LAS VEGAS, May 07, 2019 (GLOBE NEWSWIRE) — — International Spirits and Beverage Group Inc. (OTCMKTS: ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Adult Beverage and CBD-Infused Products markets, is proud to announce that the Caveat Emptor designation from the OTC Markets Group (the “OTC”) has been officially removed and the Company is fully current on its financial reporting.
“We would like to thank the excellent team at the OTC for working with us diligently to correct our misunderstanding, file all necessary records, and affirm our fully current status,” commented ISBG CEO Terry Williams. “We continue to drive value for our shareholders through both our Adult Beverage and Health and Wellness divisions, and we have never been so optimistic about the Company’s growth potential as we look ahead to coming quarters. As such, it’s particularly exciting to shed the extra weight of this designation and focus 100% of our energy on maximizing returns.”
The Company has recently completed a major production run with its premium Besado Tequila brand, incorporating leading-edge Internet-of-Things and blockchain technology in the process to streamline costs and ensure the most optimal customer quality control as the product moves from raw inputs to customer end-market interactions.
In addition, the Company’s enormous strides in its Health and Wellness division continue to drive much of the growth function for its robust 2019 revenue path. The introduction of its “P19” branded line of CBD-based products continues to gain market traction, and the company plans to further build out the diversity of this offering given the quick traction established by its initial products in the marketplace.
Management also notes that the dramatic growth context now characterizing the cannabis, hemp, and CBD industries – with some analysts now calling for as much as 20x growth in the CBD space alone over the next 36 months following the signing of the US Farm Bill in December – has introduced a dangerous dynamic of “pretenders” in the marketplace, making it all the more important for ISBG to maintain its first-rate standing and credible and transparent financial data with the OTC.
“According to the analysts, every dollar invested in the CBD market right now could be worth as much as twenty times that much in a very short time,” continued Mr. Williams. “It is our responsibility to deliver that result to our shareholders. Resolving these issues with the OTC team invites institutional investors, a broader shareholder base, and greater credibility with the Company’s partners, clients, stakeholders, and customers, so we can get back to optimizing our path forward, armed with some best-in-class logistics technology to fully monetize our huge strides in topline growth.”
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 Company’s 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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International Spirit & Beverage Group, Inc.