HOUSTON, TX / ACCESSWIRE / May 4, 2015 / Top Shelf Brands Holdings Inc., a Nevada Corporation (OTCPK: DKTS), is pleased to inform its current shareholders that the company's management has received an offer from International Spirit and Beverage Group, Inc. (OTCPK:ISBG), to purchase certain assets.
This transaction includes but is not limited to all properties, trademarks, distribution rights, licenses and copyrights pertaining to the Besado Tequilas and Dziaq Spirits brands. The offer includes issuance of International Spirits and Beverage Group Inc., common stock, a number as yet not agreed upon, which shall be proportionally distributed to the common shareholders of Top Shelf Brands Holdings, Inc. If the offer is accepted, DKTS shareholders will retain all their current shares in DKTS in addition to receiving the issued ISBG shares.
"At this point we are looking at all options before we accept this letter of intent," Pierce said. "I have the responsibility of not only doing what is best for the company but for all of the shareholders as well. There are not many clear cut decisions when it comes to something of this magnitude."
Pierce's frustrations with the DKTS corporate shell stem from issues that began long before he took over the helm at Top Shelf Brands (TSB).
"I knew there would be obstacles to overcome but never dreamed the issues with the corporate shell would turn out as they did," Pierce said. "Regardless of the decision on the letter of intent, the company will work diligently to resolve these problems and move to clean up this shell so that we will have a much smoother path to success when subsequent assets are acquired."
The issues with the corporate shell aside, Pierce is extremely happy with the model used to bring about the Besado brand.
"This is the culmination of what a holding company does - acquire assets below market value, develop those assets, and sell them for a profit," said Top Shelf Brands CEO, Alonzo Pierce. "If it is in the best interest of the company and its shareholders to accept the offer, we will. Regardless, I do want to stress this model worked for DKTS and we will continue to use and develop this model in the future to purchase new assets and therefore continuing to increase shareholder value for DKTS shareholders."
About TSB: www.drinktopshelf.com
Top Shelf Brands Holdings incubates, creates, markets and supplies branded alcoholic beverages with an initial offering of Tequila, Liqueur and Bourbon. Being a federally licensed importer and supplier of alcoholic beverages gives us a competitive edge. Top Shelf Brands is dedicated to "Incubating and Creating Brands People Talk About". Top Shelf Brands is positioned to capitalize on the $1 trillion spirits industry. Strong growth in the industry is anticipated primarily in the premium category.
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Top Shelf Brands Holdings, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Top Shelf Brands Holdings Inc
