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, Inc.
CEO Alonzo Pierce said, "The Company has signed a MUA for an equity position in Imperial Beverage Group, Inc., who has signed an LOI for the purchase of the assets of Imperial Beverage Group, LLC, a Texas Licensed Alcohol Distributor. The purchase not only allows the Company to participate in the profits, but it will also allow the Company's brands to be distributed by Imperial Beverage Group, causing our operational cost to shrink dramatically. This opportunity provides operational control of our business from inventory, distribution, cash flow and marketing which will result in increased profits. Imperial will also invite other suppliers into the organization that are making great headway for their brands, but are being slowed because of the larger distributors' obligation to the national brands. Imperial will offer up-close and personal opportunities to showcase their brands as well as create jobs around the state for salesmen to manage the business."
Imperial currently has contracts with American Airlines, Dallas Cowboys Stadium, American Airlines Center, 1-800-Flowers, Central Market, Sigel's, Centennial, and Spec's Liquor Chain. Imperial is currently expanding into Austin, Houston and San Antonio with LTL (less than truckload) carriers and into West Texas.
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 currently has contracts with American Airlines, Dallas Cowboys Stadium, American Airlines Center, Central Market, Sigel's, Centennial, and Spec's Liquor Chain. Imperial will also be expanding into Austin, Houston and San Antonio 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.