Innovation Beverage Group Limited (IBG)

BlockFuel Energy Launches Vertical Drilling Program for Second Half 2026June 18, 2026 9:20 AM
ACCESS NewswireInitial Development Campaign Targets Multiple Stacked Pay Horizons Across 55-Square-Mile Oklahoma Position with Potential for 400+ Future Drilling LocationsOKLAHOMA CITY, OK / ACCESS Newswire / June 18, 2026 / BlockFuel Energy Ltd. (NASDAQ:FUEL) ("BlockFuel" or the "Company") today announced plans to commence a multi-well vertical drilling program during the second half of 2026 across its approximately 55-square-mile operated position in Oklahoma, targeting multiple stacked hydrocarbon-bearing formations beneath one of the largest operated acreage positions in the Company's portfolio. BlockFuel Energy Inc. is currently 51% owned by Innovation Beverage Group Limited (NASDAQ:IBG), which has announced a proposed merger of the two companies.The planned campaign represents the first phase of a long-term development strategy designed to unlock management's identified inventory of low-cost, repeatable drilling opportunities across approximately 35,000 acres of operated leasehold. The acreage position includes extensive existing infrastructure, production facilities, gathering systems, power distribution assets and commercial saltwater disposal capacity, providing a foundation for rapid and capital-efficient development.Management believes the Company's acreage is underlain by multiple stacked oil and natural gas reservoirs that have historically produced throughout the Mid-Continent region. These stacked pay intervals create the opportunity to develop numerous productive horizons from the same acreage footprint, potentially amplifying recoverable resource opportunities while minimizing infrastructure requirements."The upcoming drilling campaign has the potential to be a defining event for BlockFuel," said Daniel Lanskey, President and Chief Executive Officer. "We control approximately 55 square miles of highly prospective acreage with existing infrastructure already in place. Our objective is to demonstrate that these stacked reservoir intervals can be developed using low-cost vertical wells, creating a scalable development platform capable of supporting production growth for many years."Potential for Large-Scale Development InventoryBased on current geological mapping, historical production data, reservoir interpretation and development planning, management believes successful results from the initial drilling campaign could support substantial future drilling activity across the Company's acreage position.Current development models indicate that individual sections may ultimately accommodate up to twelve additional vertical well locations targeting multiple productive horizons. Across the Company's acreage position, this could translate into a development inventory measured in the hundreds of future drilling opportunities, subject to drilling results, reservoir performance, economic conditions and regulatory approvals.The Company previously identified the potential for more than 400 undeveloped infill drilling locations utilizing 40-acre spacing assumptions. Management believes the existence of multiple stacked pay intervals may further enhance the long-term development potential of the acreage position. While additional technical work and drilling results are required to fully evaluate this opportunity, BlockFuel believes it controls one of the most attractive low-cost vertical development projects in the Mid-Continent region.Low-Cost Development ModelThe Company's planned vertical wells are expected to cost approximately US$650,000 each to drill and complete, significantly below the cost of many contemporary horizontal development programs. Internal economic models indicate that wells producing approximately 40 barrels of oil per day initially could generate attractive project economics, including rapid capital recovery and strong rates of return under current commodity price assumptions.Unlike many emerging development projects, BlockFuel's acreage position benefits from extensive existing infrastructure, including gathering systems, production hubs, power infrastructure and commercial saltwater disposal facilities. Management believes replacing this infrastructure today would require significant capital investment and multiple years of development time.Positioned for Multi-Year GrowthThe planned drilling campaign forms part of BlockFuel's broader strategy to increase production, reserves and cash flow through a combination of production restoration, recompletions and new drilling activity.Management believes successful execution of the 2026 drilling program could establish a repeatable blueprint for large-scale field development and support a multi-year growth trajectory across the Company's operated acreage position."Few independent companies our size control an operated acreage position of this scale with existing infrastructure, demonstrated production history and significant undeveloped drilling inventory," added Lanskey. "Our goal is to transform BlockFuel from a redevelopment story into a scalable growth-oriented oil and gas producer capable of delivering substantial long-term value for shareholders."Additional operational details, including well locations, permitting status and drilling schedules, will be announced as development activities progress.IBG and BFE continue to work together to close the merger transaction in the near term.About Innovation Beverage Group LtdInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG's headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com.About BlockFuel EnergyBlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in the mid-continent of the USA. The company holds producing acreage in Oklahoma over a 55 square mile footprint with existing producing horizontal oil and gas wells, temporarily shut in horizontal wells and a substantial vertical well development drilling inventory. The acreage is supported by extensive infrastructure including oil storage facilities, extensive gas gathering systems and sales points, along with power grid and ten (10) Salt Water Disposal wells. For more information visit: https://blockfuelenergy.com.Forward Looking StatementThis press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.Forward-looking statements are typically identified by words such as "expects," "anticipates," "plans," "projects," "intends," "believes," "may," "will," "could," "should," or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, and other risks described in IBG's filings with the U.S. Securities and Exchange Commission.Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.Contact:Innovation Beverage Group Limited
Sahil Beri
CEO sahil@innovationbev.com
www.innovationbev.comBlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.comInvestor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.comSOURCE: Innovation Beverage GroupView the original press release on ACCESS NewswireOriginal: BlockFuel Energy Launches Vertical Drilling Program for Second Half 2026

