New Age Beverages Corporation
Under the Symbol:
New Age Beverages Corporation Announces Expansion of Odyssey Beerwerks in its DSD Division
Tuesday, August 1, 2017 9:00 AM
- Odyssey Beerwerks markets a variety of award-winning craft beers across 6 core flavors and 6 different speciality brews throughout the year
- New Age Beverages expanding their alcoholic beverage distribution through their DSD network, filling the void of other major brewing companies and distributors
DENVER, CO / ACCESSWIRE / August 1, 2017 / New Age Beverages Corporation (NASDAQ: NBEV) the Colorado-based Company that markets the brands Coco-Libre®, XingTea®, XingEnergy®, Aspen Pure® PH and Aspen Pure® Probiotic Water, Búcha® Live Kombucha, Marley One Drop® Coffee, and Marley Mellow Mood® Relaxation Drinks, today announced a new distribution partnership with Odyssey Beerwerks, one of the emerging leaders in the craft beer industry.
Odyssey Beerwerks, located in Arvada, Colorado was co-founded by Christopher and Deana Hill in 2013 and has been making award-winning craft beers ever since. While collecting numerous regional awards over the years, two of their craft beers have recently garnered international recognition, with Odyssey's Clan Warrior Scotch Ale collecting Gold at several competitions, including the prestigious World Beer Cup, and Heliocentric Hefeweizen earning a Silver medal in the most recent LA International competition. Odyssey offers six craft brews available year-round while rotating through many seasonal and specialty brews, all brewed just outside of Denver.
Christopher Hill, President and Chief Beer Peddler at Odyssey Beerwerks commented, "We wanted to align with someone who could not only get our beer into the hands of more people, but with an organization that believes in our product, and shares our commitment to quality and customer service (and likes to have fun!). Partnering with New Age, a team that shares our passion enables us to broaden the reach of Odyssey's award winning portfolio. Choosing New Age as our distribution partner was an easy decision, given their common commitment to quality, tremendous reach, and service in the market. We are excited to build Odyssey Beerwerks together with them."
New Age Beverages DSD Division is one of the largest independent distributors in the United States and services almost 6,000 outlets in Colorado and surrounding markets. It has been rapidly growing as it expands its non-alcoholic, alcoholic, and snacks portfolio both in market penetration and in-store merchandising capability. The group manages more than 60 different brands from 60 different companies spanning more than 600 SKU's.
Josh Hillegass, President of the DSD Division for New Age Beverages commented, "Our division continues to grow well and contribute to New Age's overall strength as we expand our snack, non-alcoholic, and alcoholic beverage portfolio. Our operational performance over the past quarter has been our best in history with sales of over 265,000 cases in June alone. The addition of Odyssey Beerwerks to the portfolio has been a great addition as we expand on premise sales and our overall alcoholic beverage distribution footprint. Odyssey brings award-winning, highly sought-after craft beers that complement our emerging beer portfolio perfectly. Initial feedback and results have been extraordinary, and we couldn't be more thrilled with the partnership."
About New Age Beverages Corporation (NASDAQ: NBEV)
New Age Beverages Corporation is a Colorado-based, leading all-natural tea and healthy functional beverage company that was founded in 2003. The Company competes in the fast-growing healthy functional beverage segments including Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks, Coconut Waters and Functional Waters with the brands XingTea®, Marley One Drop®, Búcha® Live Kombucha, XingEnergy®, Marley Mellow Mood®, Coco-Libre®, and Aspen Pure® PH and Aspen Pure® Probiotic Water. The Company's brands are sold across all 50 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.newagebev.us, www.newagehealth.us, www.mybucha.com, www.xingtea.com, www.aspenpure.com, www.drinkmarley.com, and www.cocolibre.com.
About Odyssey Beerwerks
Founded in 2013, Odyssey Beerwerks is an Arvada, Colorado-based craft brewery known for its wide variety of award-winning craft beers, available throughout Colorado both on draft and in cans. Customers can expect to find a new adventure in every glass. The brewery has won numerous industry awards, including World Beer Cup '16 Gold Medal. For more information visit www.odysseybeerwerks.com and follow on Facebook, Twitter, and Instagram.
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, New Age Beverages undertakes no obligation to update or revise any forward-looking statements.
For investor inquiries about New Age Beverages Corporation please contact:
Amato and Partners, LLC
Investor Relations Counsel
We no longer brew Perpetual Darkness, and haven't for several years.
SOURCE: New Age Beverages Corporation