***1st Qtr REVENUES $500,000-$750,000***
That's more than all of 2016 revenues!
REVENUES
"ISBG's generated $439,740 in total 2016 sales."
$500,000-$750,000 can be expected for 1st Quarter revenues as stated in PR.
"The Company projects 2017 revenues of $2M-$3M USD."
COST REDUCTION
Cost reductions are always a great way to grow a company and become profitable!
"At the same time ISBG has renegotiated supplier and manufacturer pricing effectively reducing units costs by over 40% ensuring greater efficiencies, quality and scalability."
EXPANSION/MARKETING
Product is on the shelf. Besado is in Spec's Wine, Spirits, and Finer Foods! As of 2013 Spec's has over 165 stores. This alone can cause revenues to raise exponentially! Could this be the expansion within existing markets they are talking about?
"Expansion within existing markets, including new retail and on-premise programs with integrated digital support marketing commences February 1st."
DISTRIBUTION
ISBG entered into both a domestic and Asian distribution deal! They are also working on a 47 state distribution contract currently! On top of that they are working on an online sales platform.
ISBG ?@DrinkISBG
47 State Wholesale and Distribution Contract in the works. This means more feet in the street more sales and more revenues.
"we will soon be announcing an industry leading national online sales platform, providing our ISBG brands with a progressive home order and fulfillment capability to over 40 states."
DEBT RESTRUCTURE AND RETIREMENT
ISGB has restructured over 75% of the debt and retired 65% of a $295,000 note!
"Our purpose in restructuring debt was to give the company room to grow and we have exceeded that goal," CEO Terry Williams said. "Almost half the debt was restructured and extended out 18 months and the remainder of the debt was extended out 12 months. This will provide the company with the financial flexibility to properly execute our key brand initiatives for 2017."
"Management is pleased to announce that the Company has reached an agreement to settle a $294,000 legacy note for $100,000 with the remainder of the debt to be retired."
