Monday, January 23, 2017 1:21:44 PM
6 latest Press Releases from Iconic Brands
January 23, 2017 12:54 ET
Iconic Brands / ICNB - Corporate News
AMITYVILLE, NY--(Marketwired - Jan 23, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce the company has entered into an executive advisory agreement with Mr. Joseph J. Bianco. In a continued effort to move our company forward and in the proper manner, Mr. Bianco will be instrumental in the initiatives of corporate governance and compliance, as well as advising on the selection of our auditing firm, creation of a proper board of directors, and selection of an appropriate IR Firm to represent the company. Mr. Bianco will assist in all contractual and legal matters so as best to position our company for success. The initial term of the contract is for 6 months with the expectation of Mr. Bianco joining the company in a permanent capacity thereafter; Mr. Bianco has agreed to receive restricted shares in the company and will waive his salary for the term.
Mr. Joseph J. Bianco graduated from Yale Law School, and went on to teach law, joining the faculty of Cardozo Law School where he became associate Dean. He has authored two books including "The Law of Corporations" with Yale Prof. Jan Deutsch. During this period Mr. Bianco consulted to numerous corporations and investment banks. On the business front Mr. Bianco has experienced many successes and held executive management positions with several public companies both on NASDAQ and the NYSE. Mr. Bianco formed British Performance Car Imports, exclusive US distributor of the Lotus marque, which was sold to General Motors in 1987.
In 1990 Mr. Bianco bought the first of some twenty music catalog and distribution companies that became Alliance Entertainment Corporation, of which Mr. Bianco was founder, Chairman and CEO until he sold control in 1996. Mr. Bianco went on to form The Interlink Companies, a large distributor of periodicals, which he sold in 2001 to Source Interlink.
In 2003 Mr. Bianco co-founded Sheridan Square Entertainment, owner of V2 Records, Artemis Records and several other entertainment operations. SSE was sold to BTP Acquisition Corp. in 2006.
In 2009 Mr. Bianco formed Oak Tree Education, an owner and operator of several vocational and specialized test preparation schools, where he currently serves as Chairman. In 2012, with Dr. Roger Schank, he formed Experiential Teaching Online, Inc. (XTOL), which develops college and graduate-level online courseware based on Dr. Schank's novel pedagogical theories, for major universities in the US and abroad. He is also a Director and Chairman of SkinScience Labs, Inc., Chairman of Digipath, Inc., and of XTOL.
Mr. Richard DeCicco commented, "I'm extremely pleased to have Joe working with us; his track record of growing and selling companies as well as his vast knowledge of the public markets will be invaluable to the growth of our current and future brands."
Mr. Joseph Bianco stated, "After reviewing the products and getting to know Rich, I'm very enthusiastic about the potential of the brands Bellissima and Bivi, as well future projects on the horizon, and in order to facilitate the growth of the company I'm highly confident together we will assemble the appropriate team of professionals both industry and wall street to manage this process."
As well the company is pleased to announce closing in on 1000 US retailers for the Bellissima brand, and are in the process of facilitating a Letter of Credit with the manufacturer to streamline the financial process for production; this will allow the manufacturer to procure on an as needed basis all the raw goods inclusive of bottles, corks, decorative, and cages.
In response to multiple inquiries from the shareholder base, please be advised the company has no advisory or service agreements and has not since December 1, 2015. Iconic Brands is acutely aware of shareholders' concerns regarding less than advantageous finance providers in the small cap space, and have become, unfortunately through experience, quite familiar with the landscape. The company has no intention to enter into any egregious, floorless or toxic financings. The company will continue to seek value add personnel and funding partners as we grow our company.
Please visit our website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, Christie's appearance schedule which we will continue to update, and great new recipes; also follow us on twitter at @BellissimabyCB.
Please visit our website www.bivivodka.com to learn about the finest Sicilian Craft Vodka on the market today. Please watch the great videos with Chazz Palminteri to learn about our brand and see the map for our list of current retailers.
Iconic Brands ICNB-News
AMITYVILLE, NY--(Marketwired - Jan 11, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce that we have agreed in principal to an exclusive retail distribution deal in California with Bevmo!, the number one specialty beverage retailer on the west coast,www.bevmo.com, for the Brut and Rose Bellissima Prosecco line, www.bellissimaprosecco.com. We are awaiting final approval from our California distributor and hope to be in stores by months end, we also anticipate offering Bellissima through Bevmo! to the Washington State and Arizona stores as we open those markets. Our unique Zero Sugar Sparkling Prosecco will be available as well throughout the State through other retail outlets.
