InvestorNewsBreaks – Splash Beverage Group Inc. (NYSE American: SBEV) Finalizes Distribution Agreements in Nevada, Maryland for SALT Tequila Brand

Sep 13, 2022

Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, is continuing its focus on the national expansion of its SALT Tequila offering; the company announced that it has finalized full distribution agreements throughout the states of Nevada and Maryland. SBEV will be working with Central Distributors of Las Vegas for distribution in Nevada and both Carey Distributors and Wantz Distributors in Maryland; the company previously announced a distribution agreement with Buck Distributing, another Maryland distributor as well. “We’re honored to partner with these top-tier distribution companies as consumer demand for SALT Tequila continues to grow along with the entire tequila segment nationally,” said Splash Beverage chair and CEO Robert Nistico in the press release. “We believe SALT is positioned very well to capitalize on this demand; flavored spirits, 100% agave tequilas and the overall tequila segment are key drivers in the spirits segment in the U.S. The agreement with Central Distributors of Las Vegas provides us with terrific opportunity in the Las Vegas and Reno markets. ‘Vegas-born’ Central Distributors is a family-owned wholesaler distributing a diverse portfolio of premium beverages, and we’re proud to have SALT added to their stable. Similarly, our agreements with Carey Distributors, Wantz Distributors, along with Buck Distributing gives us coverage in the entire state of Maryland with distributors carrying top-tier brands, including Anheuser-Busch and Miller Coors.”

To view the full press release, visit https://ibn.fm/9ofjW

About Splash Beverage Group Inc.

Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and nonalcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drinks. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and has led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, please visit www.SplashBeverageGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

WNBA offseason begins with search for first commissioner

UNCASVILLE, Connecticut — With Golden State the newly crowned WNBA champion, the league turns its attention to a pivotal offseason. Unlike last year when a new collective bargaining agreement dominated the offseason, the top priority is finding new leadership. Outgoing Commissioner Cathy Engelbert, who has been in the position nearly seven years, announced last month that she was retiring at the end of the calendar with year. A search has begun and the next commissiner will inherit a host of issues, including officiating, the transgender debate scheduling and improving a strained relationship with players. Here's a look at some of the main topics that will be center stage over the next few months before the season tips off again next May with a 50-game schedule: Improving relationship with players The league thrived in many ways during Engelbert's tenure. Under her leadership, the WNBA enjoyed record growth and popularity, and signed a record-breaking broadcasting deal. Players surpassed million-dollar annual salaries. But despite her accomplishments, Engelbert's relationship with players cordial at best, confrontational at other times. Breanna Stewart may have summed it up best when said that players “respect” Engelbert. Building a stronger relationship with players will likely be one of the first things on the new commissioner's to-do list. Officiating improvements Complaints about officiating felt like it reached a crescendo this season. The WNBA is taking various steps to address the situation. The league is opening a the new officiating replay center. The WNBA, along with the NBA, completed a multi-million dollar renovation in New Jersey to the official replay center. It will be fully operational next season. The WNBA is working to upgrade techonology and video infrastructure at arenas to help the process. There were improvements this year after a rough start to the season where teams struggled to adjust to the emphasis on players' freedom of movement. The league put together a task force, which Minnesota coach Cheryl Reeve is on, in the offseason to help clean up some of the physicality in the game. The main point of emphasis was to help players’ freedom of movement. Despite some hiccups early on, it has led to more offense as teams are averaging around 86 points a game — the highest ever. Scheduling challenges WNBA teams will play a record 50 games next season. It helps that there's no break for either the women's FIBA World Cup or the Olympics. Still the playoffs could once again go into the start of the NBA season. Nearly every team will be playing in an NBA arena next season with a few exceptions. To avoid a repeat of this year where Game 6 of the WNBA Finals was played at 12:30 p.m. EDT because of arena availability, the teams need to lock in potential playoff dates way ahead of time. Transgender debate The WNBA has criticized those trying to create a narrative about transgender women playing in the league. “There are no immediate eligibility matters affecting the WNBA, and we strongly denounce the bad-faith efforts to use these topics to demean or marginalize others,” a league spokesperson said in August after an anti-hate task force met virtually and discussed a variety of topics, including social media vitriol and transgender athletes. The league’s collective bargaining agreement states that “only players who are women are eligible to play in the WNBA,” but it does not include any more specific language about gender identity or sex assigned at birth. Two former NBA players, Enes Kanter Freedom and Royce White, declared themselves eligible for the WNBA draft, saying they identify as women. The league has said they aren't eligible. Welcome back Houston Comets The Connecticut Sun will relocate to Houston as the Comets will return after folding in 2008. The Sun were bought by the Houston Rockets ownership group led by Tilman Fertitta for $300 million. The Comets will begin play next season and are tied with Toronto for the best chance to win the WNBA draft lottery that will be held on Nov. 15. While the Sun relocated to Houston, there will be no expansion teams entering the league next year. Cleveland will enter in 2028, Detroit in 2029 and Philadelphia in 2030.