Montalvo Spirits, Inc. (fka TQLA)

[02opida]

Montalvo Spirits Establishes Subsidiary to Explore Entry Into Cannabis Based Beverage Industry

Montalvo Spirits Establishes Subsidiary to Explore Entry Into Cannabis Based Beverage Industry
MOORPARK, CA--(Marketwired - Apr 28, 2014) - Montalvo Spirits, Inc. (OTCQB: TQLA) ("Montalvo" or, the "Company") announced today that it has established Cannabis Beverage Group, Inc. ("CBG"), a Colorado corporation, as a new, wholly-owned subsidiary. CBG will pursue the development, marketing, and distribution of cannabis-based beverages, which include sodas, teas, energy drinks, liqueurs, and elixirs. CBG is actively seeking non-THC containing cannabis beverages that can be legally purchased throughout the U.S. CBG's strategy for entry into the industry includes the development of new brands, as well as the potential acquisition, partnership, or distribution arrangements with brands that are currently in the market. In addition, CBG has begun gathering regulatory information regarding the potential partnership or acquisition of properly licensed companies in the medical marijuana beverage industry, and is currently developing an ecommerce website.

"After careful deliberation, we feel the time is right to begin actively exploring the entry into the cannabis beverage industry, including hemp products in addition to medical marijuana products in states in which it is legal to do so," said Alex Viecco, CEO of Montalvo. "We feel that the industry is in its infancy and will only gain traction as more states begin to work towards legalization. Using beverages as an alternative method to smoking may allow more people to access the potential health benefits and further treat their ailments," added Viecco.

The Company expects to provide periodic updates on any progress in CBG's development, including the upcoming launch of an ecommerce website.

About Montalvo Spirits, Inc.

Montalvo Spirits, Inc. develops, markets and distributes premium alcoholic beverages, with its initial offering being the award-winning Montalvo Tequila. The Company plans to focus on artisanal spirit brands with a tradition of excellence and quality