Additionally, Iconic Brands management is finalizing plans to consolidate the ownership interest of Bellissima Spirits and Bivi Vodka to a 100% interest, terms and conditions are being finalized, but this is deemed a necessary and prudent step in the growth of our Portfolio and will be beneficial to our shareholders.
Further we are now approved in North Carolina, New Hampshire and Colorado, and will commence shipments to these states with purchase orders from Colorado and New Hampshire already in house.
See our Celebrity Partner Christie Brinkley and Bellissima Prosecco featured on the Cover of Chilled Magazine this month,www.ChilledMagazine.com.
Please visit our website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, Christies appearance schedule which we will continue to update, and great new recipes; also follow us on twitter at @BellissimabyCB.
http://www.marketwired.com/press-release/iconic-brands-icnb-news-otc-pink-icnb-2187700.htm
Iconic Brands/ICNB Bellissima Prosecco News
AMITYVILLE, NY--(Marketwired - Jan 4, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce Bellissima Prosecco,www.bellissimaprosecco.com, finished the last 8 weeks of 2016, our first sales cycle, with sales nearing 7,000 cases, and additional case sales were only limited by initial inventory. The company is positioned with current monthly allocated capacity of 30,000 cases which can be increased based on demand; an additional run of our custom bottles has been placed for approximately 100,000 pieces in anticipation of our phase II launch.
Bellissima is currently available in 10 states, New York, New Jersey, Connecticut, Massachusetts, Florida, Texas, Nevada, Pennsylvania, South Carolina, and Illinois with the following state registrations either complete or pending and coming on line in phase two of the launch program no later than February 15th: Vermont, Georgia, Tennessee, Alabama, Louisiana, Oklahoma, California, Washington State, Arizona, Minnesota, Wisconsin, Montana, Ohio, Kentucky, Rhode Island, New Hampshire, North Carolina, Maine and Michigan.
We are also pleased to have recently added Market Street of Texas, www.marketstreetunited.com, to our Bellissima Family of retail distributors, we look forward to many more retail partners and Joint Venture Brand Affiliates in the coming weeks and months as we continue to build out the Bellissima Network.
CEO Richard DeCicco stated, "The initial demand for Bellissima Prosecco has been overwhelmingly positive and strong. It's our goal to become the brand of choice in what's currently an unbranded category; some say Prosecco, we say Bellissima!"
Additionally the company is finalizing the quarterly financial reports, and expects to file them imminently.
http://www.marketwired.com/press-release/iconic-brands-icnb-bellissima-prosecco-news-otc-pink-icnb-2186212.htm
Bellissima Prosecco and Sparkling Wines by Christie Brinkley Take to the Skies with Blade
LINDENHURST, NY--(Marketwired - Dec 22, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce Bellissima Prosecco,www.bellissimaprosecco.com, is proud to be part of the golden age of aviation with BLADE, www.flyblade.com, by pouring Bellissima in all Blade Lounges and aboard BLADEone, the most unique jet service between Manhattan and Miami.
CEO Richard DeCiccio stated, "Bellissima is a unique and special product, and BLADE is a unique and special air service. We are happy to associate our brand with other forward thinking companies and look forward to many additional partnerships."
Additionally, the company is executing on an initial reduction of 20% of the authorized shares, as a continuing effort to provide clarity for shareholders.
Please visit Iconic Brands' website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, which we will continue to update; also follow us on twitter at @BellissimabyCB.
http://www.marketwired.com/press-release/bellissima-prosecco-sparkling-wines-christie-brinkley-take-skies-with-blade-pinksheets-icnb-2185193.htm
Iconic Brands (ICNB) Closes Bellissima Prosecco; Agrees to Terms with Debt Holders
LINDENHURST, NY--(Marketwired - Dec 16, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today the closing of the previously announced LOI with Bellissima Prosecco, www.bellissimaprosecco.com; Iconic Brands now controls a 51% interest in the Brand.
