Splash Beverage Group Inc. Sets Sail with
U.S. Coast Guard Exchange (CGX) for Distribution and Sales of SALT
Tequila
Fort Lauderdale, FL
-- January 19, 2021 -- InvestorsHub NewsWire
-- Splash Beverage Group, Inc.
(OTCQB:
SBEV) (https://www.SplashBeverageGroup.com)
("The Company",
"SBEV"), a
holding company of leading portfolio of beverage brands,
is honored to
announce that it has been authorized by the U.S. Coast Guard
for distribution of the Company's
SALT Naturally Flavored 100% Agave Tequila in their spirits stores
throughout the Coast Guard Exchange network.
The
Coast Guard
Exchange (CGX) provides quality merchandise and
services to the Coast Guard Family, as well as
authorized patrons, at competitive prices while delivering
outstanding value and customer service.
Authorization has
been granted for all three flavors of SALT Tequila, including
Citrus, Berry and Salted Chocolate, with distribution beginning
in Q2
2021.
"Entry into CGX
Stores is a significant step in positioning us as an industry
leader," states CEO Robert
Nistico. "Distribution here
traditionally signifies access to full military exchange, including
distribution of our products in military stores around the
world. It is our esteemed privilege to work with
CGX. The
military channel is an important segment and we look forward to expanding the
relationship with access to stores for other brands in our beverage
portfolio such as Copa Di Vino and TapouT, which has mass appeal
as a
perfectly balanced, all natural hydration & recovery isotonic
sports drink, with ALL 5 electrolytes."
The military
exchange market is a robust resale market in excess of $13 billion
across an
impactful retail trade including
AAFES (Army Air Force Exchange
Service- Dallas TX), NEXCOM (Navy
Exchange Command- Virginia Beach VA), MCX (Marine
Corps Exchange System-Quantico VA), CGX (Coast
Guard Exchange System-Chesapeake VA), and the VCS (Veterans Canteen
Service- St. Louis MO) serving serves an eligible customer
base of 31 million active-duty military; retirees; National
Guardsmen; Reservists; 100% disabled honorably discharged Veterans;
all other honorably discharged Veterans (online only); authorized
Public Health Service associates; authorized National Oceanic &
Atmospheric Administration associates; Coast Guard & family
members. The Exchange is the 62nd largest retailer in the U.S.,
achieving highly competitive earnings of 5.8% of sales in
2018.
The global
Tequila market is valued at 5053 million USD in 2020 is expected to
reach 6669.9 million USD by the end of 2026, growing at a CAGR of
4.0% during
2021-2026.
The Coast Guard
Exchange
The Mission of the
Coast Guard Exchange is to provide quality merchandise and services
of necessity and convenience to our Coast Guard men and women as
well as authorized patrons at competitive
prices.
The Coast Guard
Exchange (CGX) is one of many support organizations within the
Department of Homeland Security (DHS).
CGX is a military
activity that operates as a business enterprise. Income generated
is used as working capital to maintain CGX locations throughout the
United States and abroad as well as to provide the Coast Guard with
supplemental funding to the Morale, Well-being, and
Recreation (MWR) fund. Because CGX
provides services to its customers in remote areas, some locations
operate with little or no profit as a benefit to military service
members and their families.
SALT Naturally Flavored
Tequila is 100% agave, 80 proof
naturally flavored tequila. SALT Tequila is remarkably smooth with
a clean and delicate taste. Grown, distilled, and bottled in the
region of Jalisco Mexico, each handcrafted bottle of SALT Tequila
is the result of years of hard work, determination and countless
blends until they reached perfection. SALT Tequila offers a variety
of naturally flavored tequilas including Berry, Citrus and Salted
Chocolate.
Follow Splash
Beverage Group on Twitter: www.twitter.com/SplashBev
Learn more about
COPA DI VINO on Facebook: https://www.facebook.com/CopaDiVino/
About Splash Beverage Group,
Inc.:
Splash Beverage
Group specializes in
manufacturing, distribution, sales & marketing of various
beverages across multiple channels. SBEV operates in both the
non-alcoholic and alcoholic
beverage segments which they believe leverages efficiencies and
dilutes risk.
SBEV believes
its business model is unique as it ONLY develops/accelerates brands
it perceives to have highly visible pre-existing brand awareness or
pure category innovation.
About Copa Di
Vino
Copa
Di Vino is the leading producer of premium wine by the glass in the
United States. Founder and owner, James Martin discovered the
concept on a bullet train adventure through the south of France. A
year later he brought the technology to his hometown of The
Dalles,
Oregon located in the majestic Columbia River Gorge. His passion
for wine led to Copa Di Vino - wine in a glass - a ready to drink
wine glass that could go anywhere without the need for a
bottle, corkscrew,
or
glass. Just open and enjoy! Wine is no longer trapped in the
bottle!
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 inability to enter into a
definitive agreement with respect to the proposed transaction or to
complete the transactions contemplated by the non-binding term
sheet, matters discovered by the parties as they complete their
respective due diligence investigation of the other. Other factors
include the possibility that the proposed transaction does not
close, including due to the failure to receive required security
holder approvals, or the failure of other closing conditions. The
foregoing list of factors is not exclusive. Readers are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date made.
Contact
Information:
Splashbeveragegroup.com
info@splashbeveragegroup.com
954-745-5815
SOURCE: Splash
Beverage Group, Inc.