USA: East Coast Beverage Corp. Announces Major New Distributor Agreement For North Carolina Territory
East Coast Beverage Corp. (OTC Bulletin Board: ECBV), a leading producer of ready-to-drink bottled coffee beverages, announced today that it has entered into an agreement with Raleigh, NC-based Mutual Distributing. Mutual Distributing is housed in a 344,000 square foot warehouse in Raleigh, NC, with 300 employees and branch operations in Asheville, Charlotte, Elizabeth City, Fayetteville, Greensboro, Nags Head, Raleigh, Washington and Wilmington.Mutual Distributing services all supermarkets, convenience and drug stores, vending and key food service accounts throughout North Carolina. Mutual distributes for Heineken, Snapple and Premium Wine and Champagne companies among others. Among the customers serviced by Mutual are: Harris Teeter, Loews and Bi-Lo's.John Calebrese, East Coast Beverage's CEO stated, "Early reports from Mutual indicate the product is flying off the shelves and reorders have already been received. Every day validates the acceptance of our products in the marketplace and reinforces the Company's growth strategy. The North Carolina territory is large and powerful and this addition should greatly add to our revenue growth."
August 15, 2000