Innovation Beverage Group Receives
Largest Shipment of its Top-Selling Bitters to Date in the
U.S.—Ready to Meet Growing Demand from Expanding Distribution
Network
IBG's
award-winning
Australian Bitters Company brand is one of the top
telling bitters brands in Australia
Seven Hills, Australia, October 29, 2024 --
InvestorsHub NewsWire -- Innovation Beverage
Group Ltd, ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer,
and marketer of a growing beverage portfolio of 60 formulations
across 13 alcoholic and non-alcoholic brands, announced today that
through warehouses in the U.S., the Company has received its
largest shipment of Australian Bitters Company and BITTERTALES
brands to serve its expanding distribution network.
Recently, IBG
announced that its Australian Bitters Company brand is now
available nationwide through Sysco and is the first bitters to be
sold by the global leader in foodservice distribution. IBG's
bitters brands are produced at its state-of-the-art U.S. FDA and
GMP certified facility in Australia and shipped worldwide.
"We now have our
U.S. warehouses stocked with ample supplies of our bitters brands
to meet demand from our rapidly expanding distribution network in
North America," stated IBG's CEO Dean Huge. "Major retail chains
and additional large distributors are currently considering adding
Australian Bitters Company and BITTERTALES to their offerings and
we are ready to deliver."
IBG's flagship
product, Australian Bitters Company, hand crafted in small batches
in Australia from the finest natural botanical herbs and spices,
won the Gold Medal at the Los Angeles Spirts Awards in 2018.
BITTERTALES, the Company's premium cocktail brand, won Best
in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a
Gold Medal at the 2018 and 2021 LA Spirits Awards.
About Innovation Beverage Group
Innovation Beverage
Group is a developer, manufacturer, marketer, exporter, and
retailer of a growing beverage portfolio of 60 formulations across
13 alcoholic and non-alcoholic brands for which it owns exclusive
manufacturing rights. Focused on premium and super premium brands
and market categories where it can disrupt age old brands, IBG's
brands include Australian Bitters, BITTERTALES, Drummerboy Spirits,
Twisted Shaker, and more. IBG's most successful brand to date is
Australian Bitters, which disrupted a 200-year-old market leader,
giving the Company a market dominating position in several
territories including a partnership in Australia with Coca-Cola
Europacific Partners. Established in 2018, IBG's headquarters,
distillery, innovation, and manufacturing facility are located in
Sydney, Australia with a U.S. sales office is located in New
Jersey. For more information visit: www.innovationbev.com.
Forward Looking Statement
This press release
contains "forward-looking statements" and "forward-looking
information." This information and these statements, which can be
identified by the fact that they do not relate strictly to
historical or current facts, are made as of the date of this press
release or as of the date of the effective date of information
described in this press release, as applicable.
The forward-looking
statements herein relate to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, or future events or
performance (often, but not always, using words or phrases such as
"expects," "anticipates," "plans," "projects," "estimates,"
"envisages," "assumes," "intends," "strategy," "goals,"
"objectives" or variations thereof or stating that certain action
events or results "may," "can," "could," "would," "might," or
"will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions) and include, without
limitation, statements with respect to projected financial targets
that the Company is looking to achieve.
All forward-looking
statements are based on current beliefs as well as various
assumptions made by and information currently available to the
Company's management team. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts,
projections, and other forward-looking statements will not be
achieved or that assumptions do not reflect future experience. We
caution any person reviewing this press release not to place undue
reliance on these forward-looking statements as several important
factors could cause the actual outcomes to differ materially from
the beliefs, plans, objectives, expectations, anticipations,
estimates, assumptions, and intentions expressed in such
forward-looking statements. These risk factors may be generally
stated as the risk that the assumptions and estimates expressed
above do not occur.
The Company does
not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Company or
on behalf of the Company except as may be required by law.
Contact:
TraDigital IR
John McNamara
917-658-2602
John@tradigitalir.com