IFBC, In Joint Venture With ID Beverage Group LLC, Closes Its First Wine Contract

PLAINVIEW, NY, March 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- The Joint Venture of Italian Food & Beverage Corp. (OTC PINK: IFBC) and ID Beverage Group LLC has contracted with the vintner Tenuta Casteani https://www.casteani.it/en/  to import and distribute its vast offerings of Italian wines. The initial delivery, in the form of a full container, will be received in the US within the next 60 days.

The agreement, forged among Dino Luzzi, CEO of IFBC (www.ifbcorp.com), Pietro Romani, CEO of ID Beverage Group LLC (www.idbeveragegroup.com) and Mario Pelosi, CEO of Tenuta Casteani, makes ID Beverage Group LLC the exclusive importer of Tenuta Casteani wines in the New York State.             

The marketing plan is to focus efforts on ID Beverage’s existing clientele of restaurant groups, night clubs, wine and liquor stores, high-end wine shops and wine clubs, located mainly on the Eastern Seaboard of the US.  

Thus far, these wines have been sampled and well-received by these discerning customers. 

Distribution is set for May of 2019.

The Tenuta Casteani Wine resort is situated in the Maremma Toscana region, (Italy) they produce native wines such as Vermentino and Sangiovese, creating innovative Vermentino sparkling with Charmat Method, and Spirito Libero obtained without the addition of sulphites, and Syrah in jar. One of their most awarded wine is Terra Di Casteani which recently in 2018 received the Gold medal at the Concours Mondial de Bruxelles 2018, and the Sessanta which is Rosso Doc made out of two native grapes from this terroir: Sangiovese and Alicante Bouchet. Blending the two grapes created a modern wine, still very much anchored to the land of Toscany, once the fermentation is completed, is transferred in barrels where is maintained for 12 months.

Mario Pelosi, CEO of Tenuta Casteani, stated, “I’m extremely grateful for the introduction by Mr Luzzi to ID Beverage Group LLC.  In Mr. Romani, I have met a true expert in the quality of wine, which has been my passion since boyhood. The enthusiasm, dedication and knowledge of Messrs. Luzzi and Romani to import and distribute my wines have greatly exceeded my expectations.  I am eagerly looking forward to working closely with them.” 

About Italian Food & Beverage Corp. Italian Food & Beverage Corp. establishes and develops brands committed to fulfill customer needs throughout the world while providing the finest experiences based on the Italian wine and food culture. IFBC operates as an importer, exporter, merchant, distributor and dealer of fine wine, food products and the energy drink, HUB. The Company and its subsidiaries have established wholesale distribution headquarters, offices and warehouses in several countries including Italy, Singapore, and the US. 



Forward Looking Statements This release contains "forward-looking statements" and information provided by Italian Food & Beverage Corp. such as online, printed documents, publications or information available via its website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause the Company's results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. There can be no assurance that the negotiations being considered by the letter of intent will be completed. 


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