Splash Beverage Group, Chairman and CEO, Robert Nistico Provides Corporate Update in Letter to Shareholders
09 Août 2022 - 2:00PM
Splash Beverage Group, Inc. (NYSE American:
SBEV) (“Splash”
or the “Company”), a portfolio company of leading beverage brands,
today issued a letter to shareholders from Robert Nistico, Chairman
and CEO of Splash Beverage Group.
Dear Fellow Splash Beverage Group Shareholders,
On behalf of Splash’s Board of Directors, our senior management
team and employees, we are delighted to have you as shareholders
and as valued members of our corporate family. As we prepare to
release Q2 results in the next couple of weeks, I wanted to take a
few moments and share with you some of the important developments
that have occurred at Splash Beverage Group since the beginning of
the year and as we proceed in the coming months.
No update would be complete without reiterating the
transformative announcement we made on November 17, 2021, in which
we signed a distribution agreement for TapouT, Copa di Vino and
Pulpoloco with AB ONE. AB ONE, of course is owned by AB-InBev, the
corporate owner of Budweiser and the agreement represented our
single largest distribution deal to date. This agreement is
extremely important to Splash because with one agreement, we
achieved a level of recognition and distribution ability in the
industry that might have taken years to achieve on our own, if
ever. With that recognition came the credibility of being
associated with one of the blue-chip names in the beverage
distribution business. And from that moment we’ve been growing and
building momentum. Since the November announcement, and due to our
President Bill Meissner’s strong execution, we have added more than
20 distribution agreements and retail authorizations, most notably
but not limited to:
- Retail authorizations for TapouT from Walmart
- 7-11 to carry Pulpoloco beginning in September in a third of
the country to start
- Winn Dixies Stores across 5 states
- Save-A-Lot stores across 32 states
- Ralph’s Grocery Stores (Kroger) in Southern California
- Copa di Vino and Pulpoloco is in Dodger’s Stadium for the
entire 2022 baseball season as well as special
events.
- Distribution agreements with Kalil Bottling – Arizona,
Colorado, New Mexico and Southwest Texas
- Florida-based Suncoast Beverage & Sales
- Central distributors in Arkansas
- Republic National – California, Missouri, New Mexico
- Northern Eagle – New Jersey
- D. Bertoline – New York
- KW Beverage – South Carolina
- Heimark Distributing - California
- Tenace - California
- Stokes Distributing – Mississippi
- Ohio Eagle – Ohio
- The Juice Factory – New York
- Beechwood – New Jersey
- MEXCOR - Texas
- Buck Distribution - Maryland
Distribution is the key to the beverage business. 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 also recently announced our plans to acquire an 80% interest
in Pulpoloco. We’ve been the exclusive importer of Pulpoloco
to the US since 2021 and we’ve overseen a dramatic increase in the
growth of the brand and most recently, a commitment in 7-11 in
approximately a third of the US to start. At the same time, we’re
seeing an incredible increase in societal interest in all things
renewable and biodegradable. Pulpoloco is packaged in a highly
innovative, ecofriendly paper can called the CartoCan. This unique
packaging, itself made from sustainable wood fiber, generates less
greenhouse-emissions during production and presents an overall
lower carbon footprint. This not only enhances the value of
Pulpoloco’s products but opens the possibility for myriad other
uses as the eco-friendly product becomes more widely recognized.
Acquiring the majority interest in this business makes strong
business sense.
We see unique opportunities for each of our brands, each one
reflecting positive consumer trends in their respective segments.
TapouT is tapping into a growing market for isotonic beverages that
offer a healthier list of ingredients. Flavored tequila is showing
growth in the spirits category and in the single serve wine
segment, Copa Di Vino is proving to be a breakout product with
consumers. And of course, the opportunity afforded by
bio-degradable paper cans has the potential to be a complete game
changer. So, we feel we’re in all the right categories at all the
right times.
We believe we have a strong foundation to support our business
plan. We have a management team with deep experience in the
beverage industry, a robust portfolio of brands that are aligned
with the latest in consumer demands, a growth strategy that is
firing on all cylinders as evidenced by the 8-month string of
distribution and authorization announcements, and we have access to
the capital we need to grow.
We are building a business that is serving a large and growing
market, offering unique and compelling products. While we remain,
laser focused on day-to-day execution, we are always keeping an eye
on the broader market and analyzing all the trends we see
developing. We are committed to remaining flexible and agile so
that we can respond to opportunities that present themselves. We
would like to thank all our shareholders and supporters. We
appreciate the confidence you have shown in us to date, and we look
forward to earning your continued support.
Robert NisticoChairman and CEO
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
GroupInfo@SplashBeverageGroup.com954-745-5815
Splash Beverage (AMEX:SBEV)
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