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Corporate Information

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, proprietary recipe iced tea sold primarily on the East Coast of the United States through a network of national and regional retail chains and distributors.

Press Releases

Long Island Iced Tea Corp. Announces New Product Line --“Lemonade and a Splash of Tea”--
March 14, 2017

Hicksville (Long Island), NY (March 14, 2017) - 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 the launch of The Original Long Island Brand™ Lemonade. Infused with a splash of tea and made with 100% raw cane sugar and non-GMO ingredients for a crisp, refreshing and natural taste, this premium lemonade is highly differentiated from other lemonade beverages in the US market.

Philip Thomas, Chief Executive Officer of the Company, stated, “Beyond creating a delicious and refreshing lemonade, we made sure that the “better-for-you” attributes that are prominent within our iced tea range were incorporated into our new lemonade brand.”

“This exciting new lemonade is available in nine real-fruit flavors, including Traditional, Lime, Peach, Watermelon, Mango, Strawberry, Kiwi Strawberry, Cherry and Wildberries, and incorporates a subtle splash of tea essence. We feel the Company is bringing a true point of difference to the conventional lemonade brands on the market today,” Mr. Thomas added.

The addition of the lemonade brand to the Company’s portfolio comes after the recent acquisition of Alo Juice®. This further establishes the Company as a key player within the “better-for-you” beverage category.

Mr. Thomas commented, “Long Island Iced Tea® products are moving successfully in stores and we saw the opportunity to leverage our brand and positioning to capitalize on a different product offering. One that we believe would excite current customers and attract new consumers to our brand.”

According to IBISWorld, lemonade comprises 8.2% of the $12.0 billion juice market in 2016¹.  Lemonade sales totaled 451 million liters in 2015².

The Original Long Island Brand™ Lemonade range consists of 9 real-fruit flavors, available in both single 18oz bottles and 12-packs. The product is a natural complement to the Company’s Long Island Iced Tea®, which comprises 12 different iced tea flavors available in single 18oz bottles, gallons and 12-packs.

 

About Long Island Iced Tea Corp.

Headquartered in Long Island, New York, Long Island Iced Tea Corp. operates in the ready-to-drink segment of the beverage industry. The Company has developed non-alcoholic, premium iced tea and lemonade 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 and products, 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

 

¹ IBISWorld Industry Report 31211c, “Juice Production in the US”, January 2017.

² Statista, “Sales of lemonade in the United States in 2004 and 2015 (in million liters)”.

Long Island Iced Tea® Named Exclusive Iced Tea of The New Coliseum Presented By New York Community Bank
February 16, 2017

Hicksville (Long Island), NY (February 16, 2017) — 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, has formed an alliance with Brooklyn Sports & Entertainment to become the official iced tea of Nassau Veterans Memorial Coliseum Presented By New York Community Bank.

The New Coliseum Presented By NYCB will re-open on April 5th with a sold-out Billy Joel show. When complete, the venue will host hundreds of events annually, including concerts, family shows, and sports, such as college basketball, hockey, MMA, and boxing, as well as outdoor festivals and other major events.

“Our company carries the Long Island name and our brand Long Island Iced Tea® carries the legend and heritage of Long Island,” said Phil Thomas, Chief Executive Officer of Long Island Iced Tea Corp. “We are very excited to secure such a blue chip partnership with such an iconic venue that has truly established itself as the epicenter and entertainment hub of Long Island.”

Long Island Iced Tea® will have exclusive serving rights in the venue, including all concession stands and luxury suites. The alliance also includes high-profile interior and exterior LED branding, as well as digital and retail promotional opportunities.

“We are pleased that Long Island Iced Tea Corp. has joined our family of corporate partners at The New Coliseum Presented By NYCB and will bring local flavor to our diverse beverage offerings,” said Mike Zavodsky, Executive Vice President of Global Partnerships.

"You can’t find a better, more passionate audience in the country than New York, and we are looking forward to developing exciting marketing programs that will highlight the strengths of our brand and enhance the customer experience at the New Coliseum,” Thomas said. “To celebrate the re-opening, we will be announcing an official giveaway campaign for a chance to win tickets to the sold-out show on April 5th.”

 

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.

 

About Brooklyn Sports & Entertainment

Brooklyn Sports & Entertainment (BSE) develops and operates state-of-the-art venues and manages premier sports franchises, delivering dynamic content and experiences for audiences. BSE oversees programming, marketing, sales, and operations for Barclays Center and Nassau Veterans Memorial Coliseum presented by New York Community Bank, and manages and controls the NBA's Brooklyn Nets and its Development League team, the Long Island Nets, as well as the business operations of the NHL's New York Islanders. 

 

Barclays Center, which opened on September 28, 2012, offers 17,732 seats for basketball, 15,795 for hockey, and up to 19,000 seats for concerts, and has 101 luxury suites, four bars/lounges, four clubs, and 40/40 CLUB & Restaurant by American Express.

The New Coliseum Presented by NYCB, scheduled to reopen April 5, 2017 after extensive renovation, will offer 13,000 seats for hockey, 13,500 for basketball, and 14,500 for standard concert configurations, with the ability to flex up. The bowl will have a theater seating option for 4,000 guests. With a focus on emerging businesses, BSE identifies and creates alliances, strategic partners and other business opportunities to ensure the success of its assets.

