Innovation Beverage Group Receives Largest Shipment of Its Top-Selling Bitters to Date in the U.S. - Ready to Meet Growing Demand from Expanding Distribution Network
Innovation Beverage Group (NASDAQ:IBG) has received its largest shipment of Australian Bitters Company and BITTERTALES brands in the U.S. to meet growing demand from its expanding distribution network. The company's Australian Bitters Company brand is now available nationwide through Sysco, marking it as the first bitters to be distributed by the global foodservice leader. Both brands are produced at IBG's FDA and GMP certified facility in Australia. The Australian Bitters Company won a Gold Medal at the 2018 LA Spirits Awards, while BITTERTALES secured Best in Show, Platinum, and Gold medals at various LA Spirits Awards between 2018-2021.
Innovation Beverage Group (NASDAQ:IBG) ha ricevuto la sua più grande spedizione dei marchi Australian Bitters Company e BITTERTALES negli Stati Uniti per soddisfare la crescente domanda della sua rete di distribuzione in espansione. Il marchio Australian Bitters Company è ora disponibile a livello nazionale tramite Sysco, segnandolo come il primo bitter a essere distribuito dal leader globale nel settore della ristorazione. Entrambi i marchi sono prodotti nella struttura certificata FDA e GMP di IBG in Australia. La Australian Bitters Company ha vinto una Medaglia d'Oro agli LA Spirits Awards 2018, mentre BITTERTALES ha ottenuto il premio Best in Show, Medaglia Platino e Medaglie d'Oro in vari LA Spirits Awards tra il 2018 e il 2021.
Innovation Beverage Group (NASDAQ:IBG) ha recibido su mayor envío de las marcas Australian Bitters Company y BITTERTALES en EE. UU. para satisfacer la creciente demanda de su red de distribución en expansión. La marca Australian Bitters Company ahora está disponible a nivel nacional a través de Sysco, siendo la primera bitter distribuida por el líder global del servicio de alimentos. Ambas marcas se producen en la instalación certificada por la FDA y GMP de IBG en Australia. La Australian Bitters Company ganó una Medalla de Oro en los LA Spirits Awards 2018, mientras que BITTERTALES aseguró el premio Best in Show, Medallas Platino y Oro en varios LA Spirits Awards entre 2018 y 2021.
Innovation Beverage Group (NASDAQ:IBG)는 미국에서 Australian Bitters Company와 BITTERTALES 브랜드의 최대 출하를 받았습니다. 이는 확장되는 유통망의 증가하는 수요를 충족하기 위함입니다. Australian Bitters Company 브랜드는 이제 Sysco를 통해 전국적으로 제공되며, 이는 글로벌 식품 서비스 리더에 의해 유통되는 최초의 비터로 기록됩니다. 두 브랜드 모두 IBG의 FDA 및 GMP 인증 시설에서 호주에서 생산됩니다. Australian Bitters Company는 2018 LA Spirits Awards에서 금메달을 획득했으며, BITTERTALES는 2018년부터 2021년 사이에 여러 LA Spirits Awards에서 Best in Show, 플래티넘 및 금메달을 수상했습니다.
Innovation Beverage Group (NASDAQ:IBG) a reçu sa plus grande expédition des marques Australian Bitters Company et BITTERTALES aux États-Unis pour répondre à la demande croissante de son réseau de distribution en expansion. La marque Australian Bitters Company est désormais disponible à l'échelle nationale via Sysco, marquant celle-ci comme le premier amer à être distribué par le leader mondial de la restauration. Les deux marques sont produites dans l'installation certifiée par la FDA et GMP d'IBG en Australie. La Australian Bitters Company a remporté une médaille d'or aux LA Spirits Awards 2018, tandis que BITTERTALES a obtenu le prix Best in Show, des médailles Platine et Or lors de divers LA Spirits Awards entre 2018 et 2021.
Innovation Beverage Group (NASDAQ:IBG) hat die größte Lieferung der Marken Australian Bitters Company und BITTERTALES in den USA erhalten, um der wachsenden Nachfrage aus ihrem expandierenden Vertriebsnetz gerecht zu werden. Die Marke Australian Bitters Company ist nun landesweit über Sysco erhältlich, was sie zu dem ersten Bitter macht, das vom globalen Marktführer im Bereich der Gastronomie vertrieben wird. Beide Marken werden in der von der FDA und GMP zertifizierten Einrichtung von IBG in Australien produziert. Die Australian Bitters Company gewann eine Goldmedaille bei den LA Spirits Awards 2018, während BITTERTALES zwischen 2018 und 2021 bei verschiedenen LA Spirits Awards den Best in Show, Platin- und Goldmedaillen sicherte.
- Secured nationwide distribution through Sysco, a major foodservice distributor
- Largest inventory shipment to date indicates growing market presence
- Multiple industry awards for product quality
- None.
Insights
The significant inventory expansion for IBG's bitters brands in U.S. warehouses signals strong market positioning and growth potential. The nationwide distribution deal with Sysco, a major foodservice distributor, represents a substantial market opportunity. The company's award-winning products and expanded distribution network suggest increasing market penetration in the competitive U.S. spirits market.
The strategic timing of this inventory buildup aligns with potential new retail partnerships, indicating proactive supply chain management. However, investors should note that while increased inventory suggests confidence in demand, it also ties up working capital and carries inventory management risks. The success will largely depend on the actual sell-through rates and the company's ability to convert distributor interest into concrete sales agreements.
IBG's award-winning Australian Bitters Company brand is one of the top telling bitters brands in Australia
SEVEN HILLS, AUSTRALIA / ACCESSWIRE / October 29, 2024 / Innovation Beverage Group Ltd, ("IBG" or the "Company") (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today that through warehouses in the U.S., the Company has received its largest shipment of Australian Bitters Company and BITTERTALES brands to serve its expanding distribution network.
Recently, IBG announced that its Australian Bitters Company brand is now available nationwide through Sysco and is the first bitters to be sold by the global leader in foodservice distribution. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.
"We now have our U.S. warehouses stocked with ample supplies of our bitters brands to meet demand from our rapidly expanding distribution network in North America," stated IBG's CEO Dean Huge. "Major retail chains and additional large distributors are currently considering adding Australian Bitters Company and BITTERTALES to their offerings and we are ready to deliver."
IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards.
About Innovation Beverage Group
Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: www.innovationbev.com.
Forward Looking Statement
This press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.
The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.
All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.
The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.
Contact:
TraDigital IR
John McNamara
917-658-2602
John@tradigitalir.com
SOURCE: Innovation Beverage
View the original press release on accesswire.com
FAQ
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