[ACCESSWIRE]
HOUSTON, TX / ACCESSWIRE / February 26, 2015 / Terry Williams, CEO of Fima, Inc. (PINKSHEETS:FIMA), a Nevada Corporation, announced today that the Board of Directors for FIMA and ISBG have closed a definitive agreement for the two companies to merge. The merger will create one of the most dynamic, innovative and versatile beverage and distribution companies in North America.
Mr. Williams continued, "The transaction is a friendly stock transaction in which ISBG and its affiliates will merge into Fima exchanging all issued and outstanding shares in exchange for the control block of the parent company. The transfer of the control block of Fima and the resignations of the Fima Board of Directors has occurred with the above transaction. Fima will remain the parent holding company and the merger will be tax free to Fima shareholders.
The shareholder value that will be created by this merger is immeasurable," Williams said. "Now, with a lineup of ground-breaking products and unparalleled distribution capabilities, Fima could vault to the upper echelon of alcoholic beverage companies." With the ISBG merger, Fima now possesses the ability to sell alcoholic beverages in multiple states and counties through its current infrastructure and partnerships. Fima, through ISBG's contract with Watr-Baak Holdings, also secures ownership of certain intellectual property rights and brand licensing. Watr-Baak operates and licenses the brands, manages underlying proprietary formulas and branding related trademarks for a number of products.
ISBG will spearhead the portfolio with their up and coming brand Cavoda Vodka of which is continuing to gain momentum daily with the efforts of their seasoned team of experts in both the alcoholic beverage and entertainment industry.
ISBG also has solid assets on the books. The company currently has a partial interest in Nevis Capital Corporation (OTC:OCEE), a diversified holdings company and has a partial stake in the Oxford City Football Club, Inc. (OTC:OXFC), a member of the Major Arena Soccer League. "ISBG's extremely diverse portfolio, the successful manner with which each division has been managed and the growth potential made this acquisition extremely attractive to us," Williams said. "The product line is beyond cutting edge and continues to expand. In fact, New York, Miami, Los Angeles and Las Vegas will soon be aglow with the debut of our next ultra-premium liquor, which will set a new standard in taste and has a coolness factor that is off the charts."
Fima will provide details for the release of this product and further information about the merger in early March. The company will also be filing the required documents with FINRA for a corporate name and ticker symbol change.
About Fima Inc.
Fima, Inc. is a leading lifestyle real estate acquisition, development and consulting firm. We specialize in planning, development, managing and marketing of projects, requiring the highest standards of execution for the most discriminating clients.
About ISBG
ISBG is a multi-faceted company with oil and gas interests, mining interests, ownership in a professional sports franchise and an alcohol beverage division. The alcohol beverage division designs, licenses, sells and delivers exciting new products into the retail market. ISBG has a current portfolio of liquor brands that it sells through its distribution network. ISBG has developed and will continue developing cutting-edge products that have the ability to change the face of the liquor industry.
Notice Regarding Forward Looking Statements:
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 FIMA'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.
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SOURCE: Fima, Inc.
