Long Island Iced Tea Corp. Continues International Expansion, Appoints Co-Packing Partner for Australasia & Asia
November 02 2017 - 8:00AM
Long Island Iced Tea Corp. (Nasdaq CM: LTEA) (the “Company”), a
growth oriented company focused on the non-alcohol ready-to-drink
(“NARTD”) tea segment in the beverage industry, today announced a
new co-packing partnership with Tru Blu Beverages (“Tru Blu”), a
Sydney, Australia based beverage manufacturer and marketer.
Philip Thomas, Chief Executive Officer of the
Company, stated, “Tru Blu is a veteran operator in the non-alcohol
beverage space in Australia – with many of their brands operating
in the ‘better-for-you’ segment of the beverage market. We are
privileged to partner with Peter Brooks and the Tru Blu team as we
gear up for Australasian and Asian operations. We were particularly
attracted to Tru Blu’s multi-state manufacturing reach - with
plants in Sydney, Brisbane and Perth facilitating the efficient
shipment of product across Australia’s East Coast, and their Perth
facility allowing easy reach to many Pacific Rim nations.”
Peter Brooks, Tru Blu’s Managing Director,
commented, “We are very excited about partnering with Long Island
Iced Tea Corp. and manufacturing their products. Tru Blu has a
history of manufacturing great products. We are the third largest
manufacturer of non-alcoholic and non-dairy beverages in Australia,
with 1-in-6 non-alcoholic beverages produced by our company, and
more recently have become a contract manufacturer of alcoholic
ready-to-drink ciders and wine-based products.”
Long Island Iced Tea® is an NARTD tea that will
be available in Australia through a distribution arrangement with
Kollaras & Co and in New Zealand via Stellare Limited.
About Tru Blu Beverages
Headquartered in Condell Park in New South
Wales, Tru Blu is one of the largest beverage manufactures in
Australia. It employs 400 individuals nationally and is 100%
Australian owned. Tru Blu’s state-of-the-art factories in three
states and offices in each major capital city means that it has the
manufacturing and distribution facilities to be one of Australia's
foremost beverage manufacturers and marketers. In fact, it is the
third largest non-alcoholic, non-dairy beverage manufacturer in
Australia.
Tru Blu boasts an impressive range of products
covering cordials, soft drinks, sparkling mineral waters and energy
drinks. Its brands include Pub Squash, Waterfords Mineral Water,
Diet Rite and Wicked Energy Drink. As well as non-alcoholic
beverages, Tru Blu also packs alcoholic beverages including its own
brands as well as contract-packed alcoholic products.
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 Investors
Phil Thomas
Long Island Iced Tea Corp.
1-855-542-2832
info@longislandteas.com