PORTLAND, OR--(Marketwired - Jun 6, 2016) - Eastside Distilling, Inc. (
"We are pleased to prepay this note prior to the maturity date as we believe it strengthens our balance sheet and also allows us to avoid additional interest charges as well as potential further dilution to our shareholders from any additional conversions of this note into shares of our common stock. We remain focused on driving sales as we build traction and consumer demand in markets across the nation," said Eastside's CEO, Steven Earles.
About Eastside Distilling
Eastside Distilling, Inc. (
Important Cautions Regarding Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release may include statements related to our strategic focus, product verticals, anticipated revenue, and profitability. The Company assumes no obligation to update the cautionary information in this release.
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