Iconic Brands Inc. (ICNB)

AMITYVILLE, NY--(Marketwired - Mar 31, 2017) - Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce several corporate updates. The company's financial report will be released within the next 15 days. Further the company has interviewed several auditing firms and will be engaging a firm to do a complete audit to regain full reporting status. The audit is expected to be complete late Q2, early Q3.

Additionally the company will be engaging a registered investment banking firm to advise on mergers, acquisitions and financing. The Company looks for this to be finalized over the next 2 weeks.

Further, the company is in the final stage of settling with our debt holders. The previously announced arrangement has not been executed, as the company is continuing to negotiate terms in the best interest of the company and for the success of our brands. The company appreciates our debt holder's professionalism through periods of difficult negotiations. Iconic hopes to have this resolution finalized and announced in the very near future.

On the brand front, demand continues to be extraordinary for the Bellissima line of Prosecco. The company has recently received our first orders from additional key markets including Ohio, Oklahoma, Kentucky and all four jurisdictions of Tennessee. In California the Company has made a strategic decision based on timing and terms, to go from our previously announced and anticipated distribution deal with Youngs, to an agreement with The Henry Wine Group, a division of Winebow, www.winebowgroup.com. This expands the strategic distribution partnership with Winebow; the company is excited to be working with The Henry Wine Group in the California market. Shipping to our customers in California has been a top agenda for the company and the patience and loyalty of our customers and retail partners is appreciated while we conclude this distribution agreement. Bellissima's retail partner BevMo is in a league of its own and the addition of Erewhon Organic Markets gives us the best of everything in this very important market.

The Company has also been gearing up for a push into the Hamptons. This year it is expected that Bellissima will be the Talk of the Town, and the company is excited for the "Hampton Set" to discover and enjoy Bellissima.

Also due to numerous inquiries the company would like to clarify the relationship with our import company, United Spirits, Inc. This is a standard distribution agreement whereby United Spirits contractually receives $1.00USD gross per case sale as a handling and service fee, this is the extent of the financial benefit to United Spirits Inc.

Mr. Richard DeCicco, CEO, stated, "We've been working around the clock to build the company's brand portfolio. My enthusiasm remains at an all-time high as we continue to grow. I will look to bolster infrastructure and begin the building of our sales team; the progression of a start up to a national brand is well under way. I'm also now looking diligently towards the international markets as inquiries increase daily. I want to personally thank our shareholders for their support."

Look for the corporate website to be live this weekend www.iconicbrandsusa.com .

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.

As the company has grown the number of shareholder inquires has become overwhelming to manage. In fairness to our shareholders it is appropriate and timely to bring in a professional team to communicate with the shareholder base, as well as increase our social media and web presence. The Circadian Group offers professional service with a boutique approach and the company is pleased to have them message our company story.

Mr. Ryan Troup stated, "These are certainly exciting times for Iconic Brands and we are thrilled to be a part of it. During periods of rapid growth it is very important management spend the majority of their time focused on continuing to grow the company. It is clear to us that the CEO Richard DeCicco and his team are dedicated to creating shareholder value. Circadian Group will look to reinforce management's core values and assist in telling their story while maintaining clear and open lines of communication for all ICNB shareholders."

As previously announced in January, the Bellissima Prosecco brand launched in 10 States; as we've entered our second phase of expansion, the company is pleased to announce the brand is now approved in 29 States and has already shipped in 15 States, including an initial order today for 620 cases as an opening order to the Tennessee market. We imminently expect purchase orders from our wholesalers in the remaining 14 states. Additionally, the company has begun negotiations with several parties as it relates to introducing Bellissima in certain International Markets.

Following up previously announced news, the company is pleased to state we expect to finalize the distribution agreement with Young's Market in California literally any day now, www.youngsmarket.com, and will begin immediate distribution to Bevmo!, www.bevmo.com, for an initial exclusive period for two of our Bellissima expressions, and we will have our third expression, our Zero Sugar, Zero Carb, available initially on an exclusive basis with Erewhon Natural Foods Markets, http://www.erewhonMarket.com, and thereafter will open our distribution to additional retailers throughout the State of California. The company is pleased to announce it has received a formal agreement from our previously announced discussions with the Bucca di Beppo chain of restaurants, www.bucadibeppo.com. The Bucca di Beppo chain represents locations in over 26 states, and over 100 restaurants; the program will go live in April of this year.

The company thanks its shareholders for their continued support and patience as we strive to grow from an emerging company to one of prominence.

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.

The company is also finalizing a distribution agreement with Young's Market in California, www.youngsmarket.com, the oldest distributor in California dubbed "The Best in the West." As previously announced Bellissima will be available at retail with Bevmo!, www.bevmo.com, initially on an exclusive basis then expanding availability to every retailer in the state. It is expected this program will be finalized in a matter of days and shipping immediately thereafter.

Further, Iconic Brands is in discussions with the Bucca Di Beppo chain of restaurants as well the Planet Hollywood Group,www.planethollywood.com. This will be Bellissima's first of many national on premise accounts and Bellissima is very pleased to partner with the team at Planet Hollywood. We're anticipating this program to begin in Q2 of this year.

Finally, the company would like to wish our Brand Partner Christie Brinkley a Happy Bellissima Birthday. Iconic Brands is a proud supporter of Christie's Birthday Fundraiser for the Children of Smile Train, https://my.smiletrain.org/fundraiser/christiebrinkleysbirthdayfundraiser .

Please visit our website and join the mailing list at www.BellissimaProsecco.com and see our product availability map, and Christie's appearance schedule which we will continue to update, as well 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 the brand and see the map for our list of current retailers.

About Iconic Brands, Inc.

Iconic Brands Inc. ("Iconic") is a beverage company with the highest expertise of developing, from inception to completion, alcoholic beverages for itself and third parties. Iconic Brands markets and places products into national distribution through long standing industry relationships. Iconic is also a leader in "Celebrity Branding" of beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities. Currently offering Bivi Vodka, www.BiviVodka.com and Bellissima Prosecco,www.BellissimaProsecco.com.

http://www.marketwired.com/press-release/iconic-brands-icnb-bellissima-blast-into-chicago-otc-pink-icnb-2193140.htm

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.

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

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

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

 

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