SOURCE: Emperial Americas
SARASOTA, FL--(Marketwire - Jul 19, 2012) - Emperial Americas, Inc. (OTCBB: TEXX) Management today announced that it has signed a Memorandum of Understanding for the purchase of an equity position in Imperial Beverage Group, LLC a Texas License Alcohol Distributor.
CEO Alonzo Pierce said, "The Company has signed a MOU for the purchase of an equity position in Imperial Beverage Group, LLC. The purchase not only allows the company to participate in the profits, it also will allow the company's brands to be distributed by Imperial Beverage Group which allows our Operational cost to shrink dramatically. This opportunity gives us the best chances of controlling our business from inventory, distribution, cash flow and marketing our brands and brands we will distribute with profits and increased profits. We will invite other suppliers into our organization who are making great headway for their brands but are being slowed because of the larger distributors obligation to the national brands. We will offer them up-close and personal opportunities to showcase their brands. We will create jobs around the state for salesmen to manage our business. Imperial currently has a distribution contract with American Airlines, winetasting.com, a subsidiary of 1-800-Flowers and Coca-Cola, of which we will benefit from."
Imperial Beverage Group, LLC, a distributor of fine wine and spirits was established in 2004 and is Texas-based with offices in Dallas and Houston. The Imperial Management team has a combined industry experience of over 70 years. Their established relationships in the wine and spirits industry are a reflection of the level of expertise that they bring to Imperial. Imperial employs a diverse staff of experienced sales professionals and consultants representing the product portfolio to various retail wine and spirit buyers including restaurants, bars, hotels, independent retailers, chain grocery (Albertson's, HEB, etc.) and warehouse club stores. Just recently, Imperial was selected to sell and distribute Coca-Cola. Imperial has a very robust future as it has been conducting business with American Airlines and American Eagle red and white service, Dallas Cowboys Stadium, American Airlines Center, Central Market, Sigel's, Centennial, and Spec's Liquor Chain. Imperial will also be expanding its distribution this fall into other markets Austin with an LTL carrier this fall. The company website is: www.ibevgroup.com
Emperial Americas, Inc. develops, imports, markets and supplies branded alcoholic beverages with an initial offering of Tequila and Bourbon. Emperial Americas is dedicated to creating: "The brands people talk about." The Company vision is to be the ultimate brand builders of the industry by engaging the consumer and the commerce with unparalleled delivery. You can find more about the Company at its website: www.emperialamericas.com
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Emperial Americas, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.