SOURCE: Long Island Iced Tea Corp.

Long Island Iced Tea Corp.

July 12, 2017 08:00 ET

Long Island Iced Tea Corp. Continues Northeast Expansion, Announces New and Expanded Local Partnerships

Expands Long Island Iced Tea® into Target, Stew Leonard's, City Fresh Market, Cherry Valley Marketplace and Fairway Market

HICKSVILLE, NY--(Marketwired - Jul 12, 2017) - Long Island Iced Tea Corp. (NASDAQ: LTEA) (the "Company"), a growth-oriented company focused on the non-alcohol ready-to-drink ("NARTD") tea segment in the beverage industry, today announced new and expanded partnerships in the New York Metro area with Target, Stew Leonard's, City Fresh Market, Cherry Valley Marketplace and Fairway Market.

Long Island Iced Tea® will now be available in:

  • 13 initial Target locations in Long Island and New York City (18oz bottles)
  • Stew Leonard's in Farmingdale, New York (18oz bottles)
  • All 24 City Fresh Market and Cherry Valley Marketplace locations (18oz and gallon bottles)
  • All 15 Fairway Market locations (18oz and gallon bottles, demand driven expansion from 18oz bottles only)

Philip Thomas, Chief Executive Officer of the Company, commented, "We are excited to be announcing these new and expanded partnerships, demonstrating our continued growth within our existing geographic footprint, as well as into new territories. Our brand has its roots in the Northeast and these partnerships will further strengthen our presence across this market."

About Target:
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,803 stores and at www.target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit www.target.com/pressroom. For a behind-the-scenes look at Target, visit www.target.com/abullseyeview or follow @TargetNews on Twitter.

About Stew Leonard's:
Stew Leonard's began as a small dairy store founded in 1969 with just seven employees. Today, Stew Leonard's is still family-owned and operated, but has grown to become a nearly $400 million business with more than 2,000 employees. The company has received worldwide acclaim for excellence in customer service and quality and was selected to FORTUNE magazine's "100 Best Companies to Work for in America" list for ten consecutive years. In addition to the headquarters in Norwalk, Connecticut, Stew Leonard's has stores in Danbury and Newington, Connecticut, Yonkers and Farmingdale, New York.

About City Fresh Market:
City Fresh Market can proudly claim to be a supermarket. It offers more than just the basics of what customers would expect to find at a grocery store. Beyond the standard departments every shopper needs, it also offers ways to shop organic, for prepared meals and salads, easy meals, daily specials and so much more. At the end of the day City Fresh Market strives to make it simple as could be to take care of what its customers need. Employees are trained to help answer any questions customers may have regarding products. The company's goal is to provide customers with the highest quality food, helpful employees and a pledge to stand behind every sale.

About Fairway Market:
Fairway Market is a growth-oriented food retailer offering customers a differentiated one-stop shopping experience "Like No Other Market". Fairway has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural and organic products, prepared foods and hard-to-find specialty and gourmet offerings, along with a full assortment of conventional groceries. Fairway is headquartered in New York, NY. Customers can visit one of Fairway Market's 15 stores in New York, New Jersey and Connecticut or Manhattan residents can shop online at shop.fairwaymarket.com. For general information, please visit www.fairwaymarket.com.

About Long Island Iced Tea Corp.
Headquartered in Long Island, NY, Long Island Iced Tea Corp. operates in the non-alcohol ready-to-drink segment of the beverage industry. The Company's flagship brand 'The Original Long Island Brand Iced Tea®', together with 'The Original Long Island Brand Lemonade™' are marketed as premium beverages made with non-GMO ingredients. The company also imports and markets 'ALO Juice®' a functional Aloe Vera based beverage. The Company's portfolio of premium brands sits within the 'better-for-you' category of the beverage industry, and are offered to consumers at an affordable price, reflecting the Company's mission. Its beverages are sold primarily through a network of regional chains and distributors primarily on the East Coast and the Midwest of the United States, as well as Canada and Latin America. 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.

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