PORTLAND, OR--(Marketwired - Jul 21, 2016) - Eastside Distilling, Inc. (OTCQB: ESDI), a Portland, Oregon-based producer of award-winning master-crafted spirits, has engaged Lytham Partners as its investor relations consulting firm.
Steven Earles, president and CEO of Eastside Distilling, commented: "Over the course of the last year, Eastside has achieved a number of major milestones as we've brought our legacy success and brand loyalty in the Pacific Northwest to stores and venues across the country. Supported by several of the nation's top spirits distributors, we've expanded sales from five to 20 states, successfully rolled out an award-winning line of two new American whiskeys, and nearly doubled our quarterly case volume. Our strong progress has attracted major new investors, which in turn has provided us the means to accelerate our growth and expansion in the second half of the year."
"Having now arrived at this pivotal stage in our development, we believe our shareholders would benefit from an experienced team of professionals to support our investor relations efforts and reintroduce Eastside Distilling to the investment community," continued Mr. Earles. "We believe that Lytham Partners brings a proactive and strategic approach to increasing the visibility of emerging growth companies like Eastside, and helping them establish valuable relationships with key members of the financial community."
Robert Blum of Lytham Partners, commented: "Like with the craft beer space, the craft spirits category has been expanding, driven by consumer desire for new taste experiences, especially by Millennials. In fact, according to the American Distilling Institute, craft producers' market share of the $24.1 billion spirits industry has doubled over the past two years, with sales growing by 30 percent. Given Eastside's full line up of award winning spirits, expanding national distribution network, and a new production facility, we believe Eastside is well positioned to benefit from these strong market trends."
About Lytham Partners, LLC
Lytham Partners, LLC provides expertise and guidance to small-capitalization companies in the healthcare, technology, services, agricultural, industrial, aerospace and defense segments, as well as the consumer and capital goods industries. The firm is dedicated to generating substantive communications programs with an emphasis on developing management credibility via data, clear articulation of achievable strategic plans, and timely interaction with investors. For more information visit our website at www.lythampartners.com.
About Eastside Distilling
Eastside Distilling, Inc. (OTCQB: ESDI) is located in Southeast Portland's Distillery Row, and has been producing high-quality, master crafted spirits since 2008. Makers of award winning spirits, the company is unique in the marketplace and distinguished by its highly decorated product lineup that includes Barrel Hitch American Whiskies, 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 and Facebook.
Important Cautions Regarding Forward-Looking Statements
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.