Bellissima represents what Iconic believes to be the Premium Product in the prosecco category which in the United States is approaching 5 million case sales annually, and which grew at 34% last year. The UK market is even more robust, where last year for the first time ever prosecco over took its French rival Champagne in sales.
Prosecco is clearly one of the fastest growing sectors of the Wine and Spirits industry and Bellissima, coupled with brand partner, International Super Model and Entrepreneur Christie Brinkley, have brought to market a line of 100% Organic, Gluten Free Proseccos which are also certified Vegan with three distinct offerings: a DOC Brut, a Sparkling Rose and A Zero Sugar.
Iconic began selling Bellissima's products in September of this year and has sold out the first two production runs. Bellissima is currently available in 12 states with 18 additional states pending approval, and distribution through all major channels including Southern Glazers, Empire Brands, Allied Distributing, Horizon Beverage and Empire Distributors. Bellissima is poised, positioned and ready to take the market by storm in 2017.
CEO Richard DeCicco stated, "In all my years in the industry and having been party to many successful brands over the years, I can honestly say my excitement and enthusiasm for this brand, our brand partner and the market timing has never been higher. I look forward to consumers enjoying the finest prosecco on earth."
Additionally Management is pleased to announce that Iconic has reached an agreement with its existing note holders, whereby terms of conversion have been renegotiated to not less than $.0015 and whereby no more than $20,000 USD can be sold in any single month without prior written approval from Management. Additionally, Management reserves the right to negotiate a final purchase of all outstanding debt during the 1 year term. Management wants to thank Iconic debt holders for working with the Company and assisting its growth. Iconic has updated its Security Details on OTC Markets to accurately reflect the current share structure, and Management is working towards completing current financial reports.
http://www.marketwired.com/press-release/iconic-brands-icnb-closes-bellissima-prosecco-agrees-to-terms-with-debt-holders-otc-pink-icnb-2183964.htm
Iconic Brands (ICNB) Announces Bellissima Prosecco
LINDENHURST, NY--(Marketwired - Dec 6, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today a Letter of Intent "LOI" to acquire controlling interest of Bellissima Prosecco, www.BellissimaProsecco.com, developed by CEO Richard DeCicco in conjunction with International Celebrity and entrepreneur Christie Brinkley. Bellissima is a line of Organic Prosecco second to none; the brand has seen unprecedented positive reception since launching a few months ago, with demand already outpacing our expectations. The line includes a DOC Brut, Sparkling Rose and a Zero Sugar, Zero Carb option which are All Natural and Gluten Free with all Certified Organic and Vegan. The brand is currently available in 12 markets with 14 pending approvals and distribution through Southern Glazers, Empire Brands, Allied Distributing, Horizon Beverage Group, and Empire Distributing.
CEO Richard DeCicco, a 40-year industry veteran, stated, "I'm thrilled to bring this brand to market with Christie. The product is of the highest quality and the initial market response is like nothing I've seen in the past 20 years. We are excited to introduce this product to our Iconic portfolio and have our shareholders participate in the brand's success."
Further to our previous release, the company is in the final stages of a negotiated settlement with certain holders of company debt, and looks to finalize an agreement which will allow Iconic Brands to move forward and realize the full value of the existing portfolio, as well pursue new opportunities. While there can be no assurance the company will be able to finalize these
negotiations, the company is highly confident that the parties will execute on the agreed terms.
http://www.marketwired.com/press-release/update-iconic-brands-icnb-announces-bellissima-prosecco-otc-pink-icnb-2181142.htm
Iconic Brands - ICNB Update
LINDENHURST, NY--(Marketwired - Oct 18, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today a brief corporate update, management is committed to moving the company and its brands in positive direction, we have been in negotiations and executed standstill agreements with our major debt holders as we work towards a disposition and resolution, although there can be no assurance that we reach an acceptable settlement, we are confident this matter will be resolved shortly in a manner which will allow Iconic to realize its value and attract appropriate support.
Additionally we have retained a new accounting firm to bring all our books and records back to current and compliant status.
