Las Vegas, NV, December 31, 2016 --(PR.com
)-- Increased Besado Platinum Tequila™ Sales Drive Record Revenue for ISBG
International Spirit and Beverage Group Inc. (OTCPK:ISBG) management is pleased to announce that the company will show its second consecutive profitable quarter when ISBG posts third-quarter financials next week. The revenues derived from the expansion of ISBG’s national distribution network and the company’s first international shipment of its Besado Platinum Tequila™ are almost triple the revenues recorded in the second quarter.
Besado Platinum Tequila™ is a revolutionary premium tequila blended with the herbs Ginseng, Maca and Damiana. Besado Platinum Tequila™ is now available in Maryland, New York, New Jersey, Florida, Louisiana and Texas.
“This truly is an indication that ISBG continues to make great strides in grabbing a greater market share of the tequila industry with our Besado Tequila™,” said Terry Williams, IBGS’s Chief Executive Officer. “These are amazing numbers considering that this product only hit the market in a limited release in New York and New Jersey last December.”
ISBG continued to expand its distribution network in the 4th quarter as the company acquired the ability to sell Besado Tequila™ in the great State of Texas. The company was granted its license on Nov. 29 and management expects sales in the Lone Star State to contribute greatly to making the final quarter of 2016 profitable as well.
“This just took OND (October-November-December) to a whole new level,” Williams said. “The purchase orders for Besado Tequila™ in Texas alone are going to make a big dent in our inventory levels.”
The company also wanted to provide an update on various company activities over the past few months.
The company is also working to complete the distribution of ISBG shares to Top Shelf Brands shareholders of record. Management is working with its accountants and auditors to finalize this process.
The audited financials continue to be a top priority for ISBG. The company has cleared most of the major hurdles and expects to have the audited financials for the 2015 and 2016 fiscal years sometime in the first quarter of 2017.
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: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
International Spirit & Beverage Group, Inc.