HOUSTON, April 15, 2015 /PRNewswire/ -- International
Spirit and Beverage Group, Inc. (a Texas Corporation) (OTBPK:ISBG)
announced today that Board of Directors has cast a resolution to
retire shares sent back to ISBG by former FIMA management officials
as part of the stock exchange agreement that was signed for the
reverse merger.
With the retirement of these shares, the outstanding share count
will now be under the 100,000,000 share mark. The company announced
in February that 280,085,000 shares were retired to the treasury
and that the Authorized Shares had been reduced to 1,950,000. Once
the company has determined the exact count of shares retired, a new
O/S number will be officially announced.
"After consulting with our advisors and the Board, we did not
feel it was necessary to keep this huge block of shares on the
books," said Terry Williams, CEO of
ISBG. "On the heels of our last retirement, this action retires
almost 50% of the O/S. I'll call it 'Christmas in April' for our
shareholders as this immediately increases shareholder value."
This sets a strong precedent in terms of building a sound
corporate infrastructure. International Spirit and Beverage Group,
Inc. (ISBG) recognizes that a fiscally sound company with a solid
share structure compliments its cutting edge and stylish brand of
marketing alcoholic beverages. The company will continue to evolve
by implementing innovative marketing techniques that will reach
today's informed alcoholic beverage consumer by keeping up with the
most up-to-date cultural and technological trends.
"With an audit on its way, near future up list, strong
market cap and the apparent room for a great deal of growth, I
would say there is a tremendous upside to being a shareholder in
our company, especially given the recent upswing in volume and
share price," Williams said. "The company continues to eye
potential acquisitions to join the ISBG family, further cementing
its clear status as a luxury brand company that lays claim to
widespread label recognition across multiple cultures."
About ISBG:
International Spirit and Beverage Group, Inc., is an authorized
importer, licensor and marketer of alcoholic beverages. ISBG,
combines innovative marketing with some of the most unique products
their industry has yet seen. The Company's dedication to product
integration throughout key markets is a particularly sound business
practice, revealing the foresight and experience of its leadership
team as well as ISBG overall sustainability. Investors should feel
confident in a commitment to ISBG, Inc., as their entryway into the
proven and resilient alcoholic beverage industry. The Company
vision is to be the ultimate brand builders of the industry by
engaging the consumer and the commerce with unparalleled delivery.
ISBG is undergoing the process of growing its holdings and brands
through events, concerts and celebrity-driven venues to globally
advance growth.
The company website for ISBG is currently under
construction.
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of
ISBG's future operational or financial performance, and are subject
to risks and uncertainties. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release. Due to the risks and
uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Notice Regarding Forward Looking Statements:
This news release contains "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted," and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of
ISBG's future operational or financial performance, and are subject
to risks and uncertainties. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release. Due to the risks and
uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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SOURCE International Spirit and Beverage Group, Inc.