LAS VEGAS, April 11, 2017 (GLOBE NEWSWIRE) -- International Spirit and Beverage Group Inc., (a Nevada Corporation) (OTCPK:ISBG) announced today growth initiatives for the brand management company, as well as its flagship product, Besado Platinum Tequila™, which is expected to achieve a 300% increase during Q1-2017 compared to the previous quarter as the Company prepares to fulfill a significant number of outstanding purchase orders for Besado Platinum Tequila™ from distributors. With these revenues, added to the revenues from growing online sales (www.besadotequila.com), ISBG is well positioned for significant growth in 2017 and 2018.
Most importantly, for ISBG and its shareholders, the company has successfully managed through a series of 'toxic' financing facilities with investment groups that converted over 1.27 billion shares, which ultimately placed downward pressure on the company's market price, dropping it from a high of $0.024 in 2015.
ISBG is proud to announce that there are no additional, only what has been published in the financials, outstanding toxic financing facilities that would allow debtors to convert any more Company stock as of this writing.
Recently, the Company increased the number of authorized shares to 4.95 billion shares with the purpose being to have available, only if necessary, some additional restricted shares to be utilized as part of the acquisition of profitable entities as well as to satisfy the shares owed to the Top Shelf Brands shareholders of record.
ISBG prides itself in working hard to ensure the long term success of the company and seeks to comply with all regulatory rules to file financials in a timely manner and to report material events accordingly. As such, all investors will be responded to in a public forum by way of press release or public recording. No individual emails or calls will be responded to with regards to any Company updates.
About ISBG: ISBG is a Nevada-based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands and establishing these brands as viable and profitable. ISBG intends to build its own brands while seeking out individual acquisition candidates to continue to develop its pipeline of new brands into the ISBG portfolio. For more information visit: www.isbg.global
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 the Securities and Exchange Commission and available at www.sec.gov.