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IFBC Forms Joint Venture (IFBC-HUB-USA) With ID Beverage Group LLC

One west Ames Court Plainview 11803 - (NewMediaWire) - December 17, 2018 - Italian Food & Beverage Corp. (OTC PINK: IFBC) is pleased to announce that it has entered into a Joint Venture (IFBC-HUB-USA) with ID Beverage Group LLC for purposes of importing and distributing IFBC’s USA-exclusive and extensive line of HUB products, which range from the HUB Energy Drink to a full assortment of canned wines.

Established in 2009 by Mr. Pietro Romani, CEO, ID Beverage Group LLC is based in New York City. It is engaged in the importation and distribution of select, fine wines, primarily from Italy and Argentina. Over the years, ID Beverage Group LLC has been extending its reach beyond the importing/distribution realm to providing private-label wines for a growing portfolio of high-end customers.  The Company’s elite customer base, which is located throughout most of the Eastern Seaboard of the US, centers around restaurants, restaurant groups, night clubs, liquor stores, wine shops and wine clubs. Mr. Pietro Romani brings a special talent to this Joint Venture with IFBC because of his mastery in having established solid relationships with international wine growers, as well as his expertise in warehousing, logistics, transportation, administration and finance.

IFBC Chairman and CEO, Dino Luzzi, stated, “I cannot adequately express my complete satisfaction with this Joint Venture insofar as Pietro Romani and I bring complementary skills to the table. Over the years, IFBC has proved itself quite competent in penetrating specialty markets in Italy, Singapore, and the US. This core competency dovetails perfectly with ID Beverage’s ability to master relationships with producers and customers throughout the US.  In fact, ID Beverage is already in the process of utilizing its valuable channels of distribution to market the HUB Energy Drink.  This will continue until sometime in 2019 when these same channels will be used for the sale of the canned wines as well.”

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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