONE and Kalil Bottlers helped open doors, and our team’s ability to execute have and will continue to do the rest. Some of the impact from these announcements was felt in our first quarter financial results reported back in May when we reported an 86% increase in year over year revenues, but most of these agreements and authorizations took place over the course of the first half of 2022, so we have not really begun to see the financial impact of these relationships. . . . We feel we’re in all the right categories at all the right times.”
To view the full press release, visit https://ibn.fm/565On
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 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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