International Spirits and Beverage Group Inc. (OTCPK:ISBG) (ISBG or the Company),a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, is excited to issue the following corporate update as the Company continues to rapidly expand into the CBD marketplace and develop its award-winning Mexican-distilled Reposado and Anejo formulations of the Besado Tequila brand.
As one facet of the Companys 2018 turnaround, total Authorized Shares were dropped to an abnormally low level (down to 200 million). Many of our direct competitors have share authorization for tens or even hundreds of billions of shares, noted Terry Williams, CEO of ISBG. We have been adamant that we would never dilute our loyal and valued shareholders. But we may have taken that restriction too far last year, and it is our responsibility to not allow our enthusiasm for streamlining capitalization to become restrictive for core business development and partnership formation.
As such, the Company is modestly expanding Authorized Shares up to 500 million to allow for limited issuance of Restricted Shares as needed during its rapid growth phase in 2019.
This move comes in anticipation of the release of up to 12 new CBD-based products, including CBD shots, CBD tinctures, and CBD infused beverages. The Company recently released its first CBD product,P19 CBD Gummies, a 10 x 25mg, nano-infused pure CBD formulation designed for superior bio-availability, potency, and purity.
Live sales of the P19 CBD Gummies are currently underway at www.buyp19.com. Additional products will be rolled out by the Company over coming weeks, culminating in the release of CBD-infused beverages this spring.
In addition, the Company is continuing to develop its Mexican-distilled Anejo and Reposado versions of its Besado Tequila brand.
Mr. Williams continued, This is an exciting time for ISBG. The 2018 US Farm Bill has powerfully boosted our expectations for financial performance this year in our Health and Wellness segment, and we continue to close in on what we believe will represent a genuine breakthrough brand in our Spirits segment as we prepare for the release of Besado Reposado and Besado Anejo tequilas, authentically produced in an award-winning Mexican distillery.
About ISBG: International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company's expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Companys website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.
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).
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