IFBC, Expands Its Presence in the Food Business, Signs Agreement With Brand Out (See Summary)

PLAINVIEW , NY--(Marketwired - December 21, 2015) - Italian Food & Beverage Corp. (OTC PINK: IFBC) effected a Reverse Merger in 2015. As a result of this Reverse Merger, IFBC, through its direct and indirect subsidiaries, is in the business of manufacturing, exporting, importing, selling and distributing wine and various food products. The Company and its subsidiaries have established headquarters, offices and warehouses in several countries throughout the world, including Italy, Singapore, Austria, Hungary and the U.S. (http://mwne.ws/225Uufl)

Over the past six months, IFBC has entered into several Agreements which will allow it to significantly expand its food and beverage operations:

1) In early November, 2015, IFBC signed an Agreement with La Giubi srl, a company which has been chosen to represent the project "Path of Peace" for the Vatican's Extraordinary Jubilee of Mercy, to provide food trucks during the current Jubilee. As a partner in this project, IFBC will supply up to 100 food trucks, known as "Ape," to provide food and drink to the many pilgrims attending the Vatican's celebration during the period of December 8, 2015 through August 8th, 2016 (http://mwne.ws/1lO1CMV).

2) In early December, 2015, IFBC and The Foundation Campagna Amica, signed an Agreement to position as many as 1,036 food stands inside various markets throughout those cities in Italy where Campagna Amica has a presence. The potential for IFBC is to be situated in over 7,000 locations throughout Europe. (http://mwne.ws/225UdZS).

3) In mid-December, 2015, IFBC entered in an Agreement with Brand Out, Inc., one of Italy's premier booking companies, to provide IFBC with the food stands necessary to service the aforementioned Agreements. As a consequence of this new arrangement, IFBC will significantly increase its revenues by supplying food and beverages to all the food stands provided by Brand Out. (http://brandout.it/).

The overriding strategy for IFBC is to elevate revenues to the multi-million dollar in 2016.

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About Italian Food & Beverage Corp.

Italian Food & Beverage Corp. (formerly Blast Applications, Inc.) was a marketer and developer of cell phone applications for Android, iPhone®, Twitter® Facebook® and Nokia for purposes of monetizing a web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications and website -- www.blastapplications.com. Through its acquisition of Italian Food & Beverage Corp., a Nevada corporation, and the latter's subsidiaries, it is now in the business of manufacturing, exporting, importing, selling and distributing wine and various food products. Its website is now http://ifbcorp.com/

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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