IRVINE, CA--(MARKET WIRE)--Apr 7, 2009 -- SHOT Spirits Corporation (Other OTC:SSPT.PK - News), the owners of the ShotPak® cocktail recipes and also a 15% ownership in the Beverage Pouch Group which owns and markets both ShotPak® brands, today announces annual financials were released on 3/31/09. The figures reflect a very strong rebound from figures posted one year ago.
Bill Marin, President of SHOT Spirits Corporation, commented, "We are very pleased that from near bankruptcy the Company has emerged stronger and 2009 will see even more significant growth. The latest balance sheet shows assets grew 75.4% to $2,151,269. Stockholders equity improved from a negative ($1,840,365) to ($164,600). Finally the losses were dramatically reduced from ($2,731,698) to ($1,145,216). In summary, the loss per share has improved from ($0,038) to ($0,010). We should remember that all of these strong upward indicators took place in the worst economy this country has seen in 50 years."
R. Charles Murray, CEO of Beverage Pouch Group and Chairman of SHOT Spirits Corporation Executive Committee, replied, "These positive trends show the success of the unique ShotPak® brands and patented pouch has appealed to consumers and the increased sales has helped turn the SHOT Spirits Corporation around. The figures reflect that the Management strategy and technology agreement has worked and 2009, with vastly improved distribution and several celebrity ShotPak® events (see www.rockontherange.com), will see even more positive results."
Information on SHOT Spirits Corporation:
SHOT Spirits Corporation, an Irvine, California-based company since 2003, is an investment company looking to partner with beverage businesses. It offers recipe technology and management skills. The first investment and technology deal is with the Beverage Pouch Group LLC owners of the ShotPak® brands and access to several key pouch patents. The Directors have over 50 years of combined experience and expertise in alcohol distilling, distribution and field marketing, retail placement and promotion as well as consumer trial and adoption. For more information about SHOT Spirits Corporation, please visit us at: www.shotspiritscorporation.com.
Information on Beverage Pouch Group LLC:
Beverage Pouch Group LLC, a Sarasota, Florida-based company since 1996, is the leading provider of StandUp pouch machinery through its parent Company PPi Technologies Global in North America. BPG is a prolific innovator of pouch designs and structures for lifestyle beverages, including Natural and Fortified Waters, all types of cocktails and straight spirits, wines and draft beers in patented soft portable single serve and sustainable StandUp pouches. The Beverage Pouch Group is truly global with plants in Germany, Korea, South Africa and China. BPG's pouch machinery is the industry standard. For more information on the Beverage Pouch Group LLC visit us at: www.beveragepouchgroup.com.
Safe Harbor: Except for statements of historical fact, the matters discussed in this fact sheet are forward looking. These statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These statements include risks and uncertainties that include the Company's ability to attract and retain distributors; changes in demand for the Company's products; changes in the level of operating expenses; changes in general economic conditions that impact consumer behavior and spending; product supply; the availability, amount, and cost of capital for the Company; and the Company's use of such capital and any additional risks factors as discussed in the reports filed by SHOT Spirits Corporation.
Contact:
SHOT Spirits Corporation
9272 Jeronimo Road, Suite 122
Irvine, CA 92618
Tel: 800.511.5609 / 866.768.2477
http://www.shotspiritscorporation.com
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