ISBG Set to Uplist to OTCQB as Top Tier Brand Incubator in $391B Global Wine & Spirits Market
May 21 2018 - 9:13AM
InvestorsHub NewsWire
LAS VEGAS, NV -- May 21, 2018 -- InvestorsHub NewsWire
-- International Spirits and Beverage Group Inc. (OTCPK:ISBG)
(“ISBG” or the “Company”), a Nevada Corporation, is excited to
announce that the Company has formally filed an application with
the OTC Markets Group (the “OTC”) to transition shares from the
Pink Sheets and onto the OTCQB “Venture Market” tier.
ISBG has already successfully completed the mandatory two-year
audit process through an engagement with a highly respected PCAOB
registered CPA firm specializing in audit and assurance accounting
services. The Company is now in full compliance with all OTC
requirements, is fully eligible for this uplisting, and has now
formally submitted its application to the OTC to complete the
process.
ISBG President and Chairman, Alonzo Pierce, commented,
“Uplisting onto the OTCQB is a statement about trust, confidence,
and transparency. By undertaking a full two-year audit of company
financial records and committing to the heightened financial and
corporate disclosure standards associated with the higher tier
listing, we are demonstrating to investors that ISBG has everything
in good working order under the hood. That’s a crucial step as we
push our aggressive 2018 growth agenda forward. This will give us
better access to institutional investors, a broader shareholder
base, and greater credibility with our partners, clients, and
customers, as well as with the wider investment community.”
Management believes this step will afford the Company increased
liquidity, visibility, and access to institutional capital, which
will help ISBG shatter performance records from previous years as
its recent acquisition of RWB Vodka begins to impact financial
performance and the Company nails down additional expansion moves
into other high growth areas currently in play.
Crucially, this move builds on existing momentum, coming on the
heels of several other key achievements over recent months to
streamline and expand, including a reduction in convertible debt, a
balance-sheet positive refinancing, a widening of the distribution
footprint for Besado sales into Georgia and China, and expanded
Board representation.
Mr. Pierce continued, “The progress we have made over the past
six months might seem staggering from the outside. But it doesn’t
surprise me at all because I know our team, our core financing
base, our longer-term stakeholders, and our partners. Everyone is
on the same page right now and committed to the same vision, and
it’s starting to show.”
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).
Contact:
For Additional Investor Information:
International Spirit & Beverage Group, Inc.
info@isbg.global