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Las Vegas, Nevada--(Newsfile Corp. - July 12, 2018) - International Spirits and Beverage Group Inc. (OTCQB: ISBG) ("ISBG" or the "Company"), a top-tier brand incubator in the Global Wine & Spirits market, is excited to announce that the Company has been officially approved by the OTC Markets Group (the "OTC") to transition shares from the Pink Sheets and onto the OTCQB "Venture Market" tier.Shifting from the Pink Sheets and onto the OTCQB exchange demands ...
International Spirits and Beverage Group Inc. (ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, is excited to announce that the Company has been officially approved by the OTC Markets Group (the “OTC”) to transition shares from the Pink Sheets and onto the OTCQB “Venture Market” tier. Having successfully completed this step, management for the Company believes that the transition will provide better access to institutional investors, a broader shareholder base, and greater credibility with the Company’s partners, clients, stakeholders, and customers, as well as with the wider investment community.
The total number of shares authorized for potential issuance has been reduced by the Company from 480 million to 220 million. In addition, the total number of current outstanding shares issued and owned by shareholders has been reduced from 99.91 million down to 48.7 million. Management notes that this move represents a dramatic streamlining of cap table risk for shareholders, with a 54% and 51% narrowing of potential share issuance and total outstanding shares, respectively.
International Spirits and Beverage Group Inc. (ISBG) (“ISBG” or the “Company”), a Nevada Corporation, is proud to announce that, with the conclusion of the Company’s profitable quarter ended March 31, 2018, ISBG has deployed a portion of those profits to repurchase and retire $50k of outstanding Company debt. The move follows a reduction in convertible debt and a balance sheet positive refinancing already conducted by the Company over recent months.
ISBG has already successfully completed the mandatory two-year audit process through an engagement with a highly respected PCAOB registered CPA firm specializing in audit and assurance accounting services. The Company is now in full compliance with all OTC requirements, is fully eligible for this uplisting, and has now formally submitted its application to the OTC to complete the process.
International Spirits and Beverage Group, Inc. has also secured distribution in Georgia, a brand building market, for Besado. We believe that this expansion along with the recent acquisition of RWB “America’s Vodka” will be the catalyst to improved performance within our supply chain networks and also give us additional security with compliance and regulatory agencies. Additional experienced sales staff, larger national accounts, and reliable distillers and bottlers will help set us on a course for long-term success. We will continue our promotional initiatives that we launched in 2017 and will be making many new exciting announcements over the coming months that will drive both top line revenues and bottom line profits. About ISBG: ISBG is a Nevada-based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands.
International Spirits and Beverage Group Inc., (a Nevada Corporation) (ISBG) is preparing to expand its newly acquired RWB Ultra Premium Handcrafted Vodka nationally, with a re-launch of it’s award winning, gluten free, craft vodka. RWB, standing for “Red, White, and Blue”, takes a patriotic nod to American craft distilling. The craft segment continues to heat up in the industry and we look forward to expanding RWB nationwide,” states Alonzo Pierce, Chairman of ISBG.
International Spirits and Beverage Group Inc., (a Nevada Corporation) (ISBG) is preparing to expand operations and hopes to fulfill aggressive 2018 plans following successful completion of PCAOB corporate audit. “As ISBG is preparing upcoming corporate filings we have finalized our objectives for this year and are fully committed to accomplishing our goals,” states Alonzo Pierce, Chairman of ISBG. “Accomplishing our audit and the subsequent filings ahead are major stepping stones for ISBG.
International Spirits and Beverage Group Inc. (a Nevada Corporation) (ISBG), is proud to announce the finalization and successful completion of PCAOB corporate audit. ISBG has been working side by side with M&K CPAS, PLLC in order to complete the 2016 and 2017 corporate audit to become fully reporting. This is a major step for ISBG and I am very confident, more so than ever, in the company’s future outlook,” states Alonzo Pierce, Chairman of ISBG.
LAS VEGAS, Dec. 20, 2017 /PRNewswire/ -- International Spirits and Beverage Group Inc., (a Nevada Corporation) (ISBG) was pleased to hear that the demand for American spirits continued its growth trajectory for the better part of 2017 according to data collected by the Distilled Spirits Council. In the first half of the year the largest growth category was American whiskeys including Bourbon, Tennessee Whiskey and American Rye, which rose nearly $27 million to $464.6 million, up 6.1 percent. But, smaller categories of other American spirits showed strong increases such as vodka, up 51.2 percent or $11.4 million to $33.6 million total. "We are encouraged to see that the export market for American spirits is continuing to grow. With our recent acquisition of the award-winning, all-American RWB Vodka, we believe we have the quintessential American spirit to feed into that demand," commented Alonzo Pierce, Chairman, ISBG.
LAS VEGAS, Dec. 12, 2017 /PRNewswire/ -- International Spirit & Beverage Group, Inc., (a Nevada Corporation) (ISBG) is pleased to announce that the Company completed a distribution deal with its East Coast distributor for a container of product. "This sale is in excess of $100,000 and is the next step in proving that Besado Tequila, our flagship brand, is gaining market appeal and will continue to draw attention within the custom craft alcohol segment," commented Alonzo Pierce, Chairman, ISBG.