Long Island Iced Tea Corp. Announces Strategic Partnership Test with Dollar General
August 15 2017 - 8:00AM
Marketwired
Long Island Iced Tea Corp. Announces Strategic Partnership Test
with Dollar General
Long Island Iced Tea(R) Available in 97 Select Locations Across
14 Southeast and Midwest States
HICKSVILLE, NY-(Marketwired - Aug 15, 2017) - Long Island Iced
Tea Corp. (NASDAQ: LTEA) (the "Company"), a growth-oriented company
focused on the non-alcohol ready-to-drink ("NARTD") tea segment in
the beverage industry, today announced that it is currently in the
testing phase of a strategic partnership with Dollar General
Corporation ("Dollar General").
Long Island Iced Tea®, a premium iced tea marketed at an
affordable price, is currently being carried at 97 Dollar General
Market stores located in Alabama, Florida, Georgia, Indiana,
Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Oklahoma,
South Carolina, Tennessee, Virginia and West Virginia. To find your
nearest Dollar General Market location carrying refreshing Long
Island Iced Tea®, please visit www.longislandicedtea.com.
Philip Thomas, Chief Executive Officer of the Company,
commented, "We are excited to be collaborating with Dollar General
on this strategic test and the opportunity to offer our brand to
the Dollar General community. Dollar General is recognized for
providing consumers with quality products at an affordable price
and we look forward to proving our value at this successful
retailer."
Long Island Iced Tea® is available in select Dollar General
Market locations in 18oz single-serve bottles with flavors
including Peach, Green Tea & Honey, Half Tea & Half
Lemonade and Southern Sweet Tea. The Company and Dollar General
began the testing phase in mid-June.
About Dollar General Corporation: Dollar General Corporation has
been delivering value to shoppers for over 75 years. Dollar General
helps shoppers Save time. Save money. Every day!® by offering
products that are frequently used and replenished, such as food,
snacks, health and beauty aids, cleaning supplies, clothing for the
family, housewares and seasonal items at low everyday prices in
convenient neighborhood locations. Dollar General operated 13,601
stores in 44 states as of May 5, 2017. In addition to high quality
private brands, Dollar General sells products from America's
most-trusted brands such as Procter & Gamble, Kimberly-Clark,
Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and
Coca-Cola. Learn more about Dollar General at
www.dollargeneral.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