NEWS IS OUT FOR ICNB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$$$$$$$$$$
Iconic Brands Signs Letter of Intent
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Iconic Brands, Inc." (PN CE) (USOTC:ICNB)
Intraday Stock Chart
Today : Monday 10 September 2012
Iconic Brands, Inc. (Iconic) (Pinks: ICNB) today announced the signing of a Letter of Intent to acquire membership units of United Spirits LLC held by the company CEO Richard DeCicco into Iconic Brands. United Spirits currently has two brands in production, Rodeo R.A.W. (Real American Whiskey), a line of original and flavored whiskey including Orange, Amaretto and Honey Pepper. In addition, United Spirits is marketing a product called Sizzurp, a unique legalized version of Sizzurp, an urban street drink. United Spirits expects Sizzurp to gain market share based on the well known tag line “Sippin on the Sizzurp”. Several other products are under development at United Spirits LLC., Final terms and conditions relating to the acquisition are currently in negotiation. CEO Richard DeCicco commented, “I’m very excited about the launch of Rodeo and Sizzurp and believe the brands will enjoy market success, I’m also thrilled to get Iconic Brands back into the business of creating, marketing and selling select premium branded liquor products. Iconic Brands is also exploring other brand acquisition to make Iconic a diversified marketer of alcoholic and non-alcoholic beverages.”
The company also announced they will be operating out of their new offices and warehouse in Amityville, NY, and that the Company is in the process of completing and filing its outstanding financial statements with the Securities and Exchange Commission. The necessary audits and reviews are progressing in a timely manner.
About Iconic Brands Inc.
Headquartered in Amityville, NY Iconic Brands Inc. develops markets and distributes high-quality branded alcoholic beverages.
Forward-Looking Statements Disclosure
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimated" and "intend," among others. These forward-looking statements are based on the Company's current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, history of losses; speculative nature of Celebrity Branded products; the highly competitive Spirits Industry; substantial capital requirements: lack of diversification; competition; global financial conditions; ability to market and distribute products produced; and ability to acquire new license agreements. The Company does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in historic and future periodic reports filed with the Securities and Exchange Commission. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
