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Wednesday, 02/09/2011 2:21:55 PM

Wednesday, February 09, 2011 2:21:55 PM

Post# of 2254
SSPT has great news: Shot Spirits Corporation Achieves OTC Current Information Tier; Reduces Liabilities by Over $1,000,000.00

LEESBURG, Va., Feb 9, 2011 (GlobeNewswire via COMTEX) -- Shot Spirits Corporation (Pink Sheets:SSPT) is pleased to announce that it has recently moved up to OTC Pink Current Information Tier on OTC Markets (www.otcmarkets.com) after filing material company information and recent financials toward overall transparency, accessibility and market integrity.

OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information (http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp), the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, current share structure, current financials and an attorney letter verifying financial information submitted.

The Company also announces that it has just recently decreased its vendor liabilities in the amount of $1,013,000.00 through the sale of some subsidiary assets. Brian Barrett, CEO, states, "We are very pleased by the OTC rating and the effect that our recent asset sale has on our company financials. Company officers and executives continue to hold restricted shares as we work toward the overall collective benefit for the company and its shareholders."

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