International Spirits and Beverage Group, Inc Provides Corporate Update and Plans 2018
May 16 2018 - 09:17AM
InvestorsHub NewsWire
International Spirits and Beverage Group,
Inc Provides Corporate Update and Plans 2018
LAS VEGAS, NV -- May 16, 2018 -- InvestorsHub NewsWire --
International Spirits and Beverage Group Inc. (a Nevada
Corporation) (OTCPK:ISBG) is excited to announce to its loyal
shareholders that it has finalized its 2016 and 2017 audits as
promised. This arduous task took longer than anticipated at a
much higher cost than initially thought but puts ISBG on a path for
success in 2018. The completion of the audit will allow us to
attract capital at much more favorable rates than in the
past. It also gave us the leverage we needed to push the
maturity of most of our outstanding convertible debt into 2019 with
options to repurchase it at a discount prior to conversion and we
had 20k in debt forgiven over that last couple weeks.
Alonzo Pierce, Chairman of ISBG, said, “It has been my goal from
the beginning to be a world class producer of spirits that
consumers love and demand. We had a very successful proof of
concept with our production of Besado Platinum premium infused
Tequila at Caribbean Distillers in Auburndale, Florida. This
gave us the ability to negotiate favorable terms with our suppliers
in Mexico to launch our Reposado and Anejo products direct from
Mexican distillers as required by law. We are currently
building a plan utilizing some of our previous funding partners
that stuck by us through the tough times to solidify our financial
position without the use of additional convertible debt. We
believe this will provide us with the ability to focus on our
business without the additional pressures that that debt
creates.”
International Spirits and Beverage Group, Inc. has also secured
distribution in Georgia, a brand building market, for Besado.
We believe that this expansion along with the recent
acquisition of RWB “America’s Vodka” will be the catalyst to
improved performance within our supply chain networks and also give
us additional security with compliance and regulatory
agencies. Additional experienced sales staff, larger national
accounts, and reliable distillers and bottlers will help set us on
a course for long-term success. We will continue our
promotional initiatives that we launched in 2017 and will be making
many new exciting announcements over the coming months that will
drive both top line revenues and bottom line profits.
“I will lead the company forward with renewed vigor and will be
announcing additional advisors and board members in the near
future. These announcements will accompany our additional
plans for potential line extensions or joint venture
projects. The RTD market is exploding and we have been
testing several different potential formulations that may be
announced over the next quarters,” continued Pierce.
About ISBG: ISBG is a Nevada-based
alcoholic beverage company specializing in the development,
marketing and global sales of innovative wine and spirits brands.
The Company's expertise lies in the strategic development and
aggressive early growth of its brands and establishing these brands
as viable and profitable. ISBG intends to build its own brands
while seeking out individual acquisition candidates to continue to
develop its pipeline of new brands into the ISBG portfolio. For
more information visit: www.isbg.global
Forward Looking Statements: This press
release may contain forward-looking statements that involve risks
and uncertainties. These statements relate to future events or our
future financial performance. In some cases, you can identify
forward-looking statements by terminology including "could", "may",
"will", "should", "expect", "plan", "anticipate", "believe",
"estimate", "predict", "potential" and the negative of these terms
or other comparable terminology. While these forward-looking
statements, and any assumptions upon which they are based, are made
in good faith and reflect our current judgment regarding the
direction of our business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections,
assumptions or other future performance suggested in this report.
Except as required by applicable law, we do not intend to update
any of the forward-looking statements so as to conform these
statements to actual results. Investors
should refer to the risks disclosed in the Company's reports filed
from time to time with OTC Markets (www.otcmarkets.com).
For Additional Investor Information:
International Spirit & Beverage Group, Inc.
info@isbg.global