DENVER, CO--(Marketwired - Apr 20, 2017) - New Age Beverages Corporation (
THE DISTRIBUTION EXPANSION
New Age Beverages that over the past nine months completed the mergers of Búcha Live Kombucha, XingTea, Aspen Pure, the Marley Beverage Company, and most recently Coco-Libre less than 30 days ago, previously had a strong presence in Colorado and the Western United States through its own DSD system and key DSD partnerships in surrounding states. Through the recent acquisitions and focusing on national expansion, the Company has closed important gaps to now have penetration across all 50 states and more than 10 countries internationally. That penetration however was typically with one brand where it may have had historical strength like Xing in the West, Marley in the Midwest and Canada, Coco-Libre in the Northeast, or Búcha in California. Now through the amalgamation under the New Age umbrella, the Company has recently been building on those footholds to gain full portfolio penetration with a stronger network of best-in-class distribution partners including:
| DSD Distributor | Affiliation | Location | Brands | |||||
| 1) | Hensley Beverage Co | (AB InBev) | Arizona | Xing, Marley, Búcha | ||||
| 2) | Southwest Beverage | (AB InBev) | Louisiana | Xing, Marley | ||||
| 3) | Bill's Distributing | (AB InBev) | Wisconsin | Xing, Marley, Búcha, Aspen Pure | ||||
| 4) | Lewis Bear Company | (AB InBev) | Florida | Xing, Marley, Búcha, Aspen Pure | ||||
| 5) | Brewers Distributing | (AB InBev) | Illinois | Xing, Marley | ||||
| 6) | Capitol Beverage | (AB InBev) | Minnesota | Xing, Búcha, Aspen Pure | ||||
| 7) | United Distributing | (Independent) | California | |||||
| 8) | Ray's Beverage | (Independent) | California | Xing, Marley | ||||
| 9) | Mahaska Bottling | (Pepsi) | IA, NE, SD, KA | Xing, Marley, Búcha, Aspen Pure | ||||
| 10) | Energy Source Dist. | (Independent) | California | Xing, Marley |
| DSD Distributor | Affiliation | Location | Brands | |||||
| 11) | Haralambos Beverage | (Independent) | California | Xing, Marley | ||||
| 12) | Jim Carey Dist. Co. | (Miller/Coors) | Louisiana | Xing, Aspen Pure | ||||
| 13) | Palmentere Brothers | (Independent) | Missouri | Xing, Búcha | ||||
| 14) | John Lenore & Co | (Independent) | California | Xing, Marley, Búcha, Aspen Pure | ||||
| 15) | Spirit & Sanzone | (Miller/Coors) | New York | Marley, Búcha | ||||
| 16) | Lake Beverage | (AB InBev) | New York | Marley, Búcha | ||||
| 17) | Eagle Beverage | (AB InBev) | New York | Marley | ||||
| 18) | Gasko & Meyer | (Independent) | New York | Búcha | ||||
| 19) | North Atlantic Naturals | (Independent) | MA, NH, MA | Xing, Marley, Búcha | ||||
| 20) | Sharazi Distributing | (Independent) | MA | Búcha |
NEW AGE BEVERAGES CORPORATION EVOLUTION
New Age Beverages Corporation has transformed its business since inception 9 months ago to:
- A leading portfolio of brands competing in the five fastest growing segments in the beverage category averaging ≈10% annual segment growth
- A publicly-traded, NASDAQ-listed firm with world-class institutional investors
- $0 debt, 0 warrants, with excellent working capital for investment behind its brands
- A strong business platform and execution system with an increasingly experienced organization focused on delivering superior, sustainable, profitable organic growth
- Organic double-digit topline growth and triple-digit EBITDA growth with a current annual revenue run rate >$80 million incorporating its new brand acquisitions
Tom LeBon, President of the US Division for New Age Beverages commented, "The building out of our national DSD distribution network is rapidly accelerating now that we have the resources to invest in our brands and have a full portfolio competing in the top five growth categories of beverages. Given the growth rates in beer and other traditional non-alcoholic beverages, distributors and retailers are reaching out to New Age for a one-stop renewed growth solution. We are by no means complete in our network and coverage, but the planned cross-selling of our brands and leveraging of relative regional strengths of individual brands, to now national expansion of the entire portfolio is beginning to accelerate."
About New Age Beverages Corporation (
New Age Beverages Corporation is a Colorado-based, leading all-natural tea and healthy functional beverage company that was founded in 2003. The Company competes in the fast growing healthy functional beverage segments including Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks, Coconut Waters and Functional Waters with the brands XingTea®, Marley One Drop®, Búcha® Live Kombucha, XingEnergy®, Marley Mellow Mood®, Coco-Libre®, and Aspen Pure® PH and Aspen Pure® Probiotic Water. The Company's brands are sold across all 50 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The company operates the websites www.newagebev.us, www.mybucha.com, www.xingtea.com, www.aspenpure.com, www.drinkmarley.com, and www.cocolibre.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statement reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company including statements regarding New Age Beverage's expectation to see continued growth. The forward-looking statements are based on the assumption that operating performance and results will continue in line with historical results. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. New Age Beverages competes in a rapidly growing and transforming industry, and other factors disclosed in the Company's filings with the Securities and Exchange Commission might affect the Company's operations. Unless required by applicable law, New Age Beverages undertakes no obligation to update or revise any forward-looking statements.
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