ORMOND BEACH, Fla., Oct. 11, 2018 — Rooshine, Inc. (OTC PINK: RSAU) announces today that, as reported earlier, Rooshine, Inc. recently qualified a REG-A+ share offering with the SEC. GPL Ventures LLC, a New York venture capital firm, has declared that they wish to purchase the entire offering. The first tranche of funding from GPL was received today allowing Rooshine to move forward with production and sales.
We are proud to announce that Rooshine, Inc. has signed an open Letter of Intent with Beach Craft Spirits Limited, of Nairn, Scotland, to distill Rooshine’s brand of bespoke spirits. Beach Craft will use our proprietary aging technology which allows for the creation of flavor profiles matching spirits aged for 3-10 years in a barrel, despite the spirits being barrel aged only a matter of days. After tasting Rooshine and comparing it to other brands, Beach Craft is committing to the distillation of Rooshine. They should be able to supply enough spirits to fill Rooshine’s needs for years to come. Our first distillation order is for 12,000 700 MIL bottles plus a supply of 50 MIL and 200 MIL bottles to offer as tasting bottles. This initial order will be followed shortly with incremental orders of 24,000 bottles.
“After years of effort, we are finally poised to generate revenues this quarter from a global spirits market.” said Larry R. Curran, CEO of Rooshine, Inc. Les McCall, Rooshine’s Board Chairman, further commented, “Rooshine whiskey was recently subjected to a series of taste tests and received a double gold rating averaging 84.2 on five of our whiskeys when compared to other high-end whiskeys. Our Rooshine Gin was rated very high at 91 vs an average of 83 for three competitors premium Gins and our Rooshine triple distilled vodka rated 81. Receiving praise from other distillers is quite heart-warming, justifying all our hard work and investment.”
Statement as to Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and 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 be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
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