Craft Brew Alliance to Hold Third Quarter Q&A Conference Call

PORTLAND, OR–(“CBA”) (Nasdaq:BREW), an independent craft brewing company, announced today that it will hold a question and answer conference call for the third quarter ended September 30, 2013 on Thursday, November 7, 2013 at 8:30 a.m. PST (11:30 a.m. EST). Terry Michaelson, chief executive officer, Andy Thomas, president of commercial operations, and Mark Moreland, chief financial officer, will discuss the Company’s financial results and summarize the quarterly report on Form 10-Q to be filed with the Securities and Exchange Commission after the market close on November 6, 2013.

The public is invited to listen to a live webcast of the conference call on the Investors section of the Company’s website at www.craftbrew.com. Approximately two hours following the conference call, an archived webcast will be available at the same site and will remain available until the next earnings call.

Interested parties may participate in the live conference via telephone by dialing (800) 322-2803 if calling from within the United States, or (617) 614-4925 if calling from outside the United States, and entering the access code 13988002. An audio replay of the conference call will also be made available approximately two hours after the conclusion of the call. The audio replay will remain available for 14 days and can be accessed by dialing (888) 286-8010 or (617) 801-6888 and entering the code: 38127680.

The SEC filings for Craft Brew Alliance can be accessed at the Company’s website, http://www.craftbrew.com/ (select Investors – SEC Filings). To automatically receive email alerts, register at http://www.craftbrew.com/ (select Investors – Email Alerts).

About Craft Brew Alliance

CBA is an independent, publicly traded craft brewing company that was formed through the merger of leading Pacific Northwest craft brewers – Widmer Brothers Brewing and Redhook Ale Brewery – in 2008. With an eye toward preserving and growing one-of-a-kind craft beers and brands, CBA welcomed Kona Brewing Company in 2010, and then launched Omission beer in 2012 and Square Mile Cider Company in 2013.

When Kurt & Rob Widmer founded Widmer Brothers Brewing in 1984, they didn’t confine their brewing exploration to strict style guidelines. To this day, Widmer Brothers continues to create craft beers with a unique and unconventional twist on traditional styles that are award winning and please a wide range of craft beer lovers. Redhook began in a Seattle transmission shop in 1981 and those colorful roots are reflected in the brand’s personality to this day. The eminently drinkable beers consistently win awards and please crowds across the United States. Kona Brewing was founded in 1994 by the father and son team of Cameron Healy and Spoon Khalsa, who dreamed of crafting fresh, local-island brews with spirit, passion and quality. As the largest craft brewery in Hawaii, Kona personifies the laid-back, passionate lifestyle and environmental respect of the Hawaiian people and culture. Omission beer is the first craft beer brand in the United States focused exclusively on brewing great tasting craft beers with traditional beer ingredients, including malted barley, that are specially crafted to remove gluten. Square Mile Cider was inspired by the fortitude and perseverance of the original pioneers and reinvigorates an enduringly classic beverage with its blend of apples hand-selected for the perfect balance of sweet and tart.

For more information, visit: www.craftbrew.com.

  • KKM

    It is fraudulent for this so-called “Craft Brew Alliance” to claim it is an independent company when Anheuser-Busch InBev owns 32%. It is outrageous for Brewbound to condone this fraud by publishing these press releases.

    • Alexander Kopf

      Just because the Brewers Association established rules to keep out Redhook and Widmer (the 25% ownership), and stretched the existing rules to keep Boston Beer in, when they exceeded the production cap, that doesn’t make posting CBA press releases “fraudulent”. It is a publicly traded company, that makes their own brewing and business decisions, as they have for over 30 years. Would it also be “fraudulent” for Yuengling and Sons press releases to be posted? They are independent, family owned, in business for over a hundred years, but because their “flagship” contains an adjunct, they are out of the BA as well. None of this has ANY legal definitions, it is all rules of a private club/trade association.

      • KKM

        The Brewers Association definition of a craft brewer, and how it applies to Yuengling & Sons, is irrelevant to my comment. Saying a company is independent when a parent company owns 32% is a contradiction in terms. A legal definition is not needed to understand that.

        It is no accident that AB InBev, MillerCoors, and Heineken International never disclose their ownership on the product labels, websites, and press releases, of their craft-style beers. They like to lie by saying, “People are going to find out anyway, and when they do, we take it as a sign of pride.” The real reason is because they know that public backlash would hurt their sales. If they truly took pride in their ownership of craft-style beers, then they would disclose it on the product labels.

        • Alexander Kopf

          AB-InBEv is not the “Parent Company” of Craft Brew Alliance. Craft Brew Alliance is the result of the merging of three individually started brewing companies: Redhook Ale Brewery, Widmer Brothers Brewing, and Kona Brewing Company. The fact is that both Widmer Brothers and Redhook realized that the fastest way to gain nationwide distribution, without having their beers contract brewed, was to use AB’s distribution system. The cost for this was a 25% share of each of those companies ownership. At that time, the board of the BA (headed by Boston Beer’s Greg Koch) made the capricious decision that contract brewing was okay, but paying for distribution was not. Over the next few years, AB invested additional funds on its own; it’s a free market, they can do what they want with their cash. AB-Inbev has NO CONTROL over what CBA brews; I know this as a fact, being the Senior Brewer in NH. If you want to call AB-Inbev anything in relation to CBA, maybe the word you’re looking for is “Sugar-Daddy”, one who gives money with very few strings attached. The fact that the BA definition of Craft Brewery has changed in terms of production volume and ingredients shows that this definition is not concrete, but flexible based on the whims of its board and who it wants to allow in its club.

          • KKM

            If you have a vested interest in CBA, I think you should disclose that. The Brewers Association (BA) represents more than 70 percent of the brewing industry, and its members make more than 99 percent of the beer brewed in the U.S. There are over 2,800 breweries in the United States, of which craft brewers make up 98%. If this majority disagreed with the BA definition of a craft brewer, they would have pressured the board of directors to change it by now. Therefore, the BA definition is not the whim of a handful of people.

            The decision of multinational conglomerates to enter the craft brewing market with an invisible hand is what I would call a whim. They choose to remain as anonymous as possible because they know the backlash against them will hurt their bottom line. There is no transparency or truth-in-advertising with the crafty beers of these mega-corporations. That to me is a form of censorship that is obviously driven by the ulterior motive to participate in the craft beer marketplace anonymously. Personally, I choose not to do business or consume the products of companies who try to hide behind a wall like that. I want full disclosure.

            If people like me have to live with the anonymous business practices of the multinational beer conglomerates, then people like you have to live with the BA definition. You shouldn’t complain about one without complaining about the other.

            If CBA doesn’t like the stigma and backlash it receives as a result of its AB-InBev sugar daddy, then the solution is simple: Reduce the sugar daddy’s ownership from 32% to 24% and the CBA brands will fit the BA definition of a craft brewer. Then we will all be happy. Why don’t they do that? Is that 8% drop going to be the end of the world?