SACRAMENTO, CA, March 04, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today BrewBilt Manufacturing Inc. (the â€œCompanyâ€) (OTCPINK: BBRW), announces 1stÂ quarter revenue of $3.1M and our newest strategic partnership with BrewBilt Brewing Company.
Jef Lewis, Chairman and CEO, stated, â€œToday is a historical event with BrewBilt Manufacturing. The company reports $3.1M in 1stÂ quarter revenue, with $17M in pending orders, and growing. We have opened markets in Korea, Finland, and various parts of North America. We have millions of following globally, and the company continues to snow-ball its products and growth across the craft brew world of beer drinkers.â€
Mr. Lewis further stated, â€œMore important is that we have a strategic partnership with BrewBilt Brewing Company (Florida Corporation). This company is a reorganization of another public company, symbols SIML, and will be filing the PRE14C this month as a part of reorganization to build the brewery. SIML has purchased the facility, and the brewing facility will be licensed and in operation by summer-2021. The strategic partnership will allow revenue capture for customers who want to build a brewery and customers seeking a contract brewery to make craft beer. Both companies will cross pollinate marketing and sales. Projected beer sales are $25M-$125M over the next 36 months. Projected revenue for building brewery systems is projected to be $250M over the next 48 months.â€
The company continues to repurchase stock up to $5M by 12/31/2021. Further, as a part of the SEC changes with Rule-144, the company has filed the Registration-A to avoid any toxic convertible note funding and to be compliant with its Broker-Dealer with any future funding needs under the Registration-A Offering. The company will self-fund future operations.
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ABOUT BREWBILT:Â ( www.brewbilt.com )
Located in the Sierra Foothills of Northern California, BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using â€œBest in Classâ€ American made components integrated with stainless steel processing vessels using only American made steel. Founded in 2014, the company began in a backyard shop by Jef Lewis with a vision of creating a profitable company in â€œRural Americaâ€. BrewBilt has built a solid foundation by having strong relationships with local suppliers of raw materials, equipment and services in California, an aggressive referral network of satisfied customers nationwide, and an Advisory Board consisting of successful business leaders that provide valuable product feedback and business expertise to management. The craft brewing & spirits industries continue to grow worldwide. California is where craft brewing began and now has over 900 operating breweries â€“ being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills. All BrewBilt products are designed and fabricated as â€œfood gradeâ€ quality which enables the company to build vessels for food & beverage processing. More important, the company has been building systems that are pharmaceutical grade for clients involved in distillation for the cannabis and hemp industries over the past 36 months, thus making the revenue potential much greater.
FORWARD LOOKING STATEMENTS This document contains forward-looking statements.Â Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing managementâ€™s views as of any subsequent date.Â The forward-looking statements are based on managementâ€™s expectations and are subject to a number of risks and uncertainties.Â Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.Â Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporationâ€™s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporationâ€™s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.Â Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.
Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. -Â Â BBRW
Call or Text:Â 530-802-5023
Source: BrewBilt Manufacturing Inc.
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