More News - Shareholder Update
LAS VEGAS, NV, Aug. 08, 2018 (GLOBE NEWSWIRE) -- International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, issues the following letter to shareholders on the behalf of CEO Terry Williams:
Dear Valued Shareholder,
The past year has been one of profound evolution at ISBG. A year ago, we were searching for a better financial foundation and a more coherent operational identity. Today, we are riding a wave of sustainable growth on a foundation of financial strength that we owe to our brand incubation model, our committed shareholder base, a ton of hard work, and an improved operating environment.
I wanted to take this opportunity today to provide some insight into what’s behind our turnaround at ISBG and where this story is headed from here.
The heart of this turnaround lies in our commitment, forged last year, to focus on credibility above all else. As you can see from our recent communications, we have reduced debt and streamlined the cap table by reducing outstanding and authorized shares, undergone a full audit of all financial records spanning two years of operations, added governance talent to our Board of Directors, and uplisted shares off the pink sheets and onto the far more credible OTCQB Venture Exchange, thus gaining 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.
All of these steps amount to one core objective: to signal to the world in no uncertain terms that we are absolutely committed to building something on top of a rock solid foundation.
With that in place – and we will continue to maintain that commitment – our emerging focus will be on growth and innovation. There are two parts to this story: Our brand incubation strategy and our new strategic initiatives.
The first part of this story is something you have already started to see with our landmark development of our thriving Besado brand. We have some extremely exciting announcements on the way with regards to these projects as well as our plans to continue to add to this stable of brands. We will continue to provide new details in the weeks to come.
The next part of this story is the birth of an extremely interesting new chapter for ISBG.
Last week, we announced that we had forged a dynamic partnership with leading blockchain engineering firm, Bengala Technologies, LLC. To understand why this is such an interesting development, it’s important to understand that ISBG represents an intersection between Branding and Supply Chain Logistics. We operate in the adult beverage space because that’s our area of expertise where brand development is concerned. But our cost side is all about logistics.
There are two avenues through which we can increase our level of success: 1. Developing better brands and nurturing their exposure, and 2. Engineering more efficient processes for taking things from the farm to the store shelf across multiple markets.
Our new partnership with Bengala promises to give rise to a world of potential in terms of extraordinary streamlining in costs through the creation and adoption of a blockchain-based supply chain management system. The technology is already functional and will be implemented over coming quarters. This partnership, and its blockchain/IoT IP, will also be operationalized in the form of a separate unit, funded through a Token Generation Event, to drive revenues in the B2B supply chain management marketplace.
In summary, we have set into place a rock solid new foundation at ISBG. And we are in the process of building something extremely exciting on top of it.
We will continue to focus on tightening up the balance sheet and widening our sales footprint on our existing brands. But that won’t stop us from aggressively moving into new high-growth markets over coming months.
We have some extraordinary new talent set to come on board. As a result, our range of expertise will expand to include markets as diverse as CBD-infused beverages and partnerships that allow us to diversify into enterprise sales in the internet-of-things marketplace.
Stay tuned. Big things are on the way!
Best Regards,
Terry Williams, CEO
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).
LAS VEGAS, NV, Aug. 08, 2018 (GLOBE NEWSWIRE) -- International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, issues the following letter to shareholders on the behalf of CEO Terry Williams:
Dear Valued Shareholder,
The past year has been one of profound evolution at ISBG. A year ago, we were searching for a better financial foundation and a more coherent operational identity. Today, we are riding a wave of sustainable growth on a foundation of financial strength that we owe to our brand incubation model, our committed shareholder base, a ton of hard work, and an improved operating environment.
I wanted to take this opportunity today to provide some insight into what’s behind our turnaround at ISBG and where this story is headed from here.
The heart of this turnaround lies in our commitment, forged last year, to focus on credibility above all else. As you can see from our recent communications, we have reduced debt and streamlined the cap table by reducing outstanding and authorized shares, undergone a full audit of all financial records spanning two years of operations, added governance talent to our Board of Directors, and uplisted shares off the pink sheets and onto the far more credible OTCQB Venture Exchange, thus gaining 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.
All of these steps amount to one core objective: to signal to the world in no uncertain terms that we are absolutely committed to building something on top of a rock solid foundation.
With that in place – and we will continue to maintain that commitment – our emerging focus will be on growth and innovation. There are two parts to this story: Our brand incubation strategy and our new strategic initiatives.
The first part of this story is something you have already started to see with our landmark development of our thriving Besado brand. We have some extremely exciting announcements on the way with regards to these projects as well as our plans to continue to add to this stable of brands. We will continue to provide new details in the weeks to come.
The next part of this story is the birth of an extremely interesting new chapter for ISBG.
Last week, we announced that we had forged a dynamic partnership with leading blockchain engineering firm, Bengala Technologies, LLC. To understand why this is such an interesting development, it’s important to understand that ISBG represents an intersection between Branding and Supply Chain Logistics. We operate in the adult beverage space because that’s our area of expertise where brand development is concerned. But our cost side is all about logistics.
There are two avenues through which we can increase our level of success: 1. Developing better brands and nurturing their exposure, and 2. Engineering more efficient processes for taking things from the farm to the store shelf across multiple markets.
Our new partnership with Bengala promises to give rise to a world of potential in terms of extraordinary streamlining in costs through the creation and adoption of a blockchain-based supply chain management system. The technology is already functional and will be implemented over coming quarters. This partnership, and its blockchain/IoT IP, will also be operationalized in the form of a separate unit, funded through a Token Generation Event, to drive revenues in the B2B supply chain management marketplace.
In summary, we have set into place a rock solid new foundation at ISBG. And we are in the process of building something extremely exciting on top of it.
We will continue to focus on tightening up the balance sheet and widening our sales footprint on our existing brands. But that won’t stop us from aggressively moving into new high-growth markets over coming months.
We have some extraordinary new talent set to come on board. As a result, our range of expertise will expand to include markets as diverse as CBD-infused beverages and partnerships that allow us to diversify into enterprise sales in the internet-of-things marketplace.
Stay tuned. Big things are on the way!
Best Regards,
Terry Williams, CEO
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).
