ISBG Announces Official Uplisting to OTCQB Venture Market Exchanges
July 12 2018 - 9:18AM
InvestorsHub NewsWire
Las Vegas, NV -- July 12, 2018 -- InvestorsHub NewsWire --
International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG”
or the “Company”), a top-tier brand incubator in the Global Wine
& Spirits market, is excited to announce that the Company has
been officially approved by the OTC Markets Group (the “OTC”) to
transition shares from the Pink Sheets and onto the OTCQB “Venture
Market” tier.
Shifting from the Pink Sheets and onto the OTCQB exchange
demands thorough completion of a full audit of all financial
records for the prior two years of operations. Having successfully
completed this step, management for the Company believes that the
transition will provide better access to institutional investors, a
broader shareholder base, and greater credibility with the
Company’s partners, clients, stakeholders, and customers, as well
as with the wider investment community.
ISBG President and Chairman, Alonzo Pierce, commented, “So far,
we’ve already started to see strong growth in 2018, both
organically and through the integration of new brands into our
portfolio. The Company is moving ahead of schedule at this point.
We’re already leveraging that progress to push our cap table and
balance sheet into productive territory. Every company at this
stage is a bet about getting around the shoulder of a curve. It’s
exciting right now because we’ve started to see a lot of daylight
after a strong Q1, which gives us the elbow room to funnel returns
back to shareholders. But we have much bigger plans looking ahead.
Now that we have things really moving in a powerful direction, we
felt the time was right to move up onto the OTCQB tier and gain
access to institutional money flows and a much broader investor
base.”
This announcement complements recent steps by the Company to
streamline both its liabilities and outstanding shares (ISBG has
recently announced major cuts to both), as well as a material
expansion to the Company’s distribution footprint for its core
brands. As a brand incubator, management believes that the
increased credibility offered by this uplisting may create
opportunities for advantageous terms on financing new brand
acquisitions as the Company continues to push a very aggressive
growth agenda in 2018.
In addition to the uplisting onto the OTCQB, the Company would
also like to announce that it has commenced the procedural steps
involved in regaining full access to Canadian investors. ISBG has
formally submitted its application for engagement with the Canadian
investment community, and the Alberta Securities Commission has
confirmed receipt of documentation related to the reinstatement of
access to that population of investors.
Mr. Pierce continued, “We are working hard to expand our access
to new investors because we have a strong story to tell and we
think everyone should hear it. Plain and simple.”
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 Spirits & Beverage Group, Inc. info@isbg.global www.isbg.global