MIAMI, Oct. 10, 2016 (GLOBE NEWSWIRE) -- Blue Water Bar & Grill, Inc. (OTCQB:BWBG), a diversified developer of Caribbean casual dining restaurant properties and ultra premium rums under the Tiger Reef™ brand, announces it has established a new International Business Company (IBC) subsidiary in Anguilla, British West Indies. This new holding company was established under the name TIGER REEF SPIRITS, LTD.
Tiger Reef Spirits, Ltd. will produce and sell a line of ultra premium rums under the Tiger Reef™ brand in the US as early as Summer 2017 with planned expansion of the brand into other major markets in subsequent years.
Blue Water chose to domicile its new distilled spirits division in Anguilla to take advantage of various corporate benefits offered through an Anguilla IBC, including a zero corporate tax rate and various beneficial liability and indemnification protections extending to Blue Water’s shareholders and employees. Blue Water is also evaluating the feasibility of redomiciling the publicly traded parent company (BWBG) in the future to Anguilla as well.
About Blue Water Bar & Grill
Blue Water Bar & Grill, Inc. is a diversified developer of Caribbean casual dining restaurant properties under the Blue Water Bar & Grill™ brand and ultra premium rums under the Tiger Reef™ brand. For more information, visit www.bluewaterbar.com.
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Blue Water Bar & Grill, Inc. (“Blue Water”) assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws. For a description of additional risks and uncertainties, please refer to Blue Water’s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report filed on Form 10-K.
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Source:Blue Water Bar & Grill, Inc.