BlockFuel Energy Expands Oklahoma Oil & Gas Platform with Acquisition of Six-Well Package and Associated InfrastructureJune 10, 2026 8:05 AM
ACCESS NewswireDeal Brings Operated Well Count to 61 Across a 55-Square-Mile Oklahoma FootprintMulti-Well Vertical Drilling Program Targeting H2 2026PONCA CITY, OK / ACCESS Newswire / June 10, 2026 / BlockFuel Energy, Inc. ("BlockFuel" or the "Company"), an independent energy and infrastructure company focused on conventional energy production and next-generation utility infrastructure development, today announced the acquisition of producing oil and gas assets and associated infrastructure located in Payne County, Oklahoma. BlockFuel Energy Inc. is currently 51% owned by Innovation Beverage Group Limited (NASDAQ:IBG), which has announced a proposed merger of the two companies.The acquisition includes interests across six (6) operated wells, including four (4) producing horizontal oil wells, one (1) drilled and uncompleted well, and one (1) saltwater disposal well ("SWD"), production equipment, gathering systems, and utility-related infrastructure positioned to support both conventional hydrocarbon operations and future energy development initiatives.Prior to this acquisition, the Company had assembled a substantial operating position consisting of 55 oil and gas production wells and nine (9) saltwater disposal wells, together with extensive production infrastructure spanning approximately 55 square miles across Payne, Pawnee and Noble Counties in Oklahoma. The addition of these new contiguous assets will enhance operational efficiencies, improve field logistics, and support near-term growth in oil and gas production in the near term.In conjunction with the acquisition, the Company is planning an eight-well vertical development drilling program scheduled for the second half of 2026. The proposed wells are expected to be drilled as step-out locations offsetting existing production, allowing BlockFuel to leverage its existing field infrastructure, gathering systems, utility connections, tank batteries, and saltwater disposal network.Management believes the ability to utilize existing infrastructure will significantly reduce development costs and capital expenditures compared to greenfield development projects, while accelerating the timeline to first production.The acquired asset package includes:Working interests in five (5) production wells and one (1) additional Saltwater Disposal Well.Extensive production and field infrastructure including separators, tank batteries, beam pumps, transformers, SWD facilities, gathering systems, utility systems, and associated field equipment; andRights to future renewable and utility infrastructure development opportunities associated with the acquired assets."We believe the combination of producing wells, gathering systems, SWD infrastructure, and utility assets creates meaningful opportunities to increase operational efficiency and grow production while lowering development and operating costs," said Daniel Lanskey, President and CEO of BlockFuel Energy, Inc. "The replacement cost of each Saltwater Disposal Well is approximately $1million plus the cost of the gathering system and power grid.""Our eight vertical well development program is designed to capitalize on the extensive infrastructure platform we have assembled. By drilling step-out wells adjacent to existing production and utilizing current infrastructure, we expect to materially reduce capital costs and improve project economics while supporting continued production growth," added Mr. Lanskey.Management believes the acquisition provides several strategic advantages, including:Expansion of the Company's operated production base;Increased contiguous infrastructure control across core operating areas;Ownership of critical production, utility, and midstream infrastructure;Additional saltwater disposal capacity supporting long-term development economics;Reduced capital expenditures through infrastructure reuse;Increased operational efficiencies and lower field-level operating costs;Opportunities for production optimization and enhanced recovery initiatives; andFuture renewable energy and utility infrastructure development potential associated with the acquired properties.The Company expects the acquired assets to integrate into its broader energy infrastructure strategy, which includes the optimization of oil and gas production assets alongside the development of scalable power and utility-related projects should the market support these initiatives in the coming years.BlockFuel intends to continue evaluating additional acquisition opportunities that complement its existing asset base and infrastructure platform throughout Oklahoma and other strategic operating regions.IBG and BFE continue to work together to close the merger transaction in the near term.About Innovation Beverage Group LtdInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG's headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com.Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.About BlockFuel EnergyBlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in the mid-continent of the USA. The company holds producing acreage in Oklahoma over a 55 square mile footprint with existing producing horizontal oil and gas wells, temporarily shut in horizontal wells and a substantial vertical well development drilling inventory. The acreage is supported by extensive infrastructure including oil storage facilities, extensive gas gathering systems and sales points, along with power grid and ten (10) Salt Water Disposal wells. For more information visit: https://blockfuelenergy.com .Forward Looking StatementThis press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.Forward-looking statements are typically identified by words such as "expects," "anticipates," "plans," "projects," "intends," "believes," "may," "will," "could," "should," or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, and other risks described in IBG's filings with the U.S. Securities and Exchange Commission.Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.Contact:Innovation Beverage Group Limited
Sahil Beri
CEO sahil@innovationbev.com
www.innovationbev.comBlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.comInvestor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.comSOURCE: Innovation Beverage GroupView the original press release on ACCESS NewswireOriginal: BlockFuel Energy Expands Oklahoma Oil & Gas Platform with Acquisition of Six-Well Package and Associated Infrastructure

