ISBG Files S-1 and Expands Operations
July 31 2018 - 7:56AM
InvestorsHub NewsWire
Las Vegas, NV -- July 31, 2018 -- InvestorsHub NewsWire --
International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG”
or the “Company”), a Nevada Corporation, is excited to announce the
filing of a new S-1 registration with the SEC to raise funding to
fuel the Company’s growth agenda and expand operations for the
second half of 2018.
ISBG President and Chairman, Alonzo Pierce, commented, “Our
tremendous progress over the past year has had a number of positive
consequences that are starting to come into play as we strategize
for coming quarters. We have successfully streamlined our cap table
and balance sheet, uplisted shares onto the OTCQB exchange, and
widened our distribution footprint to foster new revenue growth.
With this additional capital, we will be moving production of our
Besado Tequila to Mexico, solidifying a strategic partnership with
a leading supply chain technology firm, and attaining targeted
management additions to further strengthen our team.”
The S-1 filing provides for the pricing of the offering at
$0.035/share and up to $517K in new capital resources, the vast
majority of which will be applied toward new strategic and
operational expansion.
Mr. Pierce continued, “Innovation is a critical aspect to our
growth and positioning as an industry-leading brand incubator in
the craft spirits space. In fact, recent changes to the legislative
landscape around CBD have piqued our interest as well. From dynamic
brand creation to supply chain technology, ISBG aims to be a leader
in innovation. We have some big announcements on the way and look
forward to an exciting second half of the year.”
About ISBG: ISBG is a Nevada-based alcoholic beverage company
specializing in the development, marketing and global sales of
innovative wine and spirits brands. The Company's expertise lies in
the strategic development and aggressive early growth of its brands
and establishing these brands as viable and profitable. ISBG
intends to build its own brands while seeking out individual
acquisition candidates to continue to develop its pipeline of new
brands into the ISBG portfolio. For more information visit:
www.isbg.global
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).
Contact: For Additional Investor Information: International Spirit & Beverage Group, Inc. info@isbg.global