ISBG Books First Major CBD Purchase Order, Sees Accelerating 2019 Financial Performance
January 17 2019 - 7:23AM
InvestorsHub NewsWire
LAS VEGAS, NV -- January 17, 2019 -- InvestorsHub NewsWire --
International Spirits and Beverage Group Inc. (OTCQB:
ISBG) (“ISBG” or the “Company”), a top-tier brand
incubator in the Global Wine & Spiritsand CBD-Infused
Products markets, is thrilled to announce its
first purchase order for the Company’s new P19 CBD Gummies. The
order exceeds $115K. In addition, the
Company now anticipates revenues from its recently
launched Health and Wellness segment to top $300K during Q1 2019
based on orders for CBD Gummies and other new product releases.
That would represent potential annualized y/y growth on the top
line for this segment of 233% following full-year 2018 billed sales
of $360K in comparable items and services.
Management anticipates strong top line growth across operational
segments in 2019 due to the timing of its strong CBD
products launch and its new Health and Wellness
segment, coming just on the heels of the historic signing of the
2018 Farm Bill, as well as the Company’s overhaul of
its Besado Tequila brand.
ISBG CEO, Terry Williams, stated, “The removal of hemp from
federal prohibition under the Controlled Substances Act of
1970 will, according to all analysis we have received, indeed
mean a broad expansion in the scale and scope of the total
U.S. hemp industry. And experts expect this to have a dramatic
and disproportionately positive impact on growth in the
hemp-derived CBD products market segment. We expect this to be
a major performance driver for ISBG Health and Wellness in
2019.”
The Company also anticipates sharply improved overall
efficiency given the development of its hybrid blockchain
based system with implementation of IoT devices that
complement each other for a better managed supply chain. The
Company has begun to integrate this system with tagging
for supply chain management, allowing for GPS tracking, geospatial
coordination, temperature monitoring and additional features,
including enabling features such as NFC and RFID chips to register
information and eliminate unnecessary input and output record
management tasks.
“With our expansion into the CBD products space, we now have
enough logistical complexity to materially streamline
costs through the implementation of
our new supply chain technology,” continued
Mr. Williams. “Everything is suddenly coming together right
now for this Company – the Farm Bill, strong early growth in our
new Health and Wellness division, our Besado overhaul,
our integration of our hybrid supply chain management system.
It’s an extremely exciting time for ISBG!”
About ISBG: International Spirits and Beverage Group (ISBG) is
an authorized importer, licensor, and marketer of premium beverage
brands, with sales of innovative products and brands worldwide.
Based in Nevada, the Company's expertise lies in the strategic
development and aggressive early growth of its brands and the
establishment of these brands as viable and profitable as an
incubator. ISBG intends to nurture emerging brands through critical
stages of market development, including conceptualization,
go-to-market strategy, supply chain and logistics engineering,
integrated marketing, and distribution. In addition, ISBG has now
established itself as a health and wellness company with a focus on
reshaping the CBD products market through state-of-the-art
nanotechnology processes, developing a wide range
of nano-infused CBD gummies and beverages formulations. These
products will be sold through the Company’s website, as well as
through established wholesale and retail distribution channels. The
company has also partnered with Bengala Technologies to
develop and commercialize enterprise and B2B software technology
products targeting the logistics and supply-chain marketplace.
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