PORTLAND, OR--(Marketwired - Jul 9, 2015) - Eastside Distilling, Inc. (OTCQB: ESDI), a producer of award-winning master-crafted spirits, has been granted a seller's permit by the New York State Liquor Authority, opening doors to one of the top five liquor consumption states in the U.S. New York also now becomes the eighth state where Eastside is actively distributing, following the entrance of Virginia last month.
New York's official permitting has given the green light to Royal Wine Corp., a major importer and distributor of specialty spirits and liqueurs, to begin distribution of Eastside spirits across the state. Royal has placed an initial order for Eastside's award-winning Burnside Bourbon, with orders for other products in Eastside's full lineup of craft spirits expected to follow.
Burnside Bourbon is a straight bourbon whiskey bottled at 96 proof, giving it "a bit more kick" than other bourbons. While it is great for sipping straight, it also has solid cinnamon and oak flavors making it ideal for mixing cocktails where bourbon is the central focus. It works exceptionally well in a Manhattan, Old Fashioned or Sazerac. The bourbon category has been experiencing tremendous growth nationwide, with sales up 9.6% to $2.7 billion in 2014.
The prestigious Beverage Tasting Institute awarded Burnside Bourbon a Gold Medal along with a 90 point "Exceptional" rating. Burnside also won gold at the 2012 Micro Liquor Spirit Awards. Eastside's other award-winning spirits include its Portland Potato Vodka, Below Deck Spiced Rum and Cherry Bomb Whiskey.
"As one of the top states for liquor consumption, New York represents a major market opportunity for our full line of master crafted spirits," said Eastside Distilling CEO, Steven Earles. "For our rollout to New York, we couldn't have a better distribution partner than Royal, who has been family owned and operated for over 150 years. Their well-established presence in the state should provide us with a number of competitive advantages, including more effective marketing and efficient distribution."
About Royal Wine Corp.
Royal Wine Corp. is a premier manufacturer, importer and distributor of specialty wines, spirits and liqueurs from around the world. The company has been family owned and operated for more than 150 years, with a long tradition of producing award-winning wines. For more information, please visit: www.royalwine.com.
About the New York State Liquor Authority
The New York State Liquor Authority regulates and controls the manufacture, sale and distribution of alcoholic beverages within the state. The Authority issues and renews licenses and permits to manufacturers, distributors, wholesalers and retailers of alcoholic beverages. For more information, visit www.sla.ny.gov.
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 line-up 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 or follow the company on: Twitter & Facebook.
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.