Pacific Ventures Group is beneficiary and trustor of Snobar Trust, which in turn owns International Production Impex Corporation (IPIC). In August this year, the company had announced that it will fulfill the Snobar line for both the east and west coast of the US. The company plans to do this through its own distribution centers.
IPIC has the liquor licenses under which it can sell ice pops sherbet and ice cream that are alcohol infused. These are just frozen alcohol beverages, including vodka and tequila. These are sold under the trade name Snobar. The Ice creams and sorbets contain 20% alcohol. In August this year, Pacific Ventures Group had acquired a distribution company in Southern California which handles frozen foods and other similar items. The company expects to complete its deal with the distribution company after all legal formalities have been completed. This new acquisition will enhance the company’s current food distribution network and increase its revenues and overall profits. This will also provide a bigger customer base to the company’s business, give it a larger product range, and significantly expand its retail and institutional network.
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