LAS VEGAS, NV, October 4, 2018 (GLOBE NEWSWIRE) – International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, and Bengala Technologies LLC, (“Bengala”), a development firm specializing in tailored technology solutions with an expertise in blockchain and distributed ledger technology – together, the ISBG-Bengala Blockchain Project (the “Project”) – are excited to announce that Project development is running well ahead of schedule, with full functional development of the Project’s Minimum Viable Product (“MVP”) now more than halfway complete, including full completion of all steps involved in feature selection.

Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, commented, “The system checks out on every level so far. We have a foundation now in place that should stand up to feature layering, and we have now completed selection and approval of the features that will take us further into development of our MVP. We are very pleased with the progress, now more than 50% complete with MVP development, which is well ahead of our anticipated timeframe.”

The ISBG-Bengala Blockchain Project is a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive product management solution for the beverage industry. The company is creating a single, functionally-integrated, decentralized system designed to streamline all steps from farmer to bartop or countertop, including manufacturing, logistics, and marketing.

The MVP is an integrated solution that tracks all elements involved in the production of spirits leading from farmer to retailer – including registering, moving, tracking, selling, buying, quality control, paperwork, importation, exportation, taxes, and inventory.

“To be ahead of schedule at this point is very satisfying,” commented ISBG CEO, Terry Williams. “You have configurations and a probabilistic universe you are going inhabit for a process like this. We have a very talented team working on this. But we also probably got some good luck and rolled a few sevens in a row. We are very excited about building out the system from here in terms of higher features.”

ABOUT ISBG-BENGALA BLOCKCHAIN PROJECT

The Project is a blockchain and Fintech company that represents the partnership between ISBG and Bengala Technologies LLC, (“Bengala”), a development firm that specializes in tailored technology solutions with an expertise in blockchain and distributed ledger technology. The platform consists of a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive product management solution for the beverage industry. The company is creating a single, functionally-integrated, decentralized system designed to streamline all steps from farmer to bartop or countertop, including logistics and marketing.



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