LAS VEGAS, May 16, 2017 (GLOBE NEWSWIRE) -- International Spirit and Beverage Group Inc., (a Nevada Corporation) (OTCPK:ISBG) is pleased to announce that the company has completed its production run and has delivered eight pallets of ISBG’s flagship Besado Platinum Tequila™.
This production of 3,120 bottles utilized a large percentage of the final labels in stock prior to our next label run, which is in line with the Alcohol and Tobacco Tax and Trade Bureau’s (TTB) “Use-Up” rules allowed on label changes. The increase in sales and deliveries has been derived from the company’s utilization of trade distribution and online sectors.
“We are thrilled with the response we have received from our online customers who have received their Besado Platinum Tequila™ and we thank them for their patience,” said Alonzo Pierce, President and Chairman of ISBG. “Our priorities are to get as many boxes out the door as well as completing our long awaited audit and structuring of the board of directors.”
Previously, ISBG announced a 300-percent increase in sales from a year ago first quarter and now we report that we have successfully received additional orders and are in negotiations for placement with several other distributors and retailers. The awareness campaign we have been running on Facebook, www.besadotequila.com and the magazine ads in Simply the Best in south Florida has stimulated our online sales. The purchased product from these sales will have been shipping to the customers.
“Our main focus over the last month has been audit, shipping product and the patience of our customers and shareholders is sincerely appreciated,” Pierce said. “We will continue to improve our supply chain and production schedules to make sure our delivery times are continually improving.”
ISBG firmly believes that the company has the total package with its Besado line and the success of this line will bring about a prosperous future for the company and its shareholders. The company is excited about our new labeling and additional line extensions that will begin production and shipping later in 2017. These initiatives should allow us to reach our goal of 60,000 bottles delivered for the year, setting up ISBG for long term, sustained growth as a premier spirits developed.
ISBG is also pleased to announce that on May 2, the company settled the suit that was adjudicated in Indiana. The company avoided a lengthy and expensive appeals process by settling out of court. While the terms of the agreement with the plaintiff prohibit both parties from disclosing the specifics of the settlement, the company can disclose that no shares were issued or will be issued to compensate the plaintiff.
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 the Securities and Exchange Commission and available at www.sec.gov .
For Additional Investor Information: International Spirit & Beverage Group, Inc. info@isbg.global
