Splash Beverage Inks Distribution Deal With Kalil Bottling

Splash Beverage Group Inc SBEV inked an agreement with Arizona-based Kalil Bottling to expand the distribution of TapouT Sports Performance Drink.
Kalil's network covers Arizona and extends through counties across Utah, Colorado, New Mexico, and western Texas.
The distribution agreement will expand Splash's reach to more than half of the U.S.
CEO Robert Nistico commented, "As Body Armor is transitioned to Coke, this leaves a large opportunity for TapouT to fill the void, which is ideal for us strategically."
Price Action: SBEV shares are trading higher by 1.22% at $2.63 on the last check Tuesday.