International Spirit & Beverage Group, Inc. (OTC Pink: ISBG) focuses on innovative alcoholic beverage distribution. Shares of spirits distributor is climbing 28.57%, through early trading on Friday, March 17, 2017. Over the past three months, International Spirit & Beverage Group, Inc. has seen average daily volume of 122.04 million shares. However, volume of 124.19 million shares or dollar volume of $111,771, has already exchanged hands on Friday.
Shares of International Spirit & Beverage Group, Inc. are jumping Friday after the company announced that it has hired Park Street, an industry leader in national back-office management, shipping, importing, warehousing, logistics, inventory, and more. Park Street will help with growing sales and building brands, as International Spirit & Beverage Group, Inc. is able to focus on other growth measures and operations. Here is the full press release detailing of the Park Street hiring:
International Spirit & Beverage Group, Inc. Press Release:
LAS VEGAS, March 16, 2017 (GLOBE NEWSWIRE) — International Spirit & Beverage Group Inc., (a Nevada Corporation) (ISBG) is pleased to announce it has selected industry leading Park Street to provide complete back-of-house management, including compliance, importing, warehousing, shipping, logistics, inventory, supply chain management, receivables and enterprise resource planning services. The deal also provides ISBG with access to full direct-to-retail wholesale distribution in California, New York, New Jersey, and Florida.
“Partnering with Park Street enables us to focus our resources on value-creating initiatives including growing sales, increasing brand equity, and developing compelling new innovative products,” Alonzo Pierce, Chairman & President of International Spirit & Beverage Group, Inc. “Park Street will help us refine our business process, providing us with the critical foundation to properly develop and grow our company. They add a professional and experienced national team to assist and support our growth.”
Park Street will allow ISBG to focus on its true objective – building brands and driving case sales. Park Street provides industry leading menu of back-office solutions, which features a valuable set of reporting and data management tools.
“The combination of Park Street, with their critical national logistics foundation; Passion Spirits, enabling our online sales platform; and our relationship with RNDC (Republic National Distribution Company), one of the nation’s top distributors, collectively places ISBG with the ability to properly grow and develop a true national program for our brands,” said Terry Williams, CEO of International Spirit and Beverage Group. “We finally have our business model in place and look forward to what this year has ahead.”
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 Park Street: Park Street is a technologically driven provider of alcoholic beverage importing, back-office, and enterprise resource planning solutions. Services include, among others, logistics management, order fulfillment, regulatory compliance, accounting, distributor customer service, data management, working capital, and more. Founded in 2003, Park Street serves hundreds of brands from the United States and around the world. For more information visit: www.parkstreet.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.