Oak Beverages to distribute ALO Juice
– First New Distributorship for ALO Juice® Following its Announced Acquisition –
Hicksville, NY (December 19, 2016) — Long Island Iced Tea Corp. (NasdaqCM: LTEA) (the “Company”), a growth-oriented company focused on the ready-to-drink (“RTD”) tea segment in the beverage industry, today announced that Oak Beverages Inc. (“Oak Beverages”) has agreed to distribute ALO Juice® which the Company recently agreed to acquire. This is the first new distributorship for the ALO Juice® brand since the announced acquisition by the Company on December 9, 2016.
Oak Beverages is a distributor that services the 5 boroughs of New York City, Westchester, Putnam, Dutchess, Rockland, Sullivan, Orange, and Ulster counties. It employs 220 individuals, has 3 warehouses and a fleet of 42 beverage trucks.
Philip Thomas, Chief Executive Officer of the Company, stated, “We are thrilled to announce the first new distributorship for the ALO Juice® brand since we announced our proposed acquisition earlier this month. We are committed to building this brand and expanding its distribution in the future.”
“Beverages such as ALO Juice® carry a functional claim that is a strong fit as Oak Beverages expands into the non-alcoholic arena. We are very excited to be ALO Juice®’s distribution arm in New York” said Manuel P. Bustos, General Manager of Oak Beverages.
ALO Juice® is a NARTD functional beverage made from juice derived from the aloe plant known as aloe vera. ALO Juice® sources its aloe plants from harvests in Thailand. The plants are exported from there to South Korea where they are processed in a unique whole leaf manner to ensure the nutritional and heath benefit are maintained from the plant all the way through to the bottling process. ALO Juice® is packed in 0.5 liter and 1.5 liter bottles, with a wide variety of flavors including Original, Mango, Pomegranate, Pineapple and Raspberry.
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.