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Friday, August 12, 2016
Vol. 77, No. 31
PGA event to return to Bethpage State Park
TOWN BLOOD DRIVE
Oyster Bay Town Councilman Joseph D. Muscarella (right) and Councilwoman Michele M. Johnson (left) recently attended the Town of Oyster Bay’s bi-annual blood drive held at Town Hall South in Massapequa and several other facilities in the Town of Oyster Bay. On hand for the blood drive with Councilman Muscarella and Councilwoman Johnson (from left to right) are Dennis Palmieri of the Town of Oyster Bay’s Department of Intergovernmental Affairs, Team Leader for the New York Blood Center Tess Marullo and donor Helen Pratola who along with the Town Officials, contributed to the blood drive and helped patients in need of blood which could make the difference between life and death.
Nassau County Executive Edward P. Mangano and Peter Mele, PGA TOUR Executive Director, have announced taht The Barclays PGA tour event will return to Nassau County for the 50th playing of this prestigious golf tournament. From Tuesday, August 23rd through Sunday, August 28th the Barclays PGA Tour event will be held at Bethpage State Park. The Barclays draws the top 125 golfers on the PGA tour and kicks off the four-event FedExCup Playoffs, which determine the season-long champion. “Nassau County is proud to sponsor The Barclays - which brings four days of great competition on the Black Course at Bethpage State Park, Long Island’s premier golf course,” said County Executive Mangano. “Having a tournament of this caliber, that has the ability to attract people from throughout the metropolitan area, is
a tremendous boost to Nassau County’s economy.” It is estimated that the tournament will result in $34.4 million in spending related to lodging, recreation, food, retail, transportation, tickets and employment of those working at the event. The direct and indirect spending that is associated with an event such as The Barclays fuels additional spending as these dollars circulate through the economy and create jobs. The Barclays is partnering with LIRR and will provide free shuttle service from the Farmingdale LIRR Station to/from the tournament grounds. Also, with the purchase of a daily Clubhouse ticket, patrons will receive a free round trip ticket from any LIRR station. Event and train tickets can now be purchased on line.
Local beverage maker begins trading on Nasdaq BY GARY SIMEONE Long Island Iced Tea Corp., a beverage company located at 116 Charlotte Avenue, closed its public offering and began trading on the Nasdaq Capital Market in late July. The Company, which is focused on the ready-to-drink (RTD) tea segment in the beverage industry, announced on July 29th the closing of its offering of shares of common stock to the public at a price of $5.50 per share. The Company has sold 1,242,685 shares of common stock in the
offering for aggregate gross proceeds of $6,934,820. They will retain their ticker, “LTEA” on the Nasdaq Capital Market. “Our full company from our bankers to our investors was there to ring the closing bell on Nasdaq,” said Phil Thomas, CEO of Long Island Iced Tea Corp. “We had our pictures posted on the JumboTron above Times Square with our product. It was a really great day for us.” Long Island Iced Tea Corp. started off as a small startup in 2011 and has grown in leaps and bounds according to
Thomas. “We put our product out in 2011 and we have grown to the point where we are now in twelve states across the country with 38 more to go,” said Thomas. “We are building off a fantastic name and product and and I think we have the pieces in place to move onto a national and global scale.” Long Island Iced Tea sells their products in numerous grocery store chains across the Island including King Kullen stores and Stop& Shop outlets. The company originally began doing
business in Long Island City and then opened an office in Uniondale a few years ago. They moved their operation to Hicksville in early 2015. In May of 2015 they began trading shares of their stock OTC (over-thecounter) to the public. Thomas is very optimistic about the future of his company and the product they put out. “This is just the start of our journey and I think we are poised for success,” he said.
Congratulations to pageant winners PAGE 7 Town holds Salute to America PAGE 10