LINDENHURST, NY-- (Marketwired - Dec 16, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today the closing of the previously announced LOI withBellissima Prosecco,
www.bellissimaprosecco.com; Iconic Brands now controls a 51% interest in the Brand.
Bellissima represents what Iconic believes to be the Premium Product in the prosecco category which in the United States is approaching 5 million case sales annually, and which grew at 34% last year.
The UK market is even more robust, where last year for the first time ever prosecco over took its French rival Champagne in sales.
Prosecco is clearly one of the fastest growing sectors of the Wine and Spirits industry and
Bellissimais poised, positioned and ready to take the market by storm in 2017.
CEO Richard DeCicco stated,
"In all my years in the industry and having been party to many successful brands over the years, I can honestly say my excitement and enthusiasm for this brand, our brand partner and the market timing has never been higher.
I look forward to consumers enjoying the finest prosecco on earth."
Additionally Management is pleased to announce that Iconichas reached an agreement with its existing note holders, whereby terms of conversion have been renegotiated to not less than $.0015 and whereby no more than $20,000 USD can be sold in any single month without prior written approval from Management.
Additionally, Management reserves the right to negotiate a final purchase of all outstanding debt during the 1 year term.
Management wants to thank Iconic debt holders for working with the Company and assisting its growth.
Iconic has updated its Security Details on OTC Markets to accurately reflect the current share structure, and Management is working towards completing current financial reports.
www.BellissimaProsecoo.com, developed by CEO Richard DeCicco in conjunction with International Celebrity and entrepreneur Christie Brinkley.
Bellissima is a line of Organic Prosecco second to none; the brand has seen unprecedented positive reception since launching a few months ago, with demand already outpacing our expectations.
CEO Richard DeCicco, a 40-year industry veteran, stated, "I'm thrilled to bring this brand to market withChristie.
The product is of the highest quality and the initial market response is like nothing I've seen in the past 20 years.
We are excited to introduce this product to our Iconic portfolio and have our shareholders participate in the brand's success."
Further to our previous release, the company is in the final stages of a negotiated settlement with certain holders of company debt, and looks to finalize an agreement which will allow Iconic Brands to move forward and realize the full value of the existing portfolio, as well pursue new opportunities.
While there can be no assurance the company will be able to finalize these negotiations, the company is highly confident that the parties will execute on the agreed terms.
Iconic Brands, Inc. ("Iconic") is a beverage company with the highest expertise of developing, from inception to completion, alcoholic beverages for itself and third parties.
Iconic Brands markets and places products into national distribution through long standing industry relationships.
Iconic is also a leader in "Celebrity Branding" of beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities.
LINDENHURST, NY-- (Marketwired - Dec 16, 2016) - Iconic Brands, Inc. (OTC PINK: ICNB) announced today the closing of the previously announced LOI withBellissima Prosecco,
www.bellissimaprosecco.com; Iconic Brands now controls a 51% interest in the Brand.
Bellissima represents what Iconic believes to be the Premium Product in the prosecco category which in the United States is approaching 5 million case sales annually, and which grew at 34% last year.
The UK market is even more robust, where last year for the first time ever prosecco over took its French rival Champagne in sales.
Prosecco is clearly one of the fastest growing sectors of the Wine and Spirits industry and
Bellissimais poised, positioned and ready to take the market by storm in 2017.
CEO Richard DeCicco stated,
"In all my years in the industry and having been party to many successful brands over the years, I can honestly say my excitement and enthusiasm for this brand, our brand partner and the market timing has never been higher.
I look forward to consumers enjoying the finest prosecco on earth."
Additionally Management is pleased to announce that Iconichas reached an agreement with its existing note holders, whereby terms of conversion have been renegotiated to not less than $.0015 and whereby no more than $20,000 USD can be sold in any single month without prior written approval from Management.
Additionally, Management reserves the right to negotiate a final purchase of all outstanding debt during the 1 year term.
Management wants to thank Iconic debt holders for working with the Company and assisting its growth.
Iconic has updated its Security Details on OTC Markets to accurately reflect the current share structure, and Management is working towards completing current financial reports.
www.BellissimaProsecoo.com, developed by CEO Richard DeCicco in conjunction with International Celebrity and entrepreneur Christie Brinkley.
Bellissima is a line of Organic Prosecco second to none; the brand has seen unprecedented positive reception since launching a few months ago, with demand already outpacing our expectations.
CEO Richard DeCicco, a 40-year industry veteran, stated, "I'm thrilled to bring this brand to market withChristie.
The product is of the highest quality and the initial market response is like nothing I've seen in the past 20 years.
We are excited to introduce this product to our Iconic portfolio and have our shareholders participate in the brand's success."
Further to our previous release, the company is in the final stages of a negotiated settlement with certain holders of company debt, and looks to finalize an agreement which will allow Iconic Brands to move forward and realize the full value of the existing portfolio, as well pursue new opportunities.
While there can be no assurance the company will be able to finalize these negotiations, the company is highly confident that the parties will execute on the agreed terms.
Iconic Brands, Inc. ("Iconic") is a beverage company with the highest expertise of developing, from inception to completion, alcoholic beverages for itself and third parties.
Iconic Brands markets and places products into national distribution through long standing industry relationships.
Iconic is also a leader in "Celebrity Branding" of beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities.
Market Data 
Markets 
AI
