LAS VEGAS, NV, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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 material advances in the Company’s implementation of its Internet-of-Things (“IoT”) technology solution as it incorporates new CBD products into core operational strategy.
The company, in partnership with Bengala Technologies LLC, (“Bengala”), has been developing a groundbreaking logistics and supply chain management solution that relies heavily on a marriage between Blockchain and IoT technology to streamline and “smarten” the process of bringing new brands to market in the craft spirits industry.
According to management, that same technology is proving valuable as the company expands into the CBD marketplace with its new line of CBD products following its collaboration with a leading CBD products company.
“The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, with unique identifiers and the ability to transfer data back and forth over a network without requiring human-to-human or human-to-computer interaction,” said Arnaldo A. Detrés, CEO of Bengala Technologies, LLC. “Our technology is already sufficiently advanced to begin to have a material impact on margins upon initial implementation into ISBG’s operations, particularly as the Company begins to roll out its new line of CBD products and its coming pilot run of the new batch of Besado Tequila.”
Management believes the implementation of its new QR code (quick response code) system can be used to register initial lots of production, track and trace units, load information, dramatically improve quality control, and improve the impact of marketing spend through information efficiencies.
Mr. Detrés continued, “IoT can be custom designed and made with sensors, GPS tracking, and embedded wireless services to extend both reach and functionality within our network. QR codes are made with immutable information. When implemented in the context of CBD product management, they can be used to streamline literally every part of the chain from supplier to customer, and offer critical supplemental data to augment inventory management.”
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
ABOUT ISBG-BENGALA BLOCKCHAIN PROJECT
The Project is a blockchain and Fintech company that represents the partnership between ISBG and Bengala Technologies LLC, (“Bengala”), a development firm that specializes in tailored technology solutions with an expertise in blockchain and distributed ledger technology. The platform consists of a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive product management solution for the beverage industry. The company is creating a single, functionally-integrated, decentralized system designed to streamline all steps from farmer to bartop or countertop, including logistics and marketing.
ABOUT BENGALA TECHNOLOGIES, LLC
Bengala Technologies is a Blockchain engineering firm that specializes in tailored technology solutions with a particular expertise in blockchain and distributed ledger technology. The Company has achieved excellence in the field of blockchain and data efficiency by creating and deploying custom decentralized blockchain apps in partnership with select clients, producing reliable, secure and transparent identities and operational platforms for businesses in a range of different industries and markets.
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