I liked everything about that PR except the last part. Buyback was supposed to be completed by end of 1st qrt. and then it doesn't state if they even bought any back. Dang it.
"The company continues to repurchase stock up to $5M by 12/31/2021. Further, as a part of the SEC changes with Rule-144, the company has filed the Registration-A to avoid any toxic convertible note funding and to be compliant with its Broker-Dealer with any future funding needs under the Registration-A Offering. The company will self-fund future operations."
BrewBilt Orders for 1st Quarter Exceed $3.1M and $125M Strategic Partnership With BrewBilt Brewing Company
8:00 AM ET 3/4/21 | GlobeNewswire
BrewBilt Orders for 1st Quarter Exceed $3.1M and $125M Strategic Partnership With BrewBilt Brewing Company
SACRAMENTO, CA, March 04, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today BrewBilt Manufacturing Inc. (the "Company") (OTCPINK: BBRW), announces 1st quarter revenue of $3.1M and our newest strategic partnership with BrewBilt Brewing Company.
Jef Lewis, Chairman and CEO, stated, "Today is a historical event with BrewBilt Manufacturing. The company reports $3.1M in 1st quarter revenue, with $17M in pending orders, and growing. We have opened markets in Korea, Finland, and various parts of North America. We have millions of following globally, and the company continues to snow-ball its products and growth across the craft brew world of beer drinkers."
Mr. Lewis further stated, "More important is that we have a strategic partnership with BrewBilt Brewing Company (Florida Corporation). This company is a reorganization of another public company, symbols SIML, and will be filing the PRE14C this month as a part of reorganization to build the brewery. SIML has purchased the facility, and the brewing facility will be licensed and in operation by summer-2021. The strategic partnership will allow revenue capture for customers who want to build a brewery and customers seeking a contract brewery to make craft beer. Both companies will cross pollinate marketing and sales. Projected beer sales are $25M-$125M over the next 36 months. Projected revenue for building brewery systems is projected to be $250M over the next 48 months."
The company continues to repurchase stock up to $5M by 12/31/2021. Further, as a part of the SEC changes with Rule-144, the company has filed the Registration-A to avoid any toxic convertible note funding and to be compliant with its Broker-Dealer with any future funding needs under the Registration-A Offering. The company will self-fund future operations.
