Miami, FL – May 23, 2019 – An elite wall street independent small cap media group with a history of bringing lucrative opportunities, Updates on International Spirits & Beverage Group, Inc. (OTC: ISBG)
Paradigm Home Health Agreement
In January 2018, the Company entered into an agreement with Paradigm Home Health (“PHH”) whereby the Company would assist PHH in the management of its services (the “PHH Agreement”). During the three months ended March 31, 2019, the Company recognized income and costs in the amounts of $100,347 and $113,045, respectively, pursuant to the PHH agreement. During the three months ended March 31, 2018, the Company recognized income and costs in the amounts of $47,354 and $21,213, respectively, pursuant to the PHH agreement. The Company and PHH share equally in any profits or losses generated pursuant to the PHH Agreement. At March 31, 2019, the Company has recorded a receivable from PHH in the amount of $28,669 for the amount due under the profit sharing agreement; this amount is recorded as Other Current Assets on the Company’s balance sheet.
On June 6, 2018, the Company entered into an agreement with Bengala Technologies, LLC, a blockchain consulting and developing company (the “Blockchain Software Development Agreement”) to co-develop and market a blockchain-based platform to streamline industry related business services and logistics. The development of the platform is in its preliminary stages. During the three months ended March 31, 2019, the Company made cash payments in the amount of $43,663 pursuant to the Blockchain Software Development Agreement.
ISBG Near 52W Low
This undervalued stock near 52W low should be in everyone’s watchlist. ISBG’s current share structure is the following: AS 500,000,000 OS 323,813,755. The market cap at the time of writing was $757,724. The current share price is $0.0023.
Chart Technicians Predictions
ISBG main support is at .0020, Key pivot breaks will be .0030 and 0039. If the stock breaks above .0050 it could potentially test .0070+
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