Eastside Distilling, Inc. (NasdaqCM:EAST) Board Has Instructed Management to Explore Opportunities for Selling All or A Portion of Assets Dedicated to Spirits Business. Eastside Distilling Inc. - Purpose of Such A Sale Would Be to Reduce Company's Debt Burden, to Improve Its Liquidity. Eastside Distilling - Co Will Sell Its Spirits Assets Only for Fair Value and on Terms That Management Considers to Be in Co'S Best Interest.

Eastside Distilling - Purpose of Such A Sale Would Be Enable Co to Focus Its Resources on Development of Craft Digital Can Printing Business.