HICKSVILLE, NY--(Marketwired - Nov 22, 2016) - Long Island Iced Tea Corp. (NASDAQ: LTEA) (the "Company"), a growth-oriented company focused on the ready-to-drink ("RTD") tea segment in the beverage industry, today announced new partnerships with Southeast Beverage Distributing ("Southeast Beverage") and Milestone Beverage, LLC ("Milestone Beverage") to distribute its beverages in North Carolina and South Carolina.
Southeast Beverage and Milestone Beverage service over 1,500 customers in Charlotte, North Carolina as well as Charleston and Columbia in South Carolina.
Philip Thomas, Chief Executive Officer of the Company, stated, "We are excited to begin these new partnerships as we continue to broaden our presence in the Southeast. Both Southeast Beverage and Milestone Beverage provide a great opportunity to further expand into the Southeast, reinforcing the validity of our strategy to progress from distributors to regional chains to national chains."
About Southeast Beverage Distributing
Southeast Beverage began in 2008 with a single owner/operator and has grown into a company that employees a staff of 21, with multiple distribution centers in North and South Carolina. It is partnered with national chains and independent suppliers, and has over 500 company owned cooler placements in the market in over 1,500 retail accounts. Chain customers include Kroger, Wal-Mart, 7-Eleven and QuikTrip. The portfolio of beverages includes juice, energy drinks, carbonated soft drinks, iced teas, sparkling waters, alkaline waters, recovery drinks, sports drinks, mixers, wine and craft beer. To learn more about Southeast Beverage, visit www.se-bev.com.
About Milestone Beverage, LLC
Founded by Tyler Miles and headquartered in Lexington, South Carolina, Milestone Beverage is an alcohol and non-alcohol beverage distributor in North and South Carolina. To learn more about Milestone Beverage, visit www.milestonebeverage.com.
About Long Island Iced Tea Corp.
Headquartered in Long Island, New York, Long Island Iced Tea Corp. operates in the ready-to-drink tea segment of the beverage industry. The Company has developed non-alcoholic, premium iced tea bottled beverages made with quality ingredients that are offered at an affordable price. The Company is currently organized around its flagship brand Long Island Iced Tea®, a premium, ready-to-drink iced tea sold primarily on the East Coast of the United States through a network of regional chains and distributors. The Company's website is www.longislandicedtea.com.
This press release includes statements of the Company's expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company's business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions. These forward-looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward-looking statements. These risks include its history of losses and expectation of further losses, its ability to expand its operations in both new and existing markets, its ability to develop or acquire new brands, its relationships with distributors, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption "Risk Factors." When considering these forward-looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward-looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.