SOURCE: Eastside Distilling Inc.

Eastside Distilling Inc.

January 13, 2015 09:15 ET

Eastside Distilling Rings in 2015 With Record Holiday Sales

Eastside Holiday Shopping Season Sales up More Than 250 % Over Prior Year, Driven by Successful Launch of New Retail Store Concept

PORTLAND, OR--(Marketwired - Jan 13, 2015) - Eastside Distilling, Inc. (OTCQB: ESDI), an innovative and fast-growing premium producer of master crafted spirits, reported a more than 250% increase in distribution and direct sales during the recent holiday season, as compared to the holiday season for 2013.

From November to December, the company shipped more than 2,800 cases of spirits produced and bottled at its facility in southeast Portland to destinations within Oregon and across several states.

The shipments included its flagship products, Burnside Bourbon, Cherry Bomb Whiskey, Portland Potato Vodka and Below Deck Coffee Rum, as well as seasonally produced favorites, Holiday Spiced Liqueur, Egg Nog "Advocaat" Liqueur, and Eastside's newly crafted Peppermint Bark Liqueur. The record holiday shipments generated gross revenues of in excess of $550,000.

The company attributes its record sales numbers to strong customer traffic at its retail locations in the Greater Portland area, and particularly at its new tasting room concept at the Clackamas Town Center Mall.

"We welcomed hundreds of new retail customers this holiday shopping season, wrapping up the best year ever for Eastside Distilling," said Steven Earles, the company's CEO. "Our new mall locations proved that our spirit tasting concept creates a more engaging customer experience, and this results in higher volume of sales per customer than you'd find in a traditional retail liquor store."

Eastside's innovative mall concept store was built upon the success of the company's flagship distillery and tasting room located on Portland's historic Distillery Row, where customers can tour the distillery and then sample spirits in the tasting room.

Since early November 2014, the company has been piloting a new retail mall concept for selling handcrafted spirits, starting with kiosks at local malls and leading up to the grand opening of its Clackamas Town Center store in December.

"Despite being open only a short time, our new Clackamas Mall location generated tremendous sales, directly to our customers, during the holidays," said Earles. "As Portland's first retail tasting room for spirits in a mall location, shoppers were able to experience firsthand this new concept store where they can browse, sample, and purchase our award winning spirits."

"This level of customer interaction is important to Eastside because of the unique tasting experience it creates and sampling our master crafted spirits inevitably leads to amazed customers," said Earles. "All-in-all, we see 2015 shaping up to be another great year for Eastside Distilling."

About Eastside Distilling
Eastside Distilling, Inc. (OTCQB: ESDI) has been producing high-quality, handcrafted 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 Rum, 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.

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.

Contact Information

  • Company Contact:
    Eastside Distilling, Inc.
    Julie Bohn
    Executive Assistant to the CEO
    Tel 503-926-7060
    Email Contact

    Investor Relations:
    Liolios Group, Inc.
    Chris Tyson
    Tel 949-574-3860
    Email Contact

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