As it relates to our brands the company looks forward to sharing extremely positive and exciting news with our shareholders very soon. Richard DeCicco stated, "While these have been some of the most exciting times from a product perspective, they've also been very challenging times as it relates to our shareholder value, I'm confident were on the cusp of getting all in order and I look forward to sharing with our loyal shareholders".
http://www.marketwired.com/press-release/iconic-brands-icnb-update-otc-pink-icnb-2167471.htm
January 23, 2017 12:54 ET
Iconic Brands / ICNB - Corporate News
AMITYVILLE, NY--(Marketwired - Jan 23, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce the company has entered into an executive advisory agreement with Mr. Joseph J. Bianco. In a continued effort to move our company forward and in the proper manner, Mr. Bianco will be instrumental in the initiatives of corporate governance and compliance, as well as advising on the selection of our auditing firm, creation of a proper board of directors, and selection of an appropriate IR Firm to represent the company. Mr. Bianco will assist in all contractual and legal matters so as best to position our company for success. The initial term of the contract is for 6 months with the expectation of Mr. Bianco joining the company in a permanent capacity thereafter; Mr. Bianco has agreed to receive restricted shares in the company and will waive his salary for the term.
Mr. Joseph J. Bianco graduated from Yale Law School, and went on to teach law, joining the faculty of Cardozo Law School where he became associate Dean. He has authored two books including "The Law of Corporations" with Yale Prof. Jan Deutsch. During this period Mr. Bianco consulted to numerous corporations and investment banks. On the business front Mr. Bianco has experienced many successes and held executive management positions with several public companies both on NASDAQ and the NYSE. Mr. Bianco formed British Performance Car Imports, exclusive US distributor of the Lotus marque, which was sold to General Motors in 1987.
In 1990 Mr. Bianco bought the first of some twenty music catalog and distribution companies that became Alliance Entertainment Corporation, of which Mr. Bianco was founder, Chairman and CEO until he sold control in 1996. Mr. Bianco went on to form The Interlink Companies, a large distributor of periodicals, which he sold in 2001 to Source Interlink.
In 2003 Mr. Bianco co-founded Sheridan Square Entertainment, owner of V2 Records, Artemis Records and several other entertainment operations. SSE was sold to BTP Acquisition Corp. in 2006.
In 2009 Mr. Bianco formed Oak Tree Education, an owner and operator of several vocational and specialized test preparation schools, where he currently serves as Chairman. In 2012, with Dr. Roger Schank, he formed Experiential Teaching Online, Inc. (XTOL), which develops college and graduate-level online courseware based on Dr. Schank's novel pedagogical theories, for major universities in the US and abroad. He is also a Director and Chairman of SkinScience Labs, Inc., Chairman of Digipath, Inc., and of XTOL.
Mr. Richard DeCicco commented, "I'm extremely pleased to have Joe working with us; his track record of growing and selling companies as well as his vast knowledge of the public markets will be invaluable to the growth of our current and future brands."
Mr. Joseph Bianco stated, "After reviewing the products and getting to know Rich, I'm very enthusiastic about the potential of the brands Bellissima and Bivi, as well future projects on the horizon, and in order to facilitate the growth of the company I'm highly confident together we will assemble the appropriate team of professionals both industry and wall street to manage this process."
As well the company is pleased to announce closing in on 1000 US retailers for the Bellissima brand, and are in the process of facilitating a Letter of Credit with the manufacturer to streamline the financial process for production; this will allow the manufacturer to procure on an as needed basis all the raw goods inclusive of bottles, corks, decorative, and cages.
In response to multiple inquiries from the shareholder base, please be advised the company has no advisory or service agreements and has not since December 1, 2015. Iconic Brands is acutely aware of shareholders' concerns regarding less than advantageous finance providers in the small cap space, and have become, unfortunately through experience, quite familiar with the landscape. The company has no intention to enter into any egregious, floorless or toxic financings. The company will continue to seek value add personnel and funding partners as we grow our company.
Please visit our website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, Christie's appearance schedule which we will continue to update, and great new recipes; also follow us on twitter at @BellissimabyCB.
Please visit our website www.bivivodka.com to learn about the finest Sicilian Craft Vodka on the market today. Please watch the great videos with Chazz Palminteri to learn about our brand and see the map for our list of current retailers.
Iconic Brands ICNB-News
AMITYVILLE, NY--(Marketwired - Jan 11, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce that we have agreed in principal to an exclusive retail distribution deal in California with Bevmo!, the number one specialty beverage retailer on the west coast,www.bevmo.com, for the Brut and Rose Bellissima Prosecco line, www.bellissimaprosecco.com. We are awaiting final approval from our California distributor and hope to be in stores by months end, we also anticipate offering Bellissima through Bevmo! to the Washington State and Arizona stores as we open those markets. Our unique Zero Sugar Sparkling Prosecco will be available as well throughout the State through other retail outlets.
