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ISBG to Acquire RWB Vodka in Asset Deal

LAS VEGAS, Sept. 12, 2017 (GLOBE NEWSWIRE) -- International Spirits and Beverage Group Inc., (a Nevada Corporation) (OTCPK:ISBG) is pleased to announce that the company has agreed to terms with the Aristocrat Group Corp. (OTCPK:ASCC) to acquire the assets of ASCC, which includes its signature brand, RWB Vodka.

RWB Vodka is a gluten-free, handcrafted vodka which is distilled from Idaho Russet potatoes using mountain spring water. RWB Vodka racked up its fair share of awards when it was introduced into the marketplace, including a platinum award honor at the 2014 Sip Awards.

“RWB Vodka is exactly the type of brand we were looking to add to our portfolio,” said Terry Williams, CEO of International Spirits & Beverage Group. “There is incredible upside here as this is a niche brand that is already generating revenue. With the distribution network ISBG already has in place, we should be able to quickly expand the footprint of this smooth tasting ultra-premium vodka.”

With both companies eager to complete the transaction, lawyers from both sides have made closing this deal a priority and have already made tremendous inroads in getting through the mountain of paperwork that needs to be completed and filed with the appropriate regulatory agencies.

While neither company will be immediately disclosing the terms of the deal, the recently filed reverse split by ISBG is tied to the acquisition.

“With Aristocrat trading around two cents, we had to level the playing field so to speak,” Williams said. “The beauty of the asset acquisition is that the transaction is far less complicated than a stock purchase, has tremendous tax advantages (Goodwill can be amortized for tax purposes over a period of 15 years) and we were able to specify what liabilities we were willing to assume.”

Senior management officers from both companies are hoping the deal will be completed by September 30, sooner if possible.

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 OTC Markets (www.otcmarkets.com).

For Additional Investor Information: International Spirits & Beverage Group, Inc. info@isbg.global

Source:International Spirit & Beverage Group, Inc.