- Represents the 4th Banner Expansion within the >2,778 Store Kroger Group
- Includes Distribution to Eight New States for Búcha® Live Kombucha
TORRANCE, CA / ACCESSWIRE / June 16, 2016 / Búcha, Inc. (formerly American Brewing) (OTC: ABRW), the California-based owner of the Búcha® Live Kombucha brand today announced that it has expanded its distribution with Smith's Food and Drug in their eight state market area across Utah, Nevada, New Mexico, Idaho, Montana, Wyoming, Arizona, and Tennessee. The expansion chain-wide represents the fourth major banner expansion within the Kroger Company that recently posted sales of $109.8 Billion across 2,778 grocery stores and 784 convenience stores.
The new distribution with Salt Lake City based Smith's includes some of Búcha® Live Kombucha's leading flavors including Raspberry Pomegranate, Yuzu Lemon, Grapefruit Sage, Blood Orange, and Guava Mango. The products are 100% organic and all have an industry leading 9 months of shelf life emanating from Búcha's proprietary production process. Founded in 1911 in Utah, Smith's merged with Fred Meyer in 1997 and was acquired by Kroger in 1999. Smith's will be rolling out the Búcha® Live Kombucha brand in time for the peak summer season, in complement sales already happening in other Kroger banners including Ralphs, Fry's and Kroger stores in various regions of the country.
The Búcha® Live Kombucha brand has recently been expanding distribution nationally and leading the growth of the overall Kombucha category, one of the fastest growing beverage segments worldwide. A key reason behind Búcha's success is its trending and mainstream appealing flavors, recently ranked superior in taste by 43% vs. major competitors. The Hartman group also recently ranked the Búcha® Live Kombucha brand as a breakout brand for 2016.
Búcha® Inc. recently signed a definitive agreement to purchase the $50 million plus New Age Beverages Group, including their XingTea® brand in the RTD Tea category, the new XingEnergy® in Energy Drinks, and Aspen Pure® in Functional Waters. The transaction is expected to close on or about June 30th, after which the company will be renamed The New Age Beverages Corporation.
Brent Willis, Chief Executive of Búcha® Inc. commented, "Smith's is a strong leader in its market areas, is a new flagship account for us, and a world class retailer. We are very pleased and appreciative to be part of their offerings, and will work diligently to drive category sales and profits for them. Smith's provides us excellent penetration to eight new states that will enable more consumers to choose healthier and organic beverages, that just happen to also taste great."
About Búcha, Inc. (OTC: ABRW)
Based in Torrance, California, Búcha, Inc. was created in May 2016. It was originally founded as two separate companies in 2010, American Brewing and B&R Liquid Adventure. In 2014 American Brewing became a public company trading under the symbol ABRW, and in 2015, the Company acquired 100% of the assets of Búcha® Live Kombucha from B&R. American Brewing then sold their brewing assets to focus on the new business. The Company is the owner of the Búcha® Live Kombucha brand, one of the fastest growing and leading brands in the rapidly growing Kombucha (fermented tea) category. Immediately following its recently announced acquisition of the New Age Beverages Group, the Company will be renamed The New Age Beverage Corporation and will be relocated to Denver. The Company's websites are www.mybucha.com, www.xingtea.com, and 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 American Brewing'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. American Brewing 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, ABRW undertakes no obligation to update or revise any forward-looking statements.
For investor inquiries please contact:
Name: Julie Anderson
Phone: (408) 605-9449
Email: [email protected]
SOURCE: Búcha, Inc.