Business
Iconic Brands-ICNB Preferred Share Exchange
Iconic Brands-ICNB Preferred Share Exchange.
About this update from Iconic Brands, Inc.
[{"type":"text","content":"\nAMITYVILLE, NY, April 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Iconic Brands, Inc. (OTCQB: ICNB) announced today that the Company has retired three classes of its preferred stock in a share exchange with its CEO, Richard DeCicco. Pursuant to the agreement, Preferred Share Classes B, C, & D were retired and, in exchange, Mr. DeCicco received two million shares of the Company’s restricted common stock. \n The share exchange advances the Company’s efforts to simplify its share structure. The Company is also working to further consolidate the remaining minority interests in the entities owning Bellissima and Bivi Vodka into Iconic Brands, Inc.  Mr. Richard DeCicco stated, “The share exchange was taken to directly align my interest with those of our common shareholders. We continue to work diligently to build our company and create shareholder value. I thank everyone for their continued support.”  About Iconic Brands, Inc.  Iconic Brands, Inc. (\"Iconic\") is a beverage company with expertise in developing, from inception to completion, alcoholic beverages for itself and third parties. Iconic Brands markets and places products into national distribution through long standing industry relationships. Iconic is a leader in \"Celebrity Branding\" of beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities. Currently offering Bivi Vodka, www.BiviVodka.com and Bellissima Prosecco, www.BellissimaProsecco.com. Iconic Brands is a developer of private label spirits for established chains and brands both domestically and Internationally. Under its subsidiary, Hempology Inc., Iconic Brands is, to the extent the law allows, developing liquor-based products infused with Hemp and CBD.  Please visit our website and follow us on twitter @BellissimabyCB and on  Instagram @BellissimaProsecco. View Christie’s appearance schedule which we will continue to update, and great new recipes: www.bellissimaprosecco.com  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...