PORTLAND, OR--(Marketwired - Jan 23, 2015) - Eastside Distilling, Inc. (OTCQB: ESDI), a producer of award-winning master-crafted spirits, has engaged Liolios Group to lead a new strategic investor relations and financial communications program.
"Eastside is undergoing a major transition from a small, Portland-based distiller of craft spirits to a company seeking to create a nationwide presence," said Eastside Distilling CEO Steven Earles. "Our recent financing allows us to scale up to meet the growing demand for our products, which includes the completion of a new 41,000 sq. ft., state-of-the-art distillery and tasting room on Portland's Distillery Row. It will be the largest craft distillery in the Pacific Northwest, capable of producing up to 1 million cases annually versus our current capacity of 6,400 cases. We are also commencing a new national marketing campaign in partnership with national distributors to bring our regional success to the national stage."
"Given this major inflection point in our development, we believe our shareholders would benefit from an experienced team of financial communication professionals to introduce Eastside Distilling to the investment community," continued Earles. "Liolios Group assists emerging growth companies like Eastside Distilling to enhance shareholder value by delivering the right message to the right audience, and by establishing high-quality, long-term relationships with analysts and other influential members of the financial community."
Over the course of the next several weeks, Liolios Group will work closely with Eastside Distilling management to develop and execute a comprehensive capital markets strategy. Activities will include messaging and corporate positioning, strategic advisory and introductions to new investors and key influencers across the financial community. Liolios Group will also assist in scheduling road shows and financial conferences for management over the next several months.
For additional information about Eastside Distilling, contact Liolios Group at +1 (949) 574-3860 or email ESDI@liolios.com
About Liolios Group
Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in small-cap companies. The firm aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Founded in 1999, Liolios Group executives have extensive experience in finance and investments, and represent clients in a wide range of industries, including technology, digital media, consumer/internet retail, healthcare/life sciences, natural resources and business services. For more information about Liolios Group, please visit www.liolios.com
About Eastside Distilling
Eastside Distilling, Inc. (OTCQB: ESDI) has been producing high-quality, master crafted spirits since 2008 and is located in Southeast Portland's Distillery Row. Makers of award winning spirits, the company is unique in the marketplace and is distinguished by its highly decorated product lineup that includes Burnside Bourbon, Below Deck Rums, Portland Potato Vodka and a distinctive line of infused whiskeys. All Eastside spirits are master crafted from natural ingredients for unparalleled quality and taste. The company is publicly traded under the symbol OTCQB: ESDI. For more information visit: www.eastsidedistilling.com
Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release may include statements related to our strategic focus, product verticals, anticipated revenue and profitability. The Company assumes no obligation to update the cautionary information in this release.