Additionally, Iconic Brands management is finalizing plans to consolidate the ownership interest of Bellissima Spirits and Bivi Vodka to a 100% interest, terms and conditions are being finalized, but this is deemed a necessary and prudent step in the growth of our Portfolio and will be beneficial to our shareholders.
Further we are now approved in North Carolina, New Hampshire and Colorado, and will commence shipments to these states with purchase orders from Colorado and New Hampshire already in house.
See our Celebrity Partner Christie Brinkley and Bellissima Prosecco featured on the Cover of Chilled Magazine this month,www.ChilledMagazine.com.
Please visit our website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, Christies appearance schedule which we will continue to update, and great new recipes; also follow us on twitter at @BellissimabyCB.
http://www.marketwired.com/press-release/iconic-brands-icnb-news-otc-pink-icnb-2187700.htm
Iconic Brands/ICNB Bellissima Prosecco News
AMITYVILLE, NY--(Marketwired - Jan 4, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce Bellissima Prosecco,www.bellissimaprosecco.com, finished the last 8 weeks of 2016, our first sales cycle, with sales nearing 7,000 cases, and additional case sales were only limited by initial inventory. The company is positioned with current monthly allocated capacity of 30,000 cases which can be increased based on demand; an additional run of our custom bottles has been placed for approximately 100,000 pieces in anticipation of our phase II launch.
Bellissima is currently available in 10 states, New York, New Jersey, Connecticut, Massachusetts, Florida, Texas, Nevada, Pennsylvania, South Carolina, and Illinois with the following state registrations either complete or pending and coming on line in phase two of the launch program no later than February 15th: Vermont, Georgia, Tennessee, Alabama, Louisiana, Oklahoma, California, Washington State, Arizona, Minnesota, Wisconsin, Montana, Ohio, Kentucky, Rhode Island, New Hampshire, North Carolina, Maine and Michigan.
We are also pleased to have recently added Market Street of Texas, www.marketstreetunited.com, to our Bellissima Family of retail distributors, we look forward to many more retail partners and Joint Venture Brand Affiliates in the coming weeks and months as we continue to build out the Bellissima Network.
CEO Richard DeCicco stated, "The initial demand for Bellissima Prosecco has been overwhelmingly positive and strong. It's our goal to become the brand of choice in what's currently an unbranded category; some say Prosecco, we say Bellissima!"
Additionally the company is finalizing the quarterly financial reports, and expects to file them imminently.
http://www.marketwired.com/press-release/iconic-brands-icnb-bellissima-prosecco-news-otc-pink-icnb-2186212.htm
Bellissima Prosecco and Sparkling Wines by Christie Brinkley Take to the Skies with Blade
LINDENHURST, NY--(Marketwired - Dec 22, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce Bellissima Prosecco,www.bellissimaprosecco.com, is proud to be part of the golden age of aviation with BLADE, www.flyblade.com, by pouring Bellissima in all Blade Lounges and aboard BLADEone, the most unique jet service between Manhattan and Miami.
CEO Richard DeCiccio stated, "Bellissima is a unique and special product, and BLADE is a unique and special air service. We are happy to associate our brand with other forward thinking companies and look forward to many additional partnerships."
Additionally, the company is executing on an initial reduction of 20% of the authorized shares, as a continuing effort to provide clarity for shareholders.
Please visit Iconic Brands' website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, which we will continue to update; also follow us on twitter at @BellissimabyCB.
http://www.marketwired.com/press-release/bellissima-prosecco-sparkling-wines-christie-brinkley-take-skies-with-blade-pinksheets-icnb-2185193.htm
Iconic Brands (ICNB) Closes Bellissima Prosecco; Agrees to Terms with Debt Holders
LINDENHURST, NY--(Marketwired - Dec 16, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today the closing of the previously announced LOI with Bellissima Prosecco, www.bellissimaprosecco.com; Iconic Brands now controls a 51% interest in the Brand.
Bellissima represents what Iconic believes to be the Premium Product in the prosecco category which in the United States is approaching 5 million case sales annually, and which grew at 34% last year. The UK market is even more robust, where last year for the first time ever prosecco over took its French rival Champagne in sales.
