Splash Beverage Group Inc. (SBEV) Doubles Q4 Sales in Q1, Positions for Uplist to NYSE American

• For the first quarter of 2021, Splash Beverage Group reported revenue of $2.42 million, up 95% from Q4
• Splash ended quarter with $1.23 million in cash, cash equivalents
• Splash filed Form S-1 with SEC seeking to raise $69 million, a capital raise that will only consummate upon Splash meeting all NYSE American listing requirements

Earnings season is almost over, with about 90% of the S&P 500 companies already filing their results from the recent quarter, that being the three-months ended March 31 for most. Normally, a look back at the year prior quarter is instrumental to analysts and retail investors alike as a measure to what the future may hold. A year ago, however, the world was enthralled in the outset of the COVID-19 pandemic, which makes the year-prior comparisons more moot than typical. For instance, a look at upstart Splash Beverage Group (OTCQB: SBEV) shows a demonstrative crushing of Q1 sales year-over-year. A fairer assessment of the growth trajectory is to look at sequential quarter performance, for which Splash didn’t disappoint either. On the back of its explosive growth, Splash has set the stage to graduate to a national exchange, as evidenced by documents filed with the Securities and Exchange Commission.

Splash is focused on manufacturing, distribution, sales, and marketing of both alcoholic and non-alcoholic beverages. The specialization of the company as an accelerator of emerging brands is rooted in its heavily experienced leadership led by CEO Robert Nistico. Among his long list of accomplishments, Nistico was the…

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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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