MIRAMAR BEACH, Fla.--(BUSINESS WIRE)--The Aristocrat Group Corp. (OTCBB:ASCC) announced today it has entered into an investment agreement that will provide the Company with a financing line of $5 million, which will be utilized to expand the Company’s portfolio and further execute its business plan.
Pursuant to terms of the investment agreement, the investor is committed to invest $5 million to purchase ASCC stock over the course of a 36-month timeline. Details of the filing are available on the U.S. Securities and Exchange Commission website at www.sec.gov.
“This financing will allow Aristocrat Group Corp. to continue expanding our brands, including our successful premium distilled spirit RWB Vodka,” ASCC CEO Robert Federowicz said. “We can now fully execute our business plan and continue building our portfolio.”
ASCC is working to build a portfolio of successful brands to compete in a highly profitable sector alongside LVMH Moet Hennessy Louis Vuitton (OTCBB: LVMUY), Diageo PLC (NYSE: DEO), BEAM, Inc. (NYSE: BEAM) and Brown-Forman Corp. (NYSE: BF-B). ASCC hopes to capitalize on unprecedented new brand building opportunities through Luxuria Brands, its brand management division.
About the Aristocrat Group Corp.
Through its brand management division, Luxuria Brands, the Aristocrat Group Corp. is on the path to becoming a provider of premium luxury goods, including top-shelf distilled spirits. The Company targeted the growing market for quality domestic spirits in order to deliver maximum returns to our shareholders.
For more information about the Aristocrat Group Corp., please visit http://www.aristocratgroupcorp.com/investors.html.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.