DENVER, CO / ACCESSWIRE / August 22, 2016 / New Age Beverages Corporation (OTC: NBEV) (formerly ABRW) the Colorado-based owner of the XingTea®, XingEnergy®, Aspen Pure®, and the Búcha® Live Kombucha brands today announced that they will hold an investor conference call to discuss the Company's quarterly and 1st half results, commercial and integration progress.
The Company will hold an investor conference call on Wednesday, August 24th, at 12:00 PM EST. Interested investors can listen to the call and participate in a question and answer session by dialing into the conference line at:
Conference ID: Q2.
New Age Beverages Corporation was formed on June 30th 2016 when Búcha, Inc. acquired the assets and XingTea®, AspenPure®, and New Age Beverages LLC. One of the major planned benefits of the acquisition was a range of cost and revenue synergies totaling more than $7.5 million. In cost synergies the group is targeting cost of goods sold, shipping, operating expense and other savings. In revenue synergies, the Company is looking to leverage its existing customer relationships, and utilize existing distribution relationships with its own DSD operations and its network of DSD providers across the United States.
About New Age Beverages Corporation (nBev)
New Age Beverage Corporation is a Colorado-based, healthy functional beverage company originally founded in 2003 and re-created via the combination of XingTea®, Aspen Pure® Artesian Water, Búcha® Live Kombucha, and New Age Beverages in June 2016. The Company trades under the newly issued symbol nBev (formerly ABRW) on the OTC exchange. The Company competes in the fast growing healthy functional beverage segments including Ready to Drink (RTD) Tea, Kombucha, Energy Drinks and Functional Waters with the Brands XingTea®, Búcha® Live Kombucha, XingEnergy®, and Aspen Pure®. The brands are sold in 46 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The company operates the websites www.mybucha.com, www.xingtea.com, www.aspenpure.com.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statement reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of the Company including statements regarding New Age Beverage's expectation to see continued growth. The forward-looking statements are based on the assumption that operating performance and results will continue in line with historical results. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. New Age Beverages competes in a rapidly growing and transforming industry, and other factors disclosed in the Company's filings with the Securities and Exchange Commission might affect the Company's operations. Unless required by applicable law, nBev undertakes no obligation to update or revise any forward-looking statements.
For investor inquiries about New Age Beverages Corporation please contact:
SOURCE: New Age Beverages Corporation