Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today issued a letter to shareholders from its CEO and Chairman Robert Nistico. In the letter, Nistico provides a preview of the first quarter of 2023 and various corporate updates, including details regarding chain execution and the company’s authorization in more than a dozen national and retail chains in the last six months, the company’s establishment of its vertical distribution network, meaningful traction Splash has made in the on-premises segment (bar, restaurant, hotel), as well as the company’s positioning for continued growth. “We are building a business that is serving a large and growing market, offering unique and compelling products, while we remain laser focused on day-to-day execution and reaching profitability. We are always keeping an eye on the broader market and analyzing all the trends we see developing,” Nistico states in the update. “We are committed to remaining flexible and agile so that we can respond to opportunities that present themselves. We would like to thank all our shareholders and supporters. We appreciate the confidence you have shown in us to date, and we look forward to earning your continued support.”
To view the full press release, visit https://ibn.fm/L0nil
About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. 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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