Long Island Iced Tea Corp. Expands Distribution through C&S Wholesale Grocers Partnership
May 02 2017 - 9:35AM
Marketwired
Long Island Iced Tea Corp. Expands Distribution through C&S
Wholesale Grocers Partnership
- C&S is the Largest Wholesale Grocery Supply Company in the
U.S. -
Hicksville (Long Island), NY (May 2, 2017) — Long Island Iced
Tea Corp. (NasdaqCM: LTEA) (the "Company"), a growth-oriented
company focused on the non-alcohol ready-to-drink ("NARTD") segment
in the beverage industry, today announced that its flagship brand
Long Island Iced Tea® will now be distributed through C&S
Wholesale Grocers, Inc. ("C&S"), which is the largest wholesale
grocery supply distributor in the United States.
C&S currently serves approximately 6,500 stores from more
than 50 locations in 15 states. Among its customers are many of
America's best known companies, including Stop & Shop, Giant of
Carlisle, Giant of Landover, BI-LO/Winn-Dixie, Safeway, and Target.
C&S is one of the largest privately held companies in the U.S.,
with fiscal 2015 net sales of approximately $30 billion.
Philip Thomas, Chief Executive Officer of the Company, stated,
"We are thrilled to begin this new partnership with C&S, a
premier national distributor with a vast network that will enable
us to continue our growth in new and existing markets. C&S is
the largest wholesale grocery supply distributor in America, and
partnering with them demonstrates the attractive value proposition
of Long Island Iced Tea®, a premium iced tea positioned at an
affordable."
Long Island Iced Tea® is a NARTD tea available through C&S
in gallon bottles.
About C&S Wholesale Grocers:C&S Wholesale Grocers, Inc.
is the largest wholesale grocery distributor in the United States,
based on revenue. Its net sales, together the with net sales of
affiliated companies, were approximately $30 billion in fiscal
2015, making it the tenth largest privately held company in the
United States, as ranked by Forbes magazine.
Founded in 1918, C&S provides grocery wholesaling and
distribution services to the retail grocery industry. From its
distribution centers located in the Northeast, mid-Atlantic,
Southeast, Southwest, West Coast, and Hawaii, C&S delivers food
and non-food products to approximately 6,500 grocery stores across
the United States. Through its subsidiaries and affiliates, C&S
also provides third-party logistics solutions to large food
manufacturers, operates retail grocery stores, licenses certain
trademarks for use in the retail grocery business and develops
technologies for use in automated warehouses.
To learn more about C&S, visit www.cswg.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 LemonadeTM' 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 InvestorsPhil ThomasLong Island Iced Tea
Corp.1-855-542-2832info@longislandteas.com