Business
ASCC Signs Letter of Intent to Acquire International Beverage Alcohol Company
ASCC Signs Letter of Intent to Acquire International Beverage Alcohol Company.
About this update from Aristocrat Group Corp
[{"type":"text","content":"\n \n The Aristocrat \n Group Corp. (OTCQB:ASCC), a growing developer of innovative \n distilled spirits brands, announced today that it entered into a letter \n of intent to acquire or partner with an international beverage alcohol \n company.\n \n \n Famous \n Brands, LLC, is a Texas-based firm with a portfolio of 17 distilled \n spirits brands, including two domestic vodka brands. The company owns \n some brands and represents others. Famous Brands is responsible for \n national and international marketing and distribution of these spirits \n and brings to the table a strong network of retail contacts in the \n distilled spirits industry.\n \n \n A potential acquisition of Famous Brands would significantly increase \n ASCC’s revenues. Under the terms of the LOI, ASCC will have 90 days to \n conduct due diligence toward a potential definitive agreement with the \n company.\n \n \n “Famous Brands could potentially give us a big boost in revenues and \n industry access, in addition to filling out our brands roster \n significantly,” said ASCC CEO Robert Federowicz. “Our due diligence \n process will begin immediately.”\n \n \n International expansion will be a top priority for ASCC in 2016. In \n November, the company fulfilled its first order from outside the United \n States, placing bottles of its Ultra-Premium Handcrafted RWB Vodka on \n store shelves in Canada for the first time. Now, the company is gearing \n up to process much more new business.\n \n \n To learn more about RWB Ultra-Premium Handcrafted Vodka, please visit www.rwbvodka.com.\n \n \n About the Aristocrat Group Corp.\n \n \n The Aristocrat Group Corp. (ASCC) identifies and promotes unique brands \n that have mass market appeal across diverse demographics. ASCC’s brand \n management includes premium luxury goods, including top-shelf distilled \n spirits like RWB Vodka. The Company targeted the growing market for \n quality domestic spirits in order to deliver maximum returns to its \n shareholders. ASCC, which hopes to capitalize on unprecedented \n new brand-building opportunities, is working to build a portfolio of \n successful brands to compete in a highly profitable sector alongside \n LVMH Moet Hennessy Louis Vuitton (OTCBB: LVMUY), Diageo PLC (NYSE: DEO), \n and Brown-Forman Corp. (NYSE: BF-B).\n \n \n For more i...