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Charleston, South Carolina--(Newsfile Corp. - February 5, 2020) - 1st Prestige Wealth Management (OTC Pink: FPWM), announces it will now operate under its new name, Charlestowne Premium Beverages Inc. The rebrand follows the acquisition of the developer and wholesaler of the alcoholic and non-alcoholic beverages that share the same name.
"The decision to change the Company name comes as part of the acquisition of Charlestowne Premium brands and a desire to reinforce the symbiotic relationship we have with the brand. We are looking at a new direction as a Company and have set our sights on the alcoholic beverage market where we hope to carve a niche within the CBD infused beverage landscape. The CBD market is growing extensively in the US, so that presents a huge market opportunity," added Martin Ustin, CEO at 1st Prestige Wealth Management. "We are entirely aligned in terms of mission and goals, so it made sense to unite the company under that name. I look forward to announcing our short-term plans in the next few weeks and keeping our investors and stakeholders up to date through our corporate communications and press releases."
Although the company name will change, the market ticker will remain the same under FPWM.
About Charlestowne Premium Beverages Inc
Charlestowne Premium Beverages Inc (OTC Pink: 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 Lord Proprietor's 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 with the Securities and Exchange Commission. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52107