Splash Beverage Group (OTCQB: SBEV), a holding company building a leading portfolio of beverage brands, today announced expansion of its recently signed distribution agreement with China-based American Software Capital (“ASC”) to include its Copa Di Vino and Pulpoloco brands. These are in addition to the previously announced distribution of hydration and recovery brand TapouT Performance and SALT Naturally Flavored Tequila. ASC, a manufacturer and distributor of consumer goods, has robust marketing resources and impactful relationships with chains and outlets throughout Greater China. According to a report from Mersol & Luo, China is the largest market for alcoholic beverages in the world. “While the import and distribution of Splash’s brands address immediate demand in the China market for Western spirits and non-alcoholic beverages, and we expect a near-term contribution to revenues, we are concurrently working with ASC to establish local manufacturing and streamline operations to maximize profitability in the region,” said Robert Nistico, CEO of Splash.
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About Splash Beverage Group Inc.
Splash Beverage Group specializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible preexisting brand awareness or pure category innovation. For more information about the company, 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
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