HICKSVILLE, NY--(Marketwired - Oct 24, 2016) - Long Island Iced Tea Corp. (
Philip Thomas, Chief Executive Officer of the Company, stated, "We are thrilled to begin this new partnership with ACME as we continue to solidify our brand in the Northeast. ACME is a premier supermarket chain and we believe its network will help us to broaden our distribution in the region, reinforcing the validity of our strategy to progress from distributors to regional chains to national chains. Our brand has its roots in the Northeast and this partnership will further strengthen our presence across this market."
This is the Company's first foray into ACME locations. Long Island Iced Tea ® is a RTD tea now available at ACME in gallon bottles, with flavors including Lemon, Peach and Southern Sweet Tea.
About ACME Markets Inc.
Founded in South Philadelphia in 1891 by Samuel Robinson and Robert Crawford, ACME is a regional grocery chain that emphasizes quality products, low prices, and friendly service. In 2013, AB Acquisition LLC acquired ACME from SUPERVALU, a transaction that brought all Albertsons stores under singular ownership again. Today, ACME operates 179 stores throughout Philadelphia, PA, New Jersey, Delaware and Maryland, which is part of a 2,200+ store operation that employs approximately 265,000 people nationwide. For more information, visit ACME Markets' website at www.acmemarkets.com .
About Albertsons LLC
Founded and based in Boise, Idaho, Albertsons is the second largest supermarket chain in North America with 2,200 stores and approximately 265,000 employees. It combines a strong local presence and with the benefits of national scale. Albertsons operates stores across 33 states and the District of Columbia under 18 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs. It is owned and operated by Cerberus Capital Management. For more information, visit Albertsons' website at www.albertsons.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.
Contacts: For Investors Phil Thomas Long Island Iced Tea Corp. 1-855-542-2832 info@longislandteas.com
