Iconic Brands Inc (ICNB)

[BigJuan]

ICNB MUST READ — Iconic Brands Year End Update

Dec 20, 2017
OTC Disclosure & News Service

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AMITYVILLE, NY, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Iconic Brands, Inc. (OTC Pink: ICNB) is pleased to provide a year-end update as well as some of the corporate plans for 2018. The company is projecting to finish the year with over $3.3 million in revenue, primarily derived from the sales of the Bellissima line of Sparkling Wines and Prosecco. Bellissima is now available in thousands of retail locations across the country in 45 states and through a number of online retailers. In the fourth quarter the Company successfully shipped to our newest retailer Publix to their 1100 stores in seven states. In the new year we will continue with our existing retailers, bolstering marketing programs both in store and through social and traditional media. The company expects to continue adding major retailers and big box stores throughout 2018, and continue to grow sales. Bellissima is now a very successful national brand with international expansion plans to include Asia, United Kingdom, Australia, Holland and of course Canada starting with the LCBO for 2018.

In 2018 Bellissima Prosecco and Sparkling Wines will be introducing a new package size, a 375 ML bottle, or half bottle. This new package size will give us a stronger presence in the “on-premise” accounts, i.e. restaurants, hotels, bars, casinos etc. This will provide a single serve option to allow a larger audience to experience Bellissima.

The company is actively working on a new product under the Bellissima umbrella with an anticipated launch announcement at this year’s WSWA National Convention. In addition the company is exploring the development of additional unique new products, acquisitions and mergers.

The company as previously announced is engaged and focused on becoming fully audited, and will seek an up listing in 2018. The law firm of Clyde Snow and Sessions has been retained for legal as well our auditors, Blanchfield, Meyer, Kober, and Rizzo LLP. The audit process is well under way and will be completed as soon as possible. The Company has also retained Bevilacqua PLLC to explore crowdfunding options to fuel future growth. The company is pleased to announce the repayment in full of the initial product funding lines. The Company is also going to take advantage of a discounted payback incentive for the remaining second funding, and expects the next tranches to be available to the company as needed as product inventory depletion rates have been solid and swift.



The company has received the required consent to merge the balance of the brands into Iconic, to become 100% wholly owned subsidiaries. This will be completed in concert with the audits.

Mr. Richard DeCicco stated, “First and foremost I want to thank those that have been supportive through our early growth phase of this brand and company. I am proud to be the CEO representing a truly wonderful group of partners and shareholders. I look forward to having an incredible 2018, and consider 2017 a great success. It is so important to keep our feet and expectations on the ground and understand we are in the early stages and well positioned and in my opinion ‘the best yet to come.’

“I do receive numerous emails from shareholders, most I look forward to, some less so, as it relates to my intentions and goals for the business I would like to make a few things extraordinarily clear once and for all.

“First, I have never sold a single share of Iconic stock. I have no master plan of getting wealthy from my Iconic holdings position as a ‘stock play.’ I am a small business operator who strives every day to build our business and our brand through hard work and dedication. I have traveled to dozens upon dozens of states this year, logging thousands of miles introducing Bellissima to our distributors and retailers.

“The goal is to continue to build the Bellissima brand and hopefully several other products into successful International Brands at which point we will all be rewarded.

“My commitment is steadfast, and I will strive as your CEO to constantly communicate, and as we build more infrastructure this communication will be more frequent. I want to be clear that the Company’s underlying goal is to build, build and build some more to create shareholder value.

“To the few individuals who choose to constantly slander, and hurl ridiculous false accusations in public forums but in the shadow of an anonymous moniker, please know my door is open. I welcome the opportunity to meet any of you in person and discuss the company and try to understand why you are all so bent on negativity and slander. We welcome constructive criticism and participation and we would love the help of the entire base as brand advocates that are proud of what we’ve done, what we’re doing and where were going. I’m working 24/7 for all of us and appreciate any and all support.

“In closing I wish everyone Happy Holidays and a Healthy New Year.”

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.