SBD Capital Corp. Provides Update on Operations
TORONTO, May 16, 2019 (GLOBE NEWSWIRE) -- SBD Capital Corp. (the “Company”) (CSE SBD) (OTCQB SBDCF) announces that it has signed a marketing and distribution agreement with SABA Marketing LLC. based in Chicago, Illinois. SABA, which is licensed to import, export, and wholesale alcoholic products in the United States, will manage the sale of the Secret Barrel Distillery product line in the US.
SABA is currently approved to wholesale in the State of Illinois and is waiting for final approval to wholesale products in another five states. Secret Barrel Distillery has shipped an initial 5,000 cases of its rum products to SABA’s warehouse facility in Chicago and to-date the product has been distributed to an initial group of key accounts.
The Company is also pleased to announce that Mr. John Dyer has been appointed as the chief financial officer (“CFO”) of the company replacing Mr. Chris Hopkins who has resigned as CFO and as a director in order to pursue other opportunities. The company extends its appreciation to Mr. Hopkins for his help in the Company’s initial listing and financing. Mr. Dyer is a Chartered Professional Accountant with experience in publicly listed companies.
About Secret Barrel Distillery
Secret Barrel Distillery is a craft distillery operation focusing on a sustainable, small batch approach delivering on evolving consumer preferences for pure, inspired and authentic alcoholic beverages. To learn more about Secret Barrel Distillery, visit www.secretbarreldistillery.com or follow www.twitter.com/secretbarrelyyc and www.instagram.com/secretbarreldistillery
About SBD Capital Corp.
SBD Capital Corp. was established in 2017 to identify and invest in venture and early stage craft alcohol companies, focusing on innovative brands built around human capital. As a pioneer in craft alcohol investing, the Company remains committed to innovation, social partnerships, and sustainable growth. https://www.sbdcapitalcorp.com/
FOR FURTHER INFORMATION PLEASE CONTACT:
SBD Capital Corp.
Adam MacDonaldPresident & DirectorTel: (403) 813-1110
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.