Long Island Iced Tea Corp. Announces New Partnership with Sam's Club for Puerto Rico
April 25 2017 - 8:00AM
Marketwired
Long Island Iced Tea Corp. Announces New Partnership with Sam's
Club for Puerto Rico
Long Island Iced Tea(R) Available at 11 Sam's Club Locations
Beginning April 2017
HICKSVILLE, NY-(Marketwired - Apr 25, 2017) - Long Island Iced
Tea Corp. (NASDAQ: LTEA) (the "Company"), a growth-oriented company
focused on the non-alcohol ready-to-drink ("NARTD") segment in the
beverage industry, today announced that it has secured placement of
its flagship brand Long Island Iced Tea® in 11 Sam's Club locations
across Puerto Rico that will commence in April 2017.
The Company has previously announced a broadening of focus into
the Latin American and Caribbean markets, which it considers 'home
markets', as they do not require the establishment of additional
manufacturing capacity outside of the US. This new partnership with
Sam's Club is the result of the Company's previously announced
distribution agreement with Vaqueria Tres Monjitas, one of the
premier beverage distributors in Puerto Rico. Long Island Iced Tea®
will be available in Sam's Club in 20-ounce bottle variety
packs.
Philip Thomas, Chief Executive Officer of the Company, stated,
"We are thrilled to begin this partnership with Sam's Club and
further enhance our distribution in Puerto Rico. We are excited to
be working with Sam's Club, who is recognized for providing
consumers with quality products at an affordable price. In
addition, the variety pack is a great way for consumers to enjoy a
range of our natural fruit flavors in one convenient form."
About Sam's Club
Sam's Club, a division of Wal-Mart Stores, Inc. (NYSE: WMT), is
a leading membership warehouse club offering superior products,
savings and services to millions of members in 655 clubs in the
U.S. and Puerto Rico. To learn more about Sam's Club, visit
www.samsclub.com.
About Long Island Iced Tea Corp.
Headquartered in Long Island, NY, Long Island Iced Tea Corp.
operates in the non-alcohol ready-to-drink segment of the beverage
industry. The Company's flagship brand 'The Original Long Island
Brand Iced Tea®', together with 'The Original Long Island Brand
Lemonade™' are marketed as premium beverages made with non-GMO
ingredients. The company also imports and markets 'ALO Juice®' a
functional Aloe Vera based beverage. The Company's portfolio of
premium brands sits within the 'better-for-you' category of the
beverage industry, and are offered to consumers at an affordable
price, reflecting the Company's mission. Its beverages are sold
primarily through a network of regional chains and distributors
primarily on the East Coast and the Midwest of the United States,
as well as Canada and Latin America. The Company's website is
www.longislandicedtea.com.
Forward Looking Statements
This press release includes statements of the Company's
expectations, intentions, plans and beliefs that constitute
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 and are intended to come within the safe
harbor protection provided by those sections. These statements,
which involve risks and uncertainties, relate to the discussion of
the Company's business strategies and its expectations concerning
future operations, margins, sales, new products and brands,
potential joint ventures, potential acquisitions, expenses,
profitability, liquidity and capital resources and to analyses and
other information that are based on forecasts of future results and
estimates of amounts not yet determinable. These statements include
any statement that does not directly relate to a historical or
current fact. You can also identify these and other forward-looking
statements by the use of such words as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes," "thinks,"
"estimates," "seeks," "predicts," "could," "projects," "potential"
and other similar terms and phrases, including references to
assumptions. These forward looking statements are made based on
expectations and beliefs concerning future events affecting the
Company and are subject to uncertainties, risks and factors
relating to its operations and business environments, all of which
are difficult to predict and many of which are beyond its control,
that could cause its actual results to differ materially from those
matters expressed or implied by these forward looking statements.
These risks include its history of losses and expectation of
further losses, its ability to expand its operations in both new
and existing markets, its ability to develop or acquire new brands,
its relationships with distributors, the success of its marketing
activities, the effect of competition in its industry and economic
and political conditions generally, including the current economic
environment and markets. More information about these and other
factors are described in the reports the Company files with the
Securities and Exchange Commission, including but not limited to
the discussions contained under the caption "Risk Factors." When
considering these forward looking statements, you should keep in
mind the cautionary statements in this press release and the
reports the Company files with the Securities and Exchange
Commission. New risks and uncertainties arise from time to time,
and the Company cannot predict those events or how they may affect
it. The Company assumes no obligation to update any forward looking
statements after the date of this press release as a result of new
information, future events or developments, except as required by
the federal securities laws.
Contacts: For Investors Phil Thomas Long Island Iced Tea Corp.
1-855-542-2832 info@longislandteas.com