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CHARLESTON, S.C., March 29, 2016 -- Striped Pig Distillery announced that a revised letter of intent has been signed between the Distillery and South Beach Spirits, Inc. (OTC PINK:SBES), a Florida-based alcoholic spirits development, marketing, and distribution company.
Striped Pig Distillery launched in 2013, and was Charleston’s first distillery since Prohibition. It specializes in small-batch, handcrafted spirits made from the freshest, local ingredients. Striped Pig Distillery has two operating divisions, the first being the distillation of its own brands of ‘Shine, Vodka, Gin, Rum, Spiced Rum, Whiskey and Bourbon; the second division produces private label spirits for outside companies.
Operating partners, Jim Craig, Todd Weiss, Johnny Pieper and Juliana Harless commented that this investment would allow Striped Pig Distillery to accelerate the growth of its brand and improve overall production efficiencies and capacities at the distillery.
Martin Ustin, South Beach Spirits CEO said, “The intent of our investment is to vertically integrate our brands under their private label division.”
The terms of the investment have not yet been disclosed by the parties.
Find more information about Striped Pig Distillery by visiting their website, www.stripedpigdistillery.com.
About South Beach Spirits, Inc. (SBES)
South Beach Spirits, Inc. (SBES) is a Florida-based alcoholic spirits development, marketing, and distribution holding company. www.southbeach-spirits.com
Disclaimer/Safe Harbor: This South Beach Spirits, Inc. news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.
INVESTOR/MEDIA South Beach Spirits, Inc. – Investor Relations Email: [email protected] Toll Free: (888) 706-0099 Media Contacts: Ken McLeod, South Beach Spirits, Inc. (800) 670-3879, [email protected] Juliana Harless: Striped Pig Distillery, LLC (843) 276-3201, [email protected]
