LAS VEGAS, June 27, 2017 (GLOBE NEWSWIRE) -- International Spirit and Beverage Group Inc., (a Nevada Corporation) (OTCPK:ISBG) is pleased to announce that the Company has agreed to terms with Blackbridge Capital, LLC and GPL Ventures, LLC to fund up to $10 million upon filing a registration statement on Form S-1 to be submitted to the Securities & Exchange Commission (SEC).
“We looked at International Spirit and Beverage Group and saw a unique opportunity in the micro-cap space for a growing, recognizable liquor brand,” said Alexander Dillon, Blackbridge Capital’s Chief Investment Officer. “Further research revealed a perfect fit for our investment criteria and our catalyst driven profile. With competitors being acquired at record high multiples, ISBG is well positioned to benefit from a breakout in the alcoholic beverage business, most notably in the tequila sector.”
The most recent and high profile acquisition involved the sale of George Clooney’s Casamigos Tequila. After just four years on the market, alcohol beverage giant Diageo doled out a healthy $1 billion for Casamigos Tequila.
“Management has demonstrated a steady hand and prudent decision making throughout the most difficult phases in launching a new brand,” Dillon said. “We look forward to working with the Company and Mr. Pierce and we firmly believe our investment will serve to fulfill larger orders and continue crucial marketing efforts to put Besado on retail store shelves and behind bars nationwide.
Proceeds from the S-1 will be directed at supporting and growing the Besado Tequila brand both domestically and abroad. Production will be moved to Mexico to produce the Platinum (Blanco) and upcoming Reposado and Anejo offerings. Sales and marketing initiatives will be focused on supporting growth and increasing brand awareness. Proceeds will also go to secure key talent and personnel to support all aspects of management, operations, sales and marketing. Development of additional brands will continue as well as potential key acquisitions aimed at complimenting the ISBG portfolio and firming up the Company as an innovative brand incubator within the wine and spirit industry.
“This funding will help us take the next step in expanding the Besado footprint and as well as completing the full Besado line extension out of Mexico,” said CEO Terry Williams. “The Besado Reposado and Anejo are sure to be the best ever engineered tequila and will exponentially increase the value of ISBG and the portfolio of its shareholders.”
This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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
About Blackbridge: Blackbridge Capital, LLC, based in New York, is a leading alternative investment fund focused on high growth investments in small to mid-cap companies. Founded with a vision to forge long lasting relationships, the firm is focused on understanding what their portfolio companies need to accelerate growth, and how investment capital can propel them. For more information, visit: www.bbridgecapital.com.
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.
For Additional Investor Information: International Spirit & Beverage Group, Inc. info@isbg.global