Alert:》....More great ISBG news just out on the financial news wires!!!
LAS VEGAS, NV, Jan. 17, 2019 (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 & Spiritsand CBD-Infused Products markets, is thrilled to announce its first purchase order for the Company's new P19 CBD Gummies. The order exceeds $115K. In addition, the Company now anticipates revenues from its recently launched Health and Wellness segment to top $300K during Q1 2019 based on orders for CBD Gummies and other new product releases.
That would represent potential annualized y/y growth on the top line for this segment of 233% following full-year 2018 billed sales of $360K in comparable items and services.
Management anticipates strong top line growth across operational segments in 2019 due to the timing of its strong CBD products launch and its new Health and Wellness segment, coming just on the heels of the historic signing of the 2018 Farm Bill, as well as the Company's overhaul of its Besado Tequila brand.
ISBG CEO, Terry Williams, stated, "The removal of hemp from federal prohibition under the Controlled Substances Act of 1970 will, according to all analysis we have received, indeed mean a broad expansion in the scale and scope of the total U.S. hemp industry. And experts expect this to have a dramatic and disproportionately positive impact on growth in the hemp-derived CBD products market segment. We expect this to be a major performance driver for ISBG Health and Wellness in 2019."
The Company also anticipates sharply improved overall efficiency given the development of its hybrid blockchain based system with implementation of IoT devices that complement each other for a better managed supply chain. The Company has begun to integrate this system with tagging for supply chain management, allowing for GPS tracking, geospatial coordination, temperature monitoring and additional features, including enabling features such as NFC and RFID chips to register information and eliminate unnecessary input and output record management tasks.
"With our expansion into the CBD products space, we now have enough logistical complexity to materially streamline costs through the implementation of our new supply chain technology," continued Mr. Williams. "Everything is suddenly coming together right now for this Company - the Farm Bill, strong early growth in our new Health and Wellness division, our Besado overhaul, our integration of our hybrid supply chain management system. It's an extremely exciting time for ISBG.
LAS VEGAS, NV, Jan. 17, 2019 (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 & Spiritsand CBD-Infused Products markets, is thrilled to announce its first purchase order for the Company's new P19 CBD Gummies. The order exceeds $115K. In addition, the Company now anticipates revenues from its recently launched Health and Wellness segment to top $300K during Q1 2019 based on orders for CBD Gummies and other new product releases. That would represent potential annualized y/y growth on the top line for this segment of 233% following full-year 2018 billed sales of $360K in comparable items and services.
Management anticipates strong top line growth across operational segments in 2019 due to the timing of its strong CBD products launch and its new Health and Wellness segment, coming just on the heels of the historic signing of the 2018 Farm Bill, as well as the Company's overhaul of its Besado Tequila brand.
ISBG CEO, Terry Williams, stated, "The removal of hemp from federal prohibition under the Controlled Substances Act of 1970 will, according to all analysis we have received, indeed mean a broad expansion in the scale and scope of the total U.S. hemp industry. And experts expect this to have a dramatic and disproportionately positive impact on growth in the hemp-derived CBD products market segment. We expect this to be a major performance driver for ISBG Health and Wellness in 2019."
The Company also anticipates sharply improved overall efficiency given the development of its hybrid blockchain based system with implementation of IoT devices that complement each other for a better managed supply chain. The Company has begun to integrate this system with tagging for supply chain management, allowing for GPS tracking, geospatial coordination, temperature monitoring and additional features, including enabling features such as NFC and RFID chips to register information and eliminate unnecessary input and output record management tasks.
"With our expansion into the CBD products space, we now have enough logistical complexity to materially streamline costs through the implementation of our new supply chain technology," continued Mr. Williams. "Everything is suddenly coming together right now for this Company - the Farm Bill, strong early growth in our new Health and Wellness division, our Besado overhaul, our integration of our hybrid supply chain management system. It's an extremely exciting time for ISBG.
