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Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against National Beverage Corp.

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The law firm of Kessler Topaz Meltzer & Check, LLP announces that a
securities fraud class action lawsuit has been filed in the United
States District Court for the Southern District of Florida against
National Beverage Corp. (NASDAQ:FIZZ) ("National Beverage") on behalf
of purchasers of National Beverage securities between July 17,
2014 and July 3, 2018
, inclusive (the "Class Period").

Important Deadline Reminder: Investors who purchased
National Beverage securities during the Class Period may, no
later than September 17, 2018
, seek to be appointed as a lead
plaintiff representative of the class. For additional information or to
learn how to participate in this action please visit
https://www.ktmc.com/new-cases/national-beverage-corp-2018#join.

According to the complaint, National Beverage, through its subsidiaries,
develops, produces, markets, and sells a portfolio of flavored beverage
products in North America and internationally. The company offers
beverages to the active and health-conscious consumers, including
sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and
Shasta Sparkling Water brand names. The company sells and markets its
products through an internal sales force, as well as specialized broker
networks.

On May 4, 2017, National Beverage issued a press release stating that it
"employs methods that no other company does in this area—VPO (velocity
per outlet) and VPC (velocity per capita)." National Beverage asserted
that it "utilize[s] two proprietary techniques to magnify these measure
[sic] and this creates growth never before thought possible."

The complaint alleges that on December 8, 2017, National Beverage issued
a press release announcing its financial and operating results for the
period ended October 28, 2017. Notwithstanding the company's
representations in its May 2017 press releases with respect to
"creat[ing] growth never before thought possible," analyst Laurent
Grandet of Credit Suisse assigned an "underperform" rating to the
company's stock. Grandet noted that National Beverage's business was
driven "almost entirely" by the success of its LaCroix sparkling water
brand, the growth trajectory of which was in fact slowing. Following
this news, National Beverage's share price fell $11.91, or 10.56%, to
close at $100.84 on December 8, 2017.

Then, on June 26, 2018, The Wall Street Journal published an
article entitled, "The SEC Has Had Its Own Questions About LaCroix,"
reporting that National Beverage had "declined to provide" the SEC "with
requested sales figures to clarify [National Beverage's] sales claims",
following a letter request from the SEC in January 2018. Following this
news, National Beverage's share price fell $9.75, or 8.87%, to close at
$100.19 on June 27, 2018.

Finally, on July 3, 2018, The Wall Street Journal published an
article entitled, "Billionaire Behind LaCroix Accused of Improper
Touching by Two Pilots." The article reported, in part, that "[t]wo
pilots have filed lawsuits alleging sexual harassment. . . claiming
82-year-old Nick A. Caporella inappropriately touched them on multiple
trips while they were flying with him in the cockpit of his business
jet" and that "[t]he suits claim the unwanted touching occurred on more
than 30 trips from 2014 to 2016." Following this news, National
Beverage's share price fell $2.90, or 2.64%, over the following two
trading days, closing at $107.04 on July 6, 2018.

The complaint alleges that during the Class Period, the defendants made
false and/or misleading statements and/or failed to disclose that: (i)
National Beverage's sales claims and the supposed underlying
"proprietary techniques" lacked a verifiable basis; (ii) National
Beverage's Chairman and Chief Executive Officer, Nick A. Caporella,
engaged in a pattern of sexual misconduct between 2014 and 2016; and
(iii) as a result, National Beverage's public statements were materially
false and misleading at all relevant times.

If you wish to discuss this securities fraud class action or have any
questions concerning this notice or your rights or interests with
respect to these matters, please contact Kessler Topaz Meltzer & Check
(James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (888) 299–7706 or
(610) 667–7706, or via e-mail at info@ktmc.com.

National Beverage investors may, no later
than September 17, 2018
, seek to be appointed as a lead
plaintiff representative of the class through Kessler Topaz Meltzer &
Check, or other counsel, or may choose to do nothing and remain an
absent class member. A lead plaintiff is a representative party who acts
on behalf of all class members in directing the litigation. In order to
be appointed as a lead plaintiff, the Court must determine that the
class member's claim is typical of the claims of other class members,
and that the class member will adequately represent the class. Your
ability to share in any recovery is not affected by the decision of
whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and
federal courts throughout the country involving securities fraud,
breaches of fiduciary duties and other violations of state and federal
law. Kessler Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf of
institutional and individual investors from the United States and around
the world. The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the government
and share in the recovery of government dollars). The complaint in this
action was not filed by Kessler Topaz Meltzer & Check. For more
information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

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