SOURCE: Montalvo Spirits Inc.
MOORPARK, CA--(Marketwired - Apr 30, 2014) - Montalvo Spirits, Inc., (OTCQB: TQLA) ("Montalvo" or, the "Company") announced today that its wholly-owned subsidiary, Cannabis Beverage Group, Inc., has launched a fully functional ecommerce website (http://cannabisbeveragegroup.com) to initially provide a variety of hemp based products. The site is now fully operational and has begun receiving and processing orders.
"We are extremely excited about the launch of cannabisbeveragegroup.com and the initial products we are offering," commented Alex Viecco, CEO of Montalvo. "We hope to grow our product base through additional wholesale distribution agreements as well as the development of our own products," added Viecco.
The site is initially offering over 20 products, including hemp protein shake powder, hemp seeds, hemp oil, and hemp milk, which are sourced from a variety of leading suppliers. The Company plans to continuously add new products and new product categories such as energy drinks, teas, and coffees, which contain hemp as a main ingredient. The Company encourages brands looking for distribution of their cannabis products to contact the Company through its website.
"This is an important step in the growth of the Company as it signifies an additional revenue stream without significant capital expenditures," said Carlos Gonzalez, Montalvo's Chief Operating Officer.
About Cannabis Beverage Group, Inc.
Cannabis Beverage Group, Inc. ("CBG" or the "Company"), a wholly-owned subsidiary of Montalvo Spirits, Inc. (OTCQB: TQLA), is a newly-formed Colorado corporation which is exploring entry into the cannabis-based beverage industry. CBG will pursue the development, marketing, and distribution of cannabis-based beverages, which includes sodas, teas, energy drinks, liqueurs, and elixirs. CBG is actively seeking widely legal, non-THC containing cannabis beverages through the development of new brands as well as acquisition, partnership, or distribution arrangements with brands that are currently in the market. In addition, CBG has begun gathering regulatory information regarding the potential partnership or acquisition of properly licensed companies in the medical marijuana beverage industry.
About Montalvo Spirits, Inc.
Montalvo Spirits, Inc. develops, markets and distributes premium alcoholic beverages, with its initial offering being the award-winning Montalvo Tequila. The Company plans to focus on artisanal spirit brands with a tradition of excellence and quality. Additional information concerning the Company is available on the Company's website: http://montalvospirits.com
Forward Looking Statements: Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Montalvo Spirits, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Montalvo assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.