Long Island Iced Tea Corp. Partners with Costco & Stew
Leonard's for Upcoming Grand Opening Events on Long Island
Partnering with Costco for Oceanside, NY Grand Opening on August
23rd
Partnering with Stew Leonard's for East Meadow, NY Grand Opening
on August 23rd
HICKSVILLE, NY--(Marketwired - Aug 16, 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 partnerships with Costco
Wholesale Corporation ("Costco") and Stew Leonard's for upcoming
grand openings of store locations on Long Island.
The Company will be providing marketing and product support, as
both Costco and Stew Leonard's continue to build their presence on
Long Island, the home of Long Island Iced Tea®.
Philip Thomas, Chief Executive Officer of the Company,
commented, "Our teas and lemonades carry the Long Island name, our
company carries the Long Island name, and is part of the Long
Island community. We are excited for these two fantastic retailers
to be opening new stores in our back yard, and look forward to
partnering with them as they celebrate their expansion on Long
Island."
About Costco Wholesale Corporation:Costco Wholesale Corporation,
together with its subsidiaries, operates membership warehouses. It
offers branded and private-label products in a range of merchandise
categories. The company provides dry and packaged foods, and
groceries; snack foods, candies, alcoholic and nonalcoholic
beverages, and cleaning supplies; appliances, electronics, health
and beauty aids, hardware, and garden and patio; meat, bakery,
deli, and produces; and apparel and small appliances. It also
operates gas stations, pharmacies, optical dispensing centers, food
courts, and hearing-aid centers; and engages in the travel
businesses. In addition, the company provides gold star individual
and business membership services. Costco currently operates 737
warehouses, including 512 in the United States and Puerto Rico, 97
in Canada, 37 in Mexico, 28 in the United Kingdom, 25 in Japan, 13
in Korea, 13 in Taiwan, eight in Australia, two in Spain, one in
Iceland and one in France. Costco also operates electronic commerce
web sites in the U.S., Canada, the United Kingdom, Mexico, Korea
and Taiwan.
About Stew Leonard's:Stew Leonard's began as a small dairy store
founded in 1969 with just seven employees. Today, Stew Leonard's is
still family-owned and operated, but has grown to become a nearly
$400 million business with more than 2,000 employees. The company
has received worldwide acclaim for excellence in customer service
and quality and was selected to FORTUNE magazine's "100 Best
Companies to Work for in America" list for ten consecutive years.
In addition to the headquarters in Norwalk, Connecticut, Stew
Leonard's has stores in Danbury and Newington, Connecticut, Yonkers
and Farmingdale, New York. For more information, please visit
www.stewleonards.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.
Contact Information
Contacts:For InvestorsPhil ThomasLong Island Iced Tea
Corp.1-855-542-2832info@longislandteas.com