ISBG to Decrease O/S by Almost 50% with Corporate Action

Date : 04/15/2015 @ 4:00PM
Source : PR Newswire (US)
Stock : International Spirits & Beverage Group, Inc. (PC) (ISBG)
Quote : 0.0015  -0.0001 (-6.25%) @ 9:09PM

ISBG to Decrease O/S by Almost 50% with Corporate Action

International Spirit & Beverage (USOTC:ISBG)
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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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/isbg-to-decrease-os-by-almost-50-with-corporate-action-300066345.html

SOURCE International Spirit and Beverage Group, Inc.

Copyright 2015 PR Newswire

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