Splash Beverage Group (SBEV) secures the distribution of all its brands in China, the world’s largest market for alcoholic beverages

Copa Di Vino wines and Pupoloco sangria to serve China’s $ 55 billion wine market

Fort Lauderdale, Florida – (Newsfile Corp. – June 7, 2021) – Splash Drinks Group, Inc. (OTCQB: SBEV) (“Splash” or the “Company”), a holding company comprising a portfolio of leading beverage brands, today announced the signing of a distribution agreement with the Chinese company American software capital (“ASC”) was expanded to include its Copa Di Vino and Pulpoloco brands in addition to the former ad distribution of the TapouT Performance and SALT Naturally Flavored Tequila hydration and recovery brands.

ASC is a Chinese manufacturer and distributor of consumer goods with a broad national reach. The company operates a state-of-the-art facility, has strong marketing resources and impactful relationships with chains and outlets throughout Greater China.

China is the world’s largest alcoholic beverage market, according to a report by Mersol & Luo. Foreign alcohol is experiencing significant growth. Sales of imported alcoholic beverages are still concentrated on the coast and large urban areas, but demand in less developed inland regions is on the rise, offering great potential for both established businesses and new entrants.

Copa Di Vino and Pupoloco Sangria will meet the growing demand for wine among a younger generation of Chinese with increasing disposable income. Wine sales in China have been $ 55 billion in 2016.

“As the import and distribution of Splash brands meet the immediate Chinese market demand for Western spirits and soft drinks, and we anticipate a short-term contribution to revenues, we are simultaneously working with ASC to establish local manufacturing and streamline operations to maximize profitability in the region, ”said Robert Nistico, CEO of Splash.

Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev

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About Splash Beverage Group, Inc.

Splash Beverage Group specializes in the manufacture, distribution, sale and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments which they believe maximize efficiency and dilute risk.

SBEV believes its business model is unique as it ONLY develops / accelerates brands that it perceives as having highly visible pre-existing brand awareness or pure category innovation.

Forward-looking statement

This press release includes “forward-looking statements” within the meaning of US federal securities laws. Words such as “expect”, “estimate”, “project”, “budget”, “plan”, “anticipate”, “intend to”, “plan”, “power”, “power”, “Could”, “should,” “believes”, “predicted”, “potential”, “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results and, therefore, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the inability to reach a definitive agreement regarding the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties. when they complete their respective due diligence investigation of each other. Other factors include the possibility that the proposed transaction will not complete, including due to the lack of required securityholder approvals or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are posted.

Contact information:
Splashbeveragegroup.com
[email protected]
954-745-5815

SOURCE: Splash Beverage Group, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86702




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