For additional information, please visit Brooklynse.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

 

Brooklyn Sports & Entertainment Contacts:

Mandy Gutmann

Senior Director of Communications

Phone 718.942.9587

mgutmann@brooklynse.com

 

Stuart Bryan

Communications Manager

Phone 718.942.9574

sbryan@brooklynse.com

 

Brittany Borsanyi

Communications Coordinator

Phone 718.942.9069

bborsanyi@brooklynse.com

Long Island Iced Tea Corp. Continues Expansion into Latin America with New Distribution Agreement in Colombia
February 7, 2017

- Announces First Partnership in South America -

Hicksville (Long Island), NY (February 7, 2017) — Long Island Iced Tea Corp. (NasdaqCM: LTEA) (the “Company”), a growth-oriented company focused on the non-alcohol ready-to-drink (“NARTD”) tea segment in the beverage industry, today announced a new partnership to distribute its beverages in Colombia through Diviza S.A. (“Diviza”).

With an estimated population of over 47 million, Colombia is the second largest country in South America¹. The NARTD tea market in Colombia has grown at a 32% CAGR from 2010 to 2015, and is expected to grow another 26% to reach COP$585 billion (USD$205 million) by 2020².

Philip Thomas, Chief Executive Officer of the Company, stated, “We are extremely proud and excited to be announcing our first partnership in South America. This partnership continues the international expansion of our flagship Long Island Iced Tea® brand as well as our recently acquired ALO Juice® brand. We believe that Diviza is a great local partner in Colombia, which covers a significant amount of the country and maintains relationships with major chain accounts such as Grupo Éxito and Olímpica.”

"We are very excited to welcome Long Island Iced Tea® and ALO Juice® to our portfolio and glad we look forward to working together to build these brands in our market," added Mauricio Zapata, co-founder of Diviza S.A.

Long Island Iced Tea® is an NARTD tea that will be available in 18oz bottles. ALO Juice® is an NARTD functional beverage that will be available in 0.5 liter and 1.5 liter bottles.

 

About Diviza S.A.

Diviza S.A. was founded in Barranquilla, Colombia on November 29, 1983. Its distribution covers approximately 40% of Colombia, including the whole Atlantic coast region. Diviza S.A. employs over 30 individuals, distributes to over 1,500 locations and 700 auto-servicios (gas stations), and works with the biggest wholesalers in the region. Diviza S.A. provides direct distribution to major chain accounts in the region such as Grupo Éxito, Olímpica and PriceSmart.

 

About Long Island Iced Tea Corp.

Headquartered in Long Island, New York, Long Island Iced Tea Corp. operates in the non-alcohol 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

 

¹ Central Intelligence Agency. The World Factbook. 2016
² Euromonitor International. “RTD Tea in Colombia”. February 2016

 

Long Island Iced Tea Corp. Announces Participation in the 2017 ECRM Convenience EPPS in Las Vegas on February 6th Through 9th
February 3, 2017

Hicksville (Long Island), NY (February 3, 2017) — 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 it will participate in the 2017 ECRM Convenience Efficient Program Planning Sessions (“EPPS”) held at the Palm Casino Resort in Las Vegas, Nevada on February 6th through February 9th. Management will be represented by Philip Thomas, Chief Executive Officer, and Julio Ponce, Vice President of Southeast and Latin American Sales.

Convenience EPPS are pre-scheduled private meetings between buyers and sellers in the convenience channel. Beverage, consumable grocery, snack, candy, frozen, dairy, general merchandise, health and beauty care suppliers will present new programs to retailers and distributors from across the country. EPPS allow for more direct discussions around common business objectives to increase productivity, streamline business processes and grow sales.

Phil Thomas commented "following the release of our 18oz pack with upgraded branding, we are looking to accelerate growth in the convenience channel, and the EPPS conference is a great vehicle to kick this off.”

 

About ECRM

Its mission is to strengthen the business practices of clients by offering unique Efficient Program Planning Sessions that are supported by innovative technology solutions. By making its client base the focal point of its business, ECRM quickly identifies growing trends and changes that are taking place in the industry. With an ear to the ground it finds new and better solutions that can make a difference while continuing to foster a drive for innovation and efficiency in an ever-changing environment. ECRM is passionately committed to providing a truly exceptional client experience in a fun and friendly atmosphere and looks forward to developing solutions that pave a new path for the consumer packaged goods industry. For more information visit, http://ecrm.marketgate.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

Long Island Iced Tea Corp. Announces Closing of Public Offering
January 30, 2017

Hicksville, NY (January 30, 2017) — 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 the closing of its previously announced public offering of 376,340 shares of common stock at an average price of approximately $4.02 per share. The Company received net proceeds of approximately $1.4 million from the offering. Alexander Capital, L.P. acted as the placement agent for the offering.

The offering was made pursuant to an effective shelf registration statement on Form S-3 initially filed with the Securities and Exchange Commission (the “SEC”) on September 30, 2016 and declared effective by the SEC on October 14, 2016. A prospectus supplement dated January 27, 2017 relating to the offering was filed with the Securities and Exchange Commission. Copies of the prospectus supplement, together with the accompanying base prospectus included in the registration statement, may be obtained from the Securities and Exchange Commission at http://www.sec.gov, or from Alexander Capital, L.P., 17 State Street, 5th Floor, New York, NY  10004 – Attention: Tim Stack, Telephone: (212) 687-5650.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

 

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.

 

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 the Company’s 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:

Phil Thomas

Long Island Iced Tea Corp.

1-855-542-2832

info@longislandteas.com