Attached files
Exhibit 99.1
SOUTH BEACH SPIRITS APPOINTS INDUSTRY VETERAN MARTIN D. USTIN AS CEO
Sunrise, Florida - December 7, 2015 -[GRAPHIC OMITTED][GRAPHIC OMITTED] South
Beach Spirits, Inc. (OTC PINK: SBES) ("South Beach Spirits" or the "Company") is
pleased to announce that the Company has appointed distilled spirits industry
veteran Mr. Martin D. Ustin, who is currently a member of South Beach Spirits
Board, to the position of Chief Executive Officer.
"Martin Ustin's strong leadership will be a valued addition to South Beach
Spirits," commented Vincent Prince, CFO of South Beach Spirits. "His expertise
and hands-on experience in the distilled spirits industry is very valuable as we
continue to grow the company and distribution network."
Martin Ustin's business experience spans more than 45 years and includes product
and production design, manufacturing, marketing, sales, distribution, the
private practice of law, and local government service. He has bought, sold and
started businesses of his own, particularly in the areas of wholesale
distribution and retail sales, and has represented entrepreneurs in the
evaluation and creation of strategies to maximize the value of their company.
In the distilled spirits arena, Mr. Ustin served as an officer and director of
start-up companies in the areas of national and international sales; general
counsel functions, including federal and state regulatory registration and
compliance; financial development, Foreign Trade Zone registration and status,
and other regulatory matters; as well as operations and purchasing. He has also
served as a consultant to other brand owners who are commercializing their
products.
Since 2009, Ustin has been a founding partner at Charlestowne Premium Spirits,
Inc. (CTPS), a distilled spirits industry consulting company based in South
Carolina. CTPS has helped clients develop flavor profiles, create the crucial
back story, structure and source bottle and label designs, spearhead all
regulatory compliance, develop branding, marketing and advertising concepts,
select appropriate manufacturing partners, develop manufacturing and marketing
budgets, establish sales and distribution outlets, and address financial
matters.
Prior to founding CTPS, from 2004-2009, Ustin was Vice President of Sales at
Terressentia Corporation, a manufacturer of select spirit brands, private label
spirits, and bulk spirits for export. Mr. Ustin joined this company at its
inception and was an equity owner and member of its Board of Directors. He was
responsible for customer development, sales, purchasing, regulatory compliance,
as well as participation in the specification and purchase of production
equipment. Mr. Ustin drafted the TTB Basic Permit for Terressentia to be a
Distilled Spirits Plant (DSP), Wholesaler and Importer.
Martin Ustin stated, "I believe that South Beach Spirits is well positioned in
the U.S. and international marketplace. I look forward to leading management to
create the best possible products, build brand awareness, and execute their
growth strategies."
Mr. Ustin received a Bachelor of Science (Mechanical Engineering) from the New
Jersey Institute of Technology, a Juris Doctor (JD) degree from Seton Hall
School of Law, and is the holder of eight U.S. patents in field of electrical
and mechanical engineering.
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.
INVESTOR/MEDIA CONTACT:
SOUTH BEACH SPIRITS, INC. - INVESTOR RELATIONS
Email: Email Contact
Toll-Free: (800) 670-3879
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