Charleston, S.C., March 9, 2021 – — Charlestowne Premium Beverages Inc. (OTC Pink: FPWM) CEO Martin Ustin announced a new plan to propel the Company forward. The plan focuses on short-term goals of eliminating debt, increasing transparency for investors, and, thus, investor confidence, and taking steps to up-list to OTCQB with audited financial statements and filings. The Company already took steps to be current with its OTC filing obligations.
The last step in the strategy aims to augment the Net Stockholders’ Equity in the Company by acquiring or joint venturing with profitable business operations and/or assets. The Company is actively pursuing alcoholic beverage market opportunities and is reigniting its niche sector by promoting natural hemp CBD-infused alcoholic beverages.
Charlestowne Premium Beverages Inc CEO Martin Ustin said: “This new plan and strategy is necessary to attract investment and equity into our company. We want to build investor confidence, so we are committing to remove affiliate and non-affiliate debt, become fully reporting with the SEC, and file audited financial statements. We are committed to achieving these goals with transparency and teamwork driving our focus.”
Ustin further stated, “We have a team of qualified professionals to implement our strategy and are taking the steps to upgrade our reporting and regulatory representation to further this agenda. Furthermore, we will foster a more transparent dialogue with investors, providing clarity and detail throughout the implementation of our objectives. As we meet specific milestones, the investment community will be more aware of our activities and developments.”
About Charlestowne Premium Beverages Inc
Charlestowne Premium Beverages Inc (FPWM) is a company that develops, produces, markets and distributes alcoholic beverages worldwide. The Company’s portfolio showcases spirit brands such as Papa Vodka, Crocodile Tears Vodka, Proprietor’s Reserve Whiskey, and Special Reserve Whiskey.Charlestowne Premium also has Wholesaler and Import permits from the Alcohol and Tobacco Tax and Trade Bureau – the governing body for spirits in the U.S. under the Department of the Treasury.
Safe Harbor Statement: This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward- looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic.