ISBG Announces Regulatory Approval for Official Corporate Name Change
July 17 2019 - 9:21AM
InvestorsHub NewsWire
ISBG Announces Regulatory Approval for Official Corporate Name
Change
LAS VEGAS, NV -- July 17, 2019 -- InvestorsHub NewsWire --
International Spirits & Wellness Holdings, Inc. (OTCMKTS: ISBG)
(“ISBG” or the “Company”), a top-tier brand incubator in the Global
Wine & Spirits and CBD-Infused Products markets, is excited to
announce that, based on the Company’s high level of transparency,
Financial Industry Regulatory Authority, Inc. (“FINRA”) has
approved the Company’s official name change to “International
Spirits & Wellness Holdings, Inc.” (from “International Spirits
& Beverage Group, Inc.”).
Click HERE to view the approval of the Company’s name
change on the official FINRA website.
“With the dramatic rise of our Health and Wellness segment, and
our thriving CBD products business, it was clearly time to bring
our company name into alignment with our underlying narrative,”
commented Terry Williams, ISBG CEO. “Our Spirits business remains
on very solid footing. But we see our Wellness business as the more
robust growth driver in the quarters ahead given the truly
remarkable boom conditions currently prevailing in the CBD products
space.”
Management believes that the name of a company is the first line
of awareness for a current or prospective investor. And having that
factor out of alignment with the rest of the narrative defining the
company can be a serious impediment for representing the value of a
share of ownership in that company. This is true under normal
conditions, but it may be peculiarly true when a company has
significant sales and operations in perhaps the defining boom of
the current decade, but a corporate name that directly distracts
from that idea.
As such, the Company believes that a name change was imperative
given both the dramatic growth underway in its Health and Wellness
segment, and continued strong signals demonstrated by published
analyst research for the CBD marketplace overall.
Specifically, new projections from the Brightfield Group in its
June report suggest, if anything, a further acceleration in the
overall growth of the CBD space, and some suggestion that this
acceleration is being driven by an increasingly tangible jump in
mainstream consumer adoption of CBD-based products. Specifically,
the report notes that 2019 will show a 700% jump relative to 2018
levels for all domestic sales of CBD-based products, with 2019 on
pace to exceed $5 billion in total sales of products containing CBD
given current data. In addition, according to the Brightfield Group
researchers, much of this jump will be due to sales in mainstream
retail chain stores.
”We are excited to get this name change through FINRA,”
continued Mr. Williams. “We have an extremely strong story right
now, with several products already at market and driving robust
sales. This step should reduce the cognitive hurdle in front of
anyone who wishes to appreciate that story.”
About ISBG: International Spirits & Wellness Holdings, Inc.
(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 Spirits & Wellness Holdings, Inc.
info@isbg.global