HICKSVILLE, NY--(Marketwired - Oct 28, 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 that its beverages will now be available for the first time in Central America through a new partnership in Honduras with Great American Beverage Company ("Great American Beverage") and for the first time in Bermuda through a new partnership with Premier Distributors Ltd. ("Premiere Distributors"). The RTD tea market is expected to grow in Latin America by 5% annually1.
Philip Thomas, Chief Executive Officer of the Company, stated, "We are excited to build these new partnerships and continue the international expansion of our flagship Long Island Iced Tea® brand We are proud to announce our first partnership in Central and South America, with Great American Beverage as a great distributor to enter Honduras. In addition, our new partnership with Premiere Distributors in Bermuda further broadens our international distribution, and compliments distribution positions we have already established in Canada, Korea and a number of the Caribbean nations."
Long Island Iced Tea® is a RTD tea will be available in Honduras and Bermuda in 20oz bottles, with flavors including Lemon, Peach, Raspberry, Mango, Guava, Southern Sweet Tea, Green Tea & Honey, Half Tea & Half Lemonade, Diet Lemon and Diet Peach.
About Great America Beverage Company
Great America Beverage Company seeks to infuse ethics, integrity and creativity into its beverages. Not only does it make and sell beverages created with only the finest ingredients, it also prides itself on a culture of giving back to the community. Great American Beverage believes that much of the suffering in the world is caused by a lack of education, opportunities, and proper healthcare, which is why its Cases for Causes program donates $1 to one of its partner charities for every case sold, helping to build schools and provide books to kids who would otherwise not have access to them. Great American sells its beverages in Miami, Honduras, Costa Rica and Panama. For more information, visit Great American Beverage's website at www.greatamericabeverage.com.
About Premier Distributors Ltd.
Premier Distributors Ltd. was established in 2004 and specializes in importing and distributing beverages throughout Bermuda. It services hotel, restaurant, cafés, bar, retail and private client accounts, and serves as an educational resource for both trade and consumer markets. The portfolio includes beverages imported from around the world, including Argentina, Chile, Portugal, Spain, France, Italy, Australia, New Zealand and the United States, and have been carefully selected for their quality. It distributes beverages including Sagres Beer, VK Coolers, Magners Irish Cider, Luso Waters, Kick Energy Drink, Celsius Beverages and Toselli non-alcoholic wine. Premier Distributors is located in Devonshire, Bermuda. For more information, visit Premiere Distributor's website at www.premierbermuda.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.
Forward Looking Statements
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.
1Euromonitor International "Latin American Consumers Look to RTD Tea as a Healthy Replacement for Carbonates" April 2016