LAS VEGAS, NV, July 31, 2018 (GLOBE NEWSWIRE) -- International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a Nevada Corporation, is excited to announce the filing of a new S-1 registration with the SEC to raise funding to fuel the Company’s growth agenda and expand operations for the second half of 2018.
ISBG President and Chairman, Alonzo Pierce, commented, “Our tremendous progress over the past year has had a number of positive consequences that are starting to come into play as we strategize for coming quarters. We have successfully streamlined our cap table and balance sheet, uplisted shares onto the OTCQB exchange, and widened our distribution footprint to foster new revenue growth. With this additional capital, we will be moving production of our Besado Tequila to Mexico, solidifying a strategic partnership with a leading supply chain technology firm, and attaining targeted management additions to further strengthen our team.”
The S-1 filing provides for the pricing of the offering at $0.035/share and up to $517K in new capital resources, the vast majority of which will be applied toward new strategic and operational expansion.
Mr. Pierce continued, “Innovation is a critical aspect to our growth and positioning as an industry-leading brand incubator in the craft spirits space. In fact, recent changes to the legislative landscape around CBD have piqued our interest as well. From dynamic brand creation to supply chain technology, ISBG aims to be a leader in innovation. We have some big announcements on the way and look forward to an exciting second half of the year.”
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).