LAS VEGAS, NV, December 27, 2018 – International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, and Bengala Technologies LLC, (“Bengala”), a development firm specializing in tailored technology solutions with an expertise in blockchain and distributed ledger technology – together, the ISBG-Bengala Blockchain Project (the “Project”) – are excited to announce further progress toward the release of a logistics and supply-chain management platform that tracks all elements involved in the production of spirits leading from farmer to retailer – including registering, moving, tracking, selling, buying, quality control, paperwork, importation, exportation, taxes, and inventory.
Project leaders cite recent revelations about widespread counterfeiting in the premium aged Scotch whiskey market as a clarion call sign that this technology is an important innovation for the marketplace.
“It’s terrible to see clear evidence of counterfeiting in the premium Scotch market,” commented Arnaldo A. Detrés, CEO of Bengala Technologies, LLC. “However, it does clearly point to a great need for our logistics and supply chain management platform, which could have prevented this abuse had it been a standard tool in the marketplace in recent years.”
The ISBG-Bengala Blockchain Project is a revolutionary intertwining of blockchain technology and the Internet-of-Things. The project is producing a comprehensive product management solution for the beverage industry with applications beyond that market.
“Consumers demand trust,” continued Mr. Detrés. “Don’t be surprised to see the recent revelations on the aged Scotch market impact broad consumer choices. As we roll out our platform, we will be providing Blockchain-as-a-Service in the logistics space. Our platform will provide players in the spirits market with a tool to regain that trust.”
ABOUT ISBG-BENGALA BLOCKCHAIN PROJECT
The Project is a blockchain and Fintech company that represents the partnership between ISBG and Bengala Technologies LLC, (“Bengala”), a development firm that specializes in tailored technology solutions with expertise in blockchain and distributed ledger technology. The platform consists of a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive product management solution for the beverage industry. The company is creating a single, functionally-integrated, decentralized system designed to streamline all steps from farmer to bartop or countertop, including logistics and marketing.
International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company’s expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain, and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply chain marketplace.
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 Spirit & Beverage Group, Inc.
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