$IBG News: BlockFuel Energy Expands Oklahoma Oil & Gas Platform with Acquisition of Six-Well Package and Associated Infrastructure

Deal Brings Operated Well Count to 61 Across a 55-Square-Mile Oklahoma Footprint

Multi-Well Vertical Drilling Program Targeting H2 2026

PONCA CITY, OK / ACCESS Newswire / June 10, 2026 / BlockFuel Energy, Inc. ("BlockFuel" or the "Company"), an independent energy and infrastructure company focused on conventional energy production and next-generation utility infrastructure development, today announced the acquisition of producing oil and gas assets and associated infrastructure located in Payne County, Oklahoma. BlockFuel Energy Inc. is currently 51% owned by Innovation Beverage Group Limited (NASDAQ:IBG), which has announced a proposed merger of the two companies.

The acquisition includes interests across six (6) operated wells, including four (4) producing horizontal oil wells, one (1) drilled and uncompleted well, and one (1) saltwater disposal well ("SWD"), production equipment, gathering systems, and utility-related infrastructure positioned to support both conventional hydrocarbon operations and future energy development initiatives.

Prior to this acquisition, the Company had assembled a substantial operating position consisting of 55 oil and gas production wells and nine (9) saltwater disposal wells, together with extensive production infrastructure spanning approximately 55 square miles across Payne, Pawnee and Noble Counties in Oklahoma. The addition of these new contiguous assets will enhance operational efficiencies, improve field logistics, and support near-term growth in oil and gas production in the near term.

