Splash Beverage Group (NYSE American: SBEV), a portfolio company of successful beverage brands, today issued an update on its positioning for surging growth. The update indicates that, while the company may be under the radar to some, beverage industry competitors are taking notice, particularly after SBEV’s entry into a potentially transformative distribution deal in China earlier this month. The deal added to six other significant agreements already in place with their combined power enough to drive substantial growth in the back half of this year. “However, with SBEV in a state of hyper-growth, expect much more,” the update reads, further elaborating on the expertise of the SBEV management team. Some of its members are responsible for helping take Red Bull energy drink from zero to billions in sales, and recently the group has been successful in closing several distribution deals, uplisting to the NYSE-American, raising $24 million since February, as well as eliminating all convertible debt from the company’s balance sheet. “And while those events indeed put SBEV in its best operating position in history, no one at the company is shying away from having bullish ambitions. In fact, while its deal with China-based American Software Capital (‘ASC’) alone opens up an estimated $69 billion market opportunity, its growth in the U.S. markets is positioning the company to take advantage of the billions available here. Better still, SBEV isn’t getting just one of its best-in-class products signed to distribution deals; they are getting all of them signed, bringing enormous revenue-generating potential from worldwide markets.”
To view the full press release, visit https://ibn.fm/ZagSM
About Splash Beverage Group Inc.
Splash Beverage Group specializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it only develops/accelerates brands it perceives to have highly visible preexisting brand awareness or pure category innovation. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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