ISBG Releases Upward Revision to Revenue Guidance
July 30 2019 - 8:15AM
InvestorsHub NewsWire
ISBG Releases Upward Revision to Revenue Guidance
LAS VEGAS, NV -- July 30, 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 proud to
issue upwardly revised guidance on the Company’s revenue outlook
for fiscal third-quarter and 2019 full-year performance data.
“Excess growth is coming from our Health and Wellness division,”
commented ISBG CEO, Terry Williams. “This is not entirely a
surprise. We anticipated growth from our CBD products segment. But
we underestimated the growth potential of our home health caregiver
segment, which is now also folded into Health and Wellness. We
continue to pick up new clients at a very robust rate, and that
needs to be figured into our top line outlook.”
Management notes that fiscal Q2 produced over $165,000 in
overall sales from the Company’s Health and Wellness division,
which represents 120% sales growth on an annualized basis. The
Company believes this is likely also an underrepresentation given
the strong likelihood of sequential quarterly growth continuing in
Q3 and Q4 based on the unit-level dynamics of the home health care
marketplace and the momentum already established.
The Company has also begun a search for top-tier advisory board
members with significant experiential capital in the CBD product
development and incubator niche. Management believes there remains
significant upside growth potential as ecommerce brand development,
marketing, and sales are paired up with an aggressive physical
retail distribution strategy for the P19 CBD product line over
coming quarters.
Mr. Williams continued, “2019 is a pivotal year for ISBG. Make
no mistake about it. We are a very different company now compared
to last year. Ultimately, that’s why we changed our name. And that
strategic shift is starting to bear fruit in the form of
accelerating sales growth.”
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