South Beach Spirits Inc (SBES)

[RMJK]

I still had the website page opened with the post from 12/2 in case anyone wants a copy if filing a report.


NOTICE TO SBES SHAREHOLDERS
The management is aware that under Chinese law the OTC company must be approved for a merger by Chinese authorities in accordance with SAFE currency safeguards, Via SPC or special purpose company. SBES Management will not be seeking approval from the Chinese government. SBES does not believe that it will receive this approval and will not be making such application.

If current management does sell not merge YES sell SBES to a Chinese entity It will be up to them to seek this Chinese government approval and the special purpose company SPC.

Last we do not have in our budget enough resources to pay OTC markets the annual $6000 subscription fee and accountant fee to file our financials on OTC markets. SBES is effectivly a shell without Any operations for a number of years.

In number of buyers have already passed on the purchase of SBES control.

Typical buyers which we have entertained so far have revenues in the $200000 to $350000 per year gross revenues. There are no billion dollar entries looking to acquire SBES. We do not wish to over promise and under deliver to our shareholders. Currently we are looking to resolve convertible notes with EMA and others. SBES remains open to offers to purchase for about $100,000 as is where is.

We are providing this update to SBES shareholders For their benefit and no other improper or misappropriated use.

APPROVED BY:
SBES BOARD OF DIRECTORS