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NewAge, Inc. Announces Sale of Legacy Direct Store Distribution Division

NewAge, Inc. Announces Sale of Legacy Direct Store Distribution Division

NewAge 公司宣佈出售傳統直銷店分銷部門
GlobeNewswire ·  2022/09/10 04:05

SALT LAKE CITY, Sept. 09, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (OTC: NBEVQ) (the "Company"), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that its wholly-owned subsidiaries, NABC, Inc. and NABC Properties, LLC (together, "NABC"), have entered into a definitive agreement to sell the legacy direct store distribution ("DSD") division to Legacy Distribution Group, a Colorado-based distribution company.

鹽湖城,9月2022年09日(Global Newswire)--NewAge,Inc..(場外交易代碼:NBEVQ)(以下簡稱“公司”)是一家總部位於猶他州的直接面向消費者(D2C)的有機和健康產品公司。該公司今天宣佈,其全資子公司NABC,Inc.和NABC Properties,LLC(合稱“NABC”)已達成一項最終協議,將傳統直銷(DSD)部門出售給總部位於科羅拉多州的經銷公司Legacy分銷集團。

The transaction is expected to be completed in the fourth quarter of 2022, and closing will be subject to court approval in the Company's pending bankruptcy case.

這筆交易預計將於2022年第四季度完成,交易完成將取決於法院對該公司懸而未決的破產案件的批准。

The Company believes the DSD business is one of the largest independent distributors in Colorado providing beverages and snacks to grocers, big box retailers and convenience stores. It has been serving the Colorado community for more than twenty years, providing what the Company believes to be best-in-class service to over 5,000 outlets, and has been involved in launching and growing some of the biggest brands in the industry.

該公司認為,DSD業務是科羅拉多州最大的獨立分銷商之一,向雜貨商、大型零售商和便利店提供飲料和零食。它已經為科羅拉多州社區服務了20多年,為5000多家門店提供了公司認為是同類中最好的服務,並參與了行業內一些最大品牌的推出和發展。

NABC is not included in the Company's and certain of its subsidiaries' previously announced bankruptcy cases, and the DSD division continues to conduct its business independently of the NewAge entities currently in the bankruptcy process. The proposed sale is part of the Company's overall effort to align its assets and focus the business on maximizing revenue and cash flow generation for its larger scale Direct/Social Selling division.

NABC不包括在本公司及其某些子公司先前宣佈的破產案件中,DSD部門繼續獨立於目前處於破產程序中的NewAge實體開展業務。擬議的出售是該公司整體努力的一部分,目的是調整其資產,並將業務重點放在為其規模更大的直銷/社會銷售部門創造最大收入和現金流上。

Legacy Distribution Group is a 100%-owned subsidiary of CBD Global Sciences Inc. (CSE: CBDN), an American multi-national consumer goods and manufacturing company headquartered in Denver, Colorado.

傳統經銷集團是總部設在科羅拉多州丹佛市的美國跨國消費品和製造公司CBD全球科學公司(CBD Global Sciences Inc.)(CSE:CBDN)的全資子公司。

Ed Brennan, NewAge's Chairman and Interim CEO commented, "Over the past several months, we have conducted a comprehensive strategic review of our company as we endeavor to simplify our business, scale our operations and position NewAge for sustained growth in the direct selling industry. DSD had humble beginnings and has grown to be one of the largest independent distributors in the country. This proposed sale offers what we believe to be an excellent outcome for stakeholders in the DSD business, including our employees and our customers. Legacy Distribution Group has a deep understanding of the industry and the market in which DSD operates, and we believe they will be able to provide strategic ownership of the business moving forward."

NewAge董事長兼臨時首席執行官埃德·布倫南表示:“在過去的幾個月裏,我們對公司進行了全面的戰略審查,努力簡化我們的業務,擴大我們的業務規模,併為NewAge在直銷行業的持續增長做好準備。DSD起步卑微,現已成長為該國最大的獨立分銷商之一。這項擬議的出售為DSD業務的利益相關者,包括我們的員工和客户提供了我們認為是一個極好的結果。傳統分銷集團對DSD所在的行業和市場有深刻的瞭解,我們相信他們將能夠為未來的業務提供戰略所有權。“

About NewAge, Inc.
NewAge is a purpose-driven firm dedicated to inspiring the planet to Live Healthy™. The Utah-based Company commercializes a portfolio of organic and healthy products worldwide primarily through a direct-to-consumer (D2C) route to market distribution system across more than 50 countries. The company competes in three major category platforms including health and wellness, inner and outer beauty, and nutritional performance and weight management — through a network of exclusive independent Brand Partners, empowered with the leading social selling tools and technology available worldwide. More information on the Company can be found at NewAgeGroup.com.