In conjunction with the acquisition, the Company is planning an eight-well vertical development drilling program scheduled for the second half of 2026. The proposed wells are expected to be drilled as step-out locations offsetting existing production, allowing BlockFuel to leverage its existing field infrastructure, gathering systems, utility connections, tank batteries, and saltwater disposal network.

Management believes the ability to utilize existing infrastructure will significantly reduce development costs and capital expenditures compared to greenfield development projects, while accelerating the timeline to first production.

The acquired asset package includes:

Working interests in five (5) production wells and one (1) additional Saltwater Disposal Well.
Extensive production and field infrastructure including separators, tank batteries, beam pumps, transformers, SWD facilities, gathering systems, utility systems, and associated field equipment; and
Rights to future renewable and utility infrastructure development opportunities associated with the acquired assets.
"We believe the combination of producing wells, gathering systems, SWD infrastructure, and utility assets creates meaningful opportunities to increase operational efficiency and grow production while lowering development and operating costs," said Daniel Lanskey, President and CEO of BlockFuel Energy, Inc. "The replacement cost of each Saltwater Disposal Well is approximately $1million plus the cost of the gathering system and power grid."

"Our eight vertical well development program is designed to capitalize on the extensive infrastructure platform we have assembled. By drilling step-out wells adjacent to existing production and utilizing current infrastructure, we expect to materially reduce capital costs and improve project economics while supporting continued production growth," added Mr. Lanskey.

Management believes the acquisition provides several strategic advantages, including:

Expansion of the Company's operated production base;
Increased contiguous infrastructure control across core operating areas;
Ownership of critical production, utility, and midstream infrastructure;
Additional saltwater disposal capacity supporting long-term development economics;
Reduced capital expenditures through infrastructure reuse;
Increased operational efficiencies and lower field-level operating costs;
Opportunities for production optimization and enhanced recovery initiatives; and
Future renewable energy and utility infrastructure development potential associated with the acquired properties.
The Company expects the acquired assets to integrate into its broader energy infrastructure strategy, which includes the optimization of oil and gas production assets alongside the development of scalable power and utility-related projects should the market support these initiatives in the coming years.

BlockFuel intends to continue evaluating additional acquisition opportunities that complement its existing asset base and infrastructure platform throughout Oklahoma and other strategic operating regions.

IBG and BFE continue to work together to close the merger transaction in the near term.

About Innovation Beverage Group Ltd

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG's headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com.

Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.

About BlockFuel Energy

BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in the mid-continent of the USA. The company holds producing acreage in Oklahoma over a 55 square mile footprint with existing producing horizontal oil and gas wells, temporarily shut in horizontal wells and a substantial vertical well development drilling inventory. The acreage is supported by extensive infrastructure including oil storage facilities, extensive gas gathering systems and sales points, along with power grid and ten (10) Salt Water Disposal wells. For more information visit: https://blockfuelenergy.com .

Forward Looking Statement

This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.

Forward-looking statements are typically identified by words such as "expects," "anticipates," "plans," "projects," "intends," "believes," "may," "will," "could," "should," or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, and other risks described in IBG's filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.

Contact:

Innovation Beverage Group Limited
Sahil Beri
CEO sahil@innovationbev.com
www.innovationbev.com

BlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com

Investor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.com

SOURCE: Innovation Beverage Group

Innovation Beverage Group and BlockFuel Energy Announce Completion of Independent Reserve Report and Multi-Phase Development PlanApril 30, 2026 8:30 AM
ACCESS NewswireReserve Report Effective Date December 31, 2025, Prior to Field Reactivation
 Recompletion of Existing Well Bores Underway
 Plans to Drill Eight (8) New Vertical Wells in 2026 and Up to 20 New Vertical Wells in 2027 and 2028
 Demonstrates Operational Progress in Central Oklahoma With 19 Wells Returned to Production SYDNEY, AU / ACCESS Newswire / April 30, 2026 / Innovation Beverage Group Ltd ("IBG" or the "Company") (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, along with its proposed merger partner BlockFuel Energy, Inc. ("BlockFuel" or "BFE"), a Texas-based energy corporation, today announced the completion of an independent reserve report and outlined a multi-phase development plan for its Central Oklahoma oil and gas assets.The reserve report, effective December 31, 2025, was prepared during the period when operations across the asset base were temporarily shut-in. Since that time, BlockFuel has made significant operational progress, successfully returning 19 wells to production and demonstrating its ability to efficiently reactivate assets and generate cash flow."Completion of this independent reserve report represents an important milestone for BlockFuel, as it provides third-party validation of the scale and quality of our asset base," said Daniel Lanskey, President and Chief Executive Officer of BlockFuel Energy. "Importantly, it reinforces our confidence in the progress already made to bring wells back online and demonstrates a clear, capital-efficient pathway to continue growing production and unlocking value across our Oklahoma assets."Reserve Summary Development StrategyBlockFuel is executing a structured, multi-phase development plan designed to unlock value across its approximately 35,000-acre position:Phase 1 - Reactivation (Completed/Ongoing): The Company has successfully returned 19 shut-in wells to production, validating field infrastructure and establishing initial production and revenue streams.
Phase 2 - Recompletion Program (Commencing May 2026): BlockFuel plans to begin recompletion of select existing wells that historically produced from the Woodford Shale. These wells will be recompleted to target the shallower Mississippi Lime formation, providing a capital-efficient pathway to access bypassed reserves. Recompletion costs are estimated at approximately $250,000 per well, including hydraulic fracture stimulation. Thirty-four of the Company's 55 existing wells have been identified as candidates for this program.
Phase 3 - New Drilling (Planning Underway): BlockFuel has identified locations for eight (8) vertical wells to be drilled in 2026, targeting the Mississippi Lime formation. Results from this program are expected to lead to a broader development campaign, with up to 20 additional wells planned for 2027 and 2028, subject to capital availability and operational performance. The Company believes that ongoing oil and gas revenues, combined with capital resources previously raised through IBG, will support its planned 2026 development activities, subject to market conditions.BlockFuel has identified more than 200 potential drilling locations across its acreage. The estimated ultimate recovery of these potential vertical wells locations are expected to generate up to 65,000 barrels of oil equivalent per well. Historical data indicates the presence of multiple stacked reservoirs, supporting the potential for multi-zone development across the asset base. Significant infrastructure was installed by previous operators including extensive gathering and storage facilities along with nine (9) Saltwater Disposal Wells (SWD), two of which are classified as commercial disposal wells.The Company's acreage is primarily situated within the Mississippi Lime formation, a laterally extensive carbonate reservoir influenced by regional structural features such as the Nemaha Uplift. These characteristics support repeatable development opportunities and favorable reservoir performance across the field.OutlookThe completion of the reserve report represents a key milestone in BlockFuel's development strategy, providing a strong technical and economic foundation for future growth. With a clear pathway from reactivation to recompletion and new drilling, BlockFuel is positioned to drive sustained production growth through disciplined, capital-efficient execution.BlockFuel will continue to provide updates on operational progress and development results. As previously disclosed, IBG is progressing toward its proposed merger with BlockFuel Energy, which currently owns a majority interest in BFE. Completion of the transaction remains subject to customary closing conditions.About Innovation Beverage Group LtdInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super-premium brands and market categories where it can disrupt age-old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG's headquarters, manufacturing and flavor innovation center are located in Sydney, Australia, with a U.S. sales office located in California. For more information, visit https://www.innovationbev.com/.About BlockFuel EnergyBlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information, visit https://blockfuelenergy.com/.Forward-Looking StatementThis press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.Forward-looking statements are typically identified by words such as "expects," "anticipates," "plans," "projects," "intends," "believes," "may," "will," "could," "should," or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, and other risks described in IