Analyst Coverage Initiated; International Spirit & Beverage Group, Inc. (OTCMKTS: ISBG)
June 13 2016 - 8:00AM
InvestorsHub NewsWire
Houston, TX -- June 13th,
2016 -- InvestorsHub NewsWire -- International Spirit & Beverage Group, Inc.
(OTCMKTS:
ISBG) a real estate acquisition, development, and consulting
company, recently announced that the company's Board of Directors
have agreed to buy up to 300 million shares of common stock in the
market of ISBG and pull the certificates from the float. This is an
act of confidence in the company's future. When the board of
directors buys stock in the market their stock becomes restricted
for one year. The Board feels that they have put together a
phenomenal plan to bring continual revenues to the company and in
an effort to build greater shareholder confidence is buying their
own stock. When the board buys stock they will announce their
purchases to the public. They expect to start buying common stock
in the market this week. The company has also filled out all the
necessary paperwork to establish a brokerage account to execute the
plan to buy-back shares of its common stock from the public market,
and reduce the float substantially. The company expects the account
to be opened this week. The Board of Directors has agreed
that a percentage of revenues derived from contracts will be used
for buyback program. The company will make announcements on new
revenue projects shortly that will enhance the buyback
program.
For a more
detailed research report with analyst comments on
International Spirit & Beverage
Group, Inc. (OTCMKTS:
ISBG) please follow the link. There
is no cost obligation required to view analyst brief: http://bit.ly/25UpQqb-ISBG-ANALYST-REPORT
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