SOURCE: South Beach Spirits, Inc.

South Beach Spirits, Inc.

December 10, 2015 08:30 ET

South Beach Spirits, Inc. Provides Corporate Update

SUNRISE, FL--(Marketwired - Dec 10, 2015) - South Beach Spirits, Inc. (OTC PINK: SBES) ("South Beach Spirits" or the "Company"), an alcoholic spirits development, marketing, and distribution holding company, today announced that the lawsuit filed pro se by Victor Harvey, Sr. on his own behalf and on behalf of V Georgio Enterprises, LLC was dismissed without prejudice. Also, service of process against South Beach Spirits was quashed as invalid and V Georgio Enterprises was required to have a Florida licensed attorney represent it in this lawsuit, with a failure to do so resulting in a dismissal of the lawsuit against South Beach Spirits.

On October 19, 2015, the Company was served by mail with a pro se legal action filed by Victor G. Harvey, Sr. and his limited liability company, V Georgio Enterprises, LLC, in Circuit Court, Broward County, Florida, alleging certain breaches of the Company's payment obligations under an Asset Purchase and related agreements entered into with the Company as disclosed in connection with the previously announced acquisition of the V Georgio vodka brand, and Mr. Harvey's employment as CEO of V Georgio, Inc., a subsidiary of the Company formed to relaunch the brand.

Yesterday morning the court granted all of the relief requested by South Beach Spirits during a hearing at the Broward County Courthouse on its Motion for Extension of Time to Respond to Complaint; Motion to Quash Service of Process, Motion to Dismiss and Motion to Strike Victor G. Harvey, Sr. and V Georgio Enterprises' Complaint and on South Beach's motion made in open court that Victor G. Harvey, Sr. and V Georgio Enterprises' motion for default against South Beach Spirits set for hearing on December 14th should be denied as moot and the hearing canceled.

The Court allowed for the extension of time to respond to the Complaint as deemed served and filed. The Court quashed service of the summons and complaint on South Beach for failing to receive proper service as required by Florida statute. The court gave V Georgio 20 days for a Florida licensed attorney to file a notice of appearance on its behalf or the complaint will be dismissed as to V Georgio.

About South Beach Spirits, Inc. (SBES)

South Beach Spirits, Inc. (OTC PINK: SBES) is a Florida-based alcoholic spirits development, marketing, and distribution holding company.

Disclaimer/Safe Harbor: This South Beach Spirits, Inc. news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

Contact Information

  • Investor/Media
    South Beach Spirits, Inc. - Investor Relations
    Email: Email Contact
    Toll-Free: (888) 706-0099