Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced that its TapouT Hydration brand will expand into the exciting and dynamic energy drink category. Targeted for launch in late March 2023, TapouT Energy was formulated to deliver next-level functionality by elite performance nutritionist Sanjeev Javia in collaboration with TapouT ambassador and former NFL great, Drew Brees. “This is a significant step forward for Splash Beverage. The U.S. market for energy drinks is estimated by ResearchandMarkets.com to be nearly a $12 billion market and continues to accelerate, forecasted to reach $28.25 billion by 2027,” said Splash’s CEO and Chairman Robert Nistico. “Nielsen reported that in just the last four weeks, the total energy drink sector is up 9.9%, with ‘innovative and natural brand concepts’ like TapouT Energy up more than 18%. Clearly the timing is ideal for introducing TapouT Energy.”
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About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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