Southridge Announces Equity Purchase Agreement with Iconic Brands
RIDGEFIELD, Conn., July 7, 2015 /PRNewswire/ -- Southridge, a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies, has entered into an Equity Purchase Agreement with Iconic Brands (ICNB), a beverage company with the highest expertise of developing alcoholic beverages for itself and third parties.
BiVi Vodka, a subsidiary of Iconic Brands, Inc. announced recently that it has shipped its first 600 cases of premium Sicilian vodka to its distributor network. BiVi is the first Sicilian vodka to be produced and sold in the US and is made from the finest Sicilian semolina wheat and the pristine water of the island of Sicily.
The ingredients are masterfully handcrafted at an artisan distillery by Mastro Distillatore Giovanni La Fauci who built his first still when he was eleven years old. The Giovi distillery has been producing in this location for generations, a region that benefits from a warm Tyrrhenian climate opening up to reveal the natural beauty of Capo Milazzo and the Aeolian Islands.
Stephen Hicks, CEO and Founder of Southridge says, "We always look to invest in unique businesses and Iconic sets itself apart in this crowded market by developing superior alcoholic beverages such as BiVi."
About Southridge: Southridge is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996 the structured finance team has made direct investment of over $1.7b into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail. For more information, visit:
About BiVi: BiVi LLC, is a company made up of BiVi 100 percent Sicilian Vodka. BiVi LLC's mission is to promote and support the sales endeavors of the distribution network through targeted and national marketing endeavors and working with the Celebrity partner Mr. Chazz Palminteri.
About Iconic: Iconic Brands Inc. is a beverage company with the highest expertise of developing, from inception to completion, alcoholic beverages for itself and third parties. Iconic Brands also markets and places the products into national distribution through long standing industry relationships. Iconic is also a leader in "Celebrity Branding" of beverages, procuring superior and unique products from around the world and branding its products with internationally recognized celebrities.
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