Prosecco is clearly one of the fastest growing sectors of the Wine and Spirits industry and Bellissima, coupled with brand partner, International Super Model and Entrepreneur Christie Brinkley, have brought to market a line of 100% Organic, Gluten Free Proseccos which are also certified Vegan with three distinct offerings: a DOC Brut, a Sparkling Rose and A Zero Sugar.
Iconic began selling Bellissima's products in September of this year and has sold out the first two production runs. Bellissima is currently available in 12 states with 18 additional states pending approval, and distribution through all major channels including Southern Glazers, Empire Brands, Allied Distributing, Horizon Beverage and Empire Distributors. Bellissima is poised, positioned and ready to take the market by storm in 2017.
CEO Richard DeCicco stated, "In all my years in the industry and having been party to many successful brands over the years, I can honestly say my excitement and enthusiasm for this brand, our brand partner and the market timing has never been higher. I look forward to consumers enjoying the finest prosecco on earth."
Additionally Management is pleased to announce that Iconic has reached an agreement with its existing note holders, whereby terms of conversion have been renegotiated to not less than $.0015 and whereby no more than $20,000 USD can be sold in any single month without prior written approval from Management. Additionally, Management reserves the right to negotiate a final purchase of all outstanding debt during the 1 year term. Management wants to thank Iconic debt holders for working with the Company and assisting its growth. Iconic has updated its Security Details on OTC Markets to accurately reflect the current share structure, and Management is working towards completing current financial reports.
http://www.marketwired.com/press-release/iconic-brands-icnb-closes-bellissima-prosecco-agrees-to-terms-with-debt-holders-otc-pink-icnb-2183964.htm
Iconic Brands (ICNB) Announces Bellissima Prosecco
LINDENHURST, NY--(Marketwired - Dec 6, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today a Letter of Intent "LOI" to acquire controlling interest of Bellissima Prosecco, www.BellissimaProsecco.com, developed by CEO Richard DeCicco in conjunction with International Celebrity and entrepreneur Christie Brinkley. Bellissima is a line of Organic Prosecco second to none; the brand has seen unprecedented positive reception since launching a few months ago, with demand already outpacing our expectations. The line includes a DOC Brut, Sparkling Rose and a Zero Sugar, Zero Carb option which are All Natural and Gluten Free with all Certified Organic and Vegan. The brand is currently available in 12 markets with 14 pending approvals and distribution through Southern Glazers, Empire Brands, Allied Distributing, Horizon Beverage Group, and Empire Distributing.
CEO Richard DeCicco, a 40-year industry veteran, stated, "I'm thrilled to bring this brand to market with Christie. The product is of the highest quality and the initial market response is like nothing I've seen in the past 20 years. We are excited to introduce this product to our Iconic portfolio and have our shareholders participate in the brand's success."
Further to our previous release, the company is in the final stages of a negotiated settlement with certain holders of company debt, and looks to finalize an agreement which will allow Iconic Brands to move forward and realize the full value of the existing portfolio, as well pursue new opportunities. While there can be no assurance the company will be able to finalize these
negotiations, the company is highly confident that the parties will execute on the agreed terms.
http://www.marketwired.com/press-release/update-iconic-brands-icnb-announces-bellissima-prosecco-otc-pink-icnb-2181142.htm
Iconic Brands - ICNB Update
LINDENHURST, NY--(Marketwired - Oct 18, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today a brief corporate update, management is committed to moving the company and its brands in positive direction, we have been in negotiations and executed standstill agreements with our major debt holders as we work towards a disposition and resolution, although there can be no assurance that we reach an acceptable settlement, we are confident this matter will be resolved shortly in a manner which will allow Iconic to realize its value and attract appropriate support.
Additionally we have retained a new accounting firm to bring all our books and records back to current and compliant status.
As it relates to our brands the company looks forward to sharing extremely positive and exciting news with our shareholders very soon. Richard DeCicco stated, "While these have been some of the most exciting times from a product perspective, they've also been very challenging times as it relates to our shareholder value, I'm confident were on the cusp of getting all in order and I look forward to sharing with our loyal shareholders".
http://www.marketwired.com/press-release/iconic-brands-icnb-update-otc-pink-icnb-2167471.htm
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