AFFINITY BEVERAGE GROUP ACQUIRES JAWEA
February 15 2018 - 3:56PM
InvestorsHub NewsWire
Washington, DC. -- February, 15,
2018 -- InvestorsHub NewsWire -- Affinity Beverage Group,
Inc.,(hereinafter "The Company") a publicly traded company under
the ticker symbol (USOTC
- Pink/ABVG) announced today that it has executed a Stock
Purchase Agreement to acquire 100% interest in Artisanal Edge, LLC
(hereinafter, “Artisanal”), the owner of JAWEA (www.eatjawea.com) dairy-free frozen
desserts, headquartered in New York, NY. Jawea (pronounced,
Jah-Way-ah) launched by founder Michael Rosenthal in late 2015, is
a line of delicious, all natural, vegan, gluten free, soy free
coconut based “ice cream” which is currently available in 5 flavors
that were inspired by adventure across the globe. The brand is
currently sold in over 250 locations in the Northeastern United
States, including, Wholefoods Market, Wakefern/Shop Rite, Fairway,
Bareburger as well as many other restaurants, grocery stores and
specialty retailers in the New York Metro/Tri-State area. The
company has also secured regional distribution through divisions of
UNFI and Sysco, two of the country’s largest food and beverage
distributors.
Jawea was created for the health-conscious, but not health-crazed
consumer. Not only is it non-dairy, it also contains about half the
sugar of traditional ice cream and top-quality ingredients, so you
can feel good about eating ice cream again. With sales of roughly
$2.6 billion in 2016, specialty frozen deserts is the #3 fastest
growing category in the specialty food segment and is the most
purchased category in the segment according to the Specialty Food
Association. Over 100 million Americans are lactose intolerant and
19% now purchase dairy-alternatives. With more and more people,
especially millennials, seeking healthier and non-dairy food
options, due to dietary restrictions, lactose issues etc.,people
are gravitating to non-dairy based deserts, especially ice
cream.
"We are very excited to finally add JAWEA as an official member of
the Affinity brand portfolio and we are prepared to move full steam
ahead with our plans to expand the brands sales and distribution
footprint and product assortment. We have recently added some
exciting new retail customers (which will be announced at a later
date) and we are currently developing a number of new sales and
distribution opportunities for the brand outside of its current
channels of distribution” stated Affinity Beverage Group CEO, Janon
Costley. Please continue to follow Affinity Beverage for
further updates regarding JAWEA and other Company news.
About Affinity Beverage:
Affinity Beverage Group, Inc (www.affinitybeverage.com) is
a holding company that focuses on branded consumer product
acquisition opportunities in the $3.4 trillion health and wellness
sector. Affinity primarily targets lifestyle brands, companies,
and/or exclusive product distribution rights focusing on
traditional and non-traditional, healthy beverage options. Affinity
will also seek opportunities involving uniquely positioned young
brands specializing in all natural/organic foods, bio-food,
supplements and personal care products for strategic
partnerships, distribution agreements and potential
acquisition.
About Artisanal Edge/Jawea:
Jawea Frozen Deserts ( www.eatjawea.com) is a brand
of delicious plant-based vegan “ice cream” that is free of dairy,
gluten and soy that is currently available in 5 adventurous flavors
in over 250 retail locations.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this
release, including, without limitation, statements regarding
potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above.
Contact:
P. 888.406.1138
Email: info@affinitybeverage.com
Twitter:@affinitybev
IG:@affinitybeverage
FB:@affinitybeverage
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