Splash Beverage Group Drives Rapid Expansion of its Qplash Ecommerce Platform
July 14 2021 - 10:00AM
Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or
the "Company"), a portfolio company of leading beverage brands,
today announced that it has integrated Oracle’s NetSuite software
into its Qplash ecommerce sales and distribution platform to fully
automate its systems from order to shipment.
Qplash, the Company’s B2B and B2C retail
distribution platform, designed for Splash by a team that led
Amazon’s largest grocery and beverage fulfillment group, is focused
on serving business-to-business customers with a range of
non-alcoholic beverages, including Splash’s own TapouT performance
drink, and the Company plans to soon launch direct-to-consumer
sales of Splash’s alcoholic brands through Qplash with instant
coast to coast coverage in the U.S. As of today, 21 states have
passed laws allowing shipments of spirits brands directly to the
consumer, just as wines have been shipped for years. The Company
expects that direct to consumer sales of Splash’s own branded
spirits and non-alcoholic brands will drive gross margin expansion
and a faster rollout to new geographic markets.
Fully integrated IT systems enable efficient
expansion of Qplash into new warehouses that serve regions outside
of the Qplash’s current hubs in California and New York. Qplash
will continue to use third party warehouses that are geographically
optimized to maximize profit margins as the Qplash national rollout
continues.
“We are building out Qplash with best-in-class
systems that enable us to optimize margins and accelerate the
rollout of our current brands both to distributors and direct to
consumers,” stated Splash CEO Robert Nistico. “While continuing to
build partnerships with the largest beverage distributors in the
U.S. and internationally, Splash is pursuing a vertically
integrated business strategy through Qplash to incubate and launch
new brands as well as test marketing them which can build momentum
for future acquisitions. Creating retail demand online, we can then
migrate a growing portfolio of brands from ecommerce to traditional
retail outlets in line with our multichannel strategy.”
Follow Splash Beverage Group on
Twitter: www.twitter.com/SplashBev
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.
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
- $SBEV - Splash Beverage Group Inc
Splash Beverage (AMEX:SBEV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Splash Beverage (AMEX:SBEV)
Historical Stock Chart
From Apr 2023 to Apr 2024