BrewBilt Manufacturing Inc (BBRW)

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NEWS

Sacramento, California, Feb. 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BrewBilt Manufacturing Inc. (OTC PINK:VTNL) (Formerly, “Vet Online Supply”), the “Company”, BrewBilt Manufacturing announces today that the audited financials are under final review with the auditor, and they indicate $2M+ in assets. The financials will be disclosed within an 8K filing, and again in a Form-10K filing for the period ending December 31, 2019.

The company is processing $3M in Brewery and Cannabis purchase orders and 2 orders have been delivered in February-2020. There are 3 more orders that are scheduled to be delivered and installed in March and April-2020.

The company has a contract to fulfill $7M in cannabis extraction orders for 2020 and 2 of the cannabis orders are in process, along with $2M in pending orders in Hong Kong and California.

BrewBilt is bulging at the seams and will need to find additional manufacturing space to keep up with the purchase orders. At this rate the company will exceed its revenue expectations in June-2020 and possibly double its $12M expectations for 2020.