SBES Announces No Reverse Split at this time
Toronto, December 5, 2019.
To all SBES shareholders :
Robert Meihua Xu, the Co-CEO of South Beach Spirits Inc., and the CEO and founder of Golden Panegyric Inc., said “Our team is looking for the reverse merge target , we are not doing reverse split at this time. Any false post and link have already caused damage to SBES. We are retaining legal counsel to address these false allegations”.
Robert Xu wants SBES ALL SHAREHOLDERS to know that the person associated with that false website is not part of our team and has no knowledge of our plans or operations. There is no reverse split planned. A reverse stock split requires a significant amount of planning and regulatory approvals and requires notice to shareholders. A reverse stock split is not possible without notice to our shareholders. Our plans for merging another company with SBES have not changed. Please know that www.theSBES.com is the sole and official site of SBES and only information contained on this site should be considered true.
About South Beach Spirits Inc.
South Beach Spirits Inc. (SBES) is a Florida-based alcoholic beverage development, marketing, and distribution holding company.
*Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives orgoals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, acceptance of South Beach Spirits Inc.’s products, increased levels of competition, changes, dependence on intellectual property rights and other risks detailed from time to time in South Beach Spirits Inc. periodic reports filed with the regulatory authorities. SOURCE: South Beach Spirits Inc. Email : Info@canadagpi.com
