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ISBG Announces White Paper Complete, Development Underway on Minimum Viable Product Iteration of Blockchain-Based Supply Chain Technology

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LAS VEGAS, NV, Sept. 04, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- International Spirits and Beverage Group Inc. (OTCQB:ISBG) ("ISBG" or the "Company"),a top-tier brand incubator in the Global Wine & Spirits market, is excited to announce the completion of the white paper associated with its blockchain solution for supply chain logistics in the beverage industry. In addition, the core technology associated with the project is now fully functional and development work on the Minimum Viable Product ("MVP") has gotten underway.

"This is going to change everything in our industry," commented ISBG Chairman, Alonzo Pierce. "This technology integrates the entire supply-chain management process into a seamless and streamlined system built on the power of the blockchain."

In its release dated August 2, 2018, the company announced its formal partnership with Bengala Technologies, LLC, ("Bengala"), a technology firm with special expertise in developing blockchain-based solutions, to complete development of a supply-chain management solution powered by blockchain technology, integrated into an Internet-of-Things framework, designed to streamline all logistics involved in the production and distribution of alcoholic beverages.

With the completion of the white paper and initiation of development work on the MVP, all steps related to design have now been completed, allowing the partnership to focus on testing and refining the system before marketing it as a top-tier enterprise logistics management solution for the $391 billion Global Wine and Spirits Industry. 

"Completing the white paper and getting development of the MVP underway is a huge step," continued Mr. Pierce. "The development process has been an adventure, but the team at Bengala has been exceptional to work with, and the core technology is finally in place. It's one of those moments where you just can tell that this is how things will have to be done from now on. It's so much easier."


About ISBG: ISBG is a Nevada-based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands and establishing these brands as viable and profitable. ISBG intends to build its own brands while seeking out individual acquisition candidates to continue to develop its pipeline of new brands into the ISBG portfolio. For more information visit: www.isbg.global  


Forward Looking Statements: This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).



Contact:
For Additional Investor Information:
International Spirit & Beverage Group, Inc.
info@isbg.global

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