NewAge公司簡介
NewAge是一家以目標為導向的公司,致力於激勵地球過健康的™生活。這家總部位於猶他州的公司主要通過直接面向消費者(D2C)的途徑在50多個國家和地區的市場分銷系統將一系列有機和健康產品商業化。該公司通過獨家的獨立品牌合作伙伴網絡,擁有全球領先的社交銷售工具和技術,在三個主要類別的平臺上展開競爭,包括健康和健康、內在和外在美容以及營養表現和體重管理。欲瞭解更多有關該公司的信息,請訪問NewAgeGroup.com。

Forward Looking Statements

前瞻性陳述

This press release contains forward-looking statements that are based on management's beliefs and assumptions and on information currently available to the Company's management. Forward-looking statements include statements related to the Company's proposed sale of the DSD division and the continued operation of the DSD division by Legacy Distribution Group. Forward-looking statements include statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would" or similar expressions and the negatives of those terms. The Company's actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks and uncertainties. Such risks and uncertainties include, but are not limited to, risks related to the the Company's ability to consummate the proposed sale of the DSD division, including receipt of Bankruptcy Court approval of the proposed sale; unanticipated difficulties or expenditures relating to the proposed sale; disruptions of current plans and operations caused by the announcement and pendency of the proposed sale; potential difficulties in employee retention due to the announcement and pendency of the proposed sale; the response of customers, suppliers, and business partners to the announcement of the proposed sale; the effects of the Chapter 11 cases on the Company and on the interests of various constituents; Bankruptcy Court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general; the length of time the Company will operate under the Chapter 11 cases; risks associated with any third-party motions in the Chapter 11 cases; the potential adverse effects of the Chapter 11 cases on the Company's liquidity or results of operations and increased legal and other professional costs necessary to execute the Company's reorganization; the conditions to which any debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company's control; consequences related to the acceleration of the Company's debt obligations, among other risks and uncertainties, as well as the factors described in more detail in the Company's most recent Annual Report on Form 10-K and other documents on file with the Securities and Exchange Commission ("SEC"), each of which can be found on the SEC's website, www.sec.gov, or the investor relations portion of the Company's website, investors.newagegroup.com. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Accordingly, undue reliance should not be placed upon the forward-looking statements.

本新聞稿包含前瞻性陳述,這些陳述基於管理層的信念和假設以及公司管理層目前掌握的信息。前瞻性表述包括與公司擬出售DSD部門以及Legacy分銷集團繼續運營DSD部門有關的表述。前瞻性陳述包括非歷史事實的陳述,可以通過“預期”、“相信”、“可能”、“估計”、“預期”、“打算”、“可能”、“計劃”、“潛在”、“預測”、“項目”、“尋求”、“應該”、“將會”或類似的表達以及這些術語的否定來識別。由於某些風險和不確定因素,公司的實際結果和事件的時間可能與這些前瞻性陳述中預期的大不相同。這些風險和不確定性包括但不限於與公司完成擬議的DSD部門出售的能力有關的風險,包括收到破產法院對擬議出售的批准;與擬議出售有關的意想不到的困難或支出;擬議出售的宣佈和懸而未決導致當前計劃和運營的中斷;擬議出售的宣佈和懸而未決可能導致留住員工的困難;客户、供應商的反應, 建議出售的公告;破產法第11章案件對公司和各成員利益的影響;破產法院對破產法第11章案件的裁決和破產法第11章案件的一般結果;公司將根據破產法第11章案件經營的時間長短;與破產法第11章案件中任何第三方動議相關的風險;破產法第11章案件對公司流動性或經營業績的潛在不利影響,以及執行公司重組所需的法律和其他專業成本增加;債務人佔有融資的條件,以及由於各種原因,包括公司無法控制的原因,這些條件可能得不到滿足的風險;除其他風險和不確定性外,這些風險和不確定性還包括與公司債務加速有關的後果,以及在公司最新的10-K表格年度報告和提交給美國證券交易委員會(“美國證券交易委員會”)的其他文件中更詳細地描述的因素,這些文件都可以在美國證券交易委員會的網站www.sec.gov或公司網站的投資者關係部分Investors.newagegroup.com上找到。除非法律要求,否則公司沒有義務更新這些前瞻性陳述,或更新實際結果可能與這些前瞻性陳述中預期的結果大不相同的原因,即使未來有新的信息。因此,不應過分依賴前瞻性陳述。

Investor and Media Inquiries:
IR@newage.com 

投資者和媒體查詢:
郵箱:ir@newage.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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