UPDATE: NAB’s Lozyniak Addresses Distributors on Rumor

Dear Client:NAB chief Rich Lozyniak addressed NAB wholesalers via phone conference just now, BBD has learned. In a quick, less-than-five minute address with no Q&A, he went over YTD trends - growing or maintaining share in 49 of 50 states, YTD depletion growth of over 6% -- to emphasize how NAB has kept its promises to network wholesalers, according to a source on the call. These promises will continue to grow and support the business regardless of ownership, he said.