Business
Iconic Brands Year End Update
Iconic Brands Year End Update.
About this update from Iconic Brands, Inc.
[{"type":"text","content":"\n\n AMITYVILLE, NY, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Iconic Brands, Inc. (OTC Pink: ICNB) is pleased to provide a year-end update as well as some of the corporate plans for 2018. The company is projecting to finish the year with over $3.3 million in revenue, primarily derived from the sales of the Bellissima line of Sparkling Wines and Prosecco. Bellissima is now available in thousands of retail locations across the country in 45 states and through a number of online retailers.  In the fourth quarter the Company successfully shipped to our newest retailer Publix to their 1100 stores in seven states.  In the new year we will continue with our existing retailers, bolstering marketing programs both in store and through social and traditional media. The company expects to continue adding major retailers and big box stores throughout 2018, and continue to grow sales. Bellissima is now a very successful national brand with international expansion plans to include Asia, United Kingdom, Australia, Holland and of course Canada starting with the LCBO for 2018.\n In 2018 Bellissima Prosecco and Sparkling Wines will be introducing a new package size, a 375 ML bottle, or half bottle. This new package size will give us a stronger presence in the “on-premise” accounts, i.e. restaurants, hotels, bars, casinos etc.  This will provide a single serve option to allow a larger audience to experience Bellissima. The company is actively working on a new product under the Bellissima umbrella with an anticipated launch announcement at this year’s WSWA National Convention. In addition the company is exploring the development of additional unique new products, acquisitions and mergers. The company as previously announced is engaged and focused on becoming fully audited, and will seek an up listing in 2018. The law firm of Clyde Snow and Sessions has been retained for legal as well our auditors, Blanchfield, Meyer, Kober, and Rizzo LLP. The audit process is well under way and will be completed as soon as possible. The Company has also retained Bevilacqua PLLC to explore crowdfunding options to fuel future growth. The company is pleased to announce the repayment in full of the initial product funding lines. The Company is also going to take advantage of a discounted payback incentive for the remaining second funding, ...