BrewBilt Manufacturing has $350K in 1st Qtr -2023 Sales and Installs Dorcol Distilling & Brewing Co in Texas

Rhea-AI Summary

BrewBilt Manufacturing Inc. (OTCPINK: BBRW) announced the installation of a 15BBL brewhouse in San Antonio, Texas, for Dorcol Distilling & Brewing Co., known for its award-winning spirits and artisan ales. BrewBilt achieved approximately $350,000 in sales for Q1 2023, with over $1M in deferred revenue expected from jobs to be delivered by the end of Q2 2023. Dorcol received accolades, including a Critics' Choice Award and a 90-point Gold medal for its Kinsman Apricot Rakia. BrewBilt specializes in custom manufacturing for the craft beer industry, focusing on processing, fermentation, and distillation systems.

Positive

• Installation of a new 15BBL brewhouse indicating business growth.
• Sales of approximately $350,000 in Q1 2023.
• Over $1M in deferred revenue for upcoming projects.

Negative

• None.

GRASS VALLEY, CA, April 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today BrewBilt Manufacturing Inc. (the "Company") (OTCPINK: BBRW) announced the new installation of a 15BBL brewhouse in San Antonio, Texas, for Dorcol Distilling & Brewing Co.; the makers of fine spirits, craft cocktails and artisan ales known as Kinsman Rakia and Highwheel.

DORCOL received a Critics’ Choice Award for Best Locally Made Spirit/Beer and Kinsman Apricot Rakia was named the 2014 highest rated American brandy at the Beverage Testing Institute’s World Spirit Championships in Chicago. The 90-point Gold medal also tied the highest ever Texas spirit rating. The distillery has become a destination, showcasing award-winning spirits, craft cocktails, local music performers and art shows alike.  

BrewBilt Manufacturing sales for the first quarter ending March 31, 2023, is approximately $350,000, with over $1M of deferred revenue which are for jobs to be delivered in the second quarter ending June 30, 2023. 

Follow us on Twitter (@BrewBilt) and Instagram (@BrewBilt_Mfg)

ABOUT BREWBILT MANUFACTURING COMPANY: (http://www.brewbilt.com)

BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer industry. 

FORWARD LOOKING STATEMENTS This document contains forward-looking statements. Forward- looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; the failure of customer quotes to result in executed purchase orders; reduced customer demand for the Company’s products; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. – BBRW
(530) 802-5023
Info@BrewBilt.com

Source: BrewBilt Manufacturing Inc.

FAQ

What is the significance of BrewBilt's new brewhouse installation in San Antonio?

The installation represents business growth and an expansion of BrewBilt's manufacturing capabilities, enhancing its portfolio.

What were BrewBilt's sales figures for the first quarter of 2023?

BrewBilt reported approximately $350,000 in sales for Q1 2023.

How much deferred revenue does BrewBilt have expected for Q2 2023?

BrewBilt has over $1M in deferred revenue expected for jobs to be delivered by June 30, 2023.

What awards has Dorcol Distilling & Brewing Co. received?

Dorcol received a Critics’ Choice Award for Best Locally Made Spirit/Beer and a 90-point Gold medal for Kinsman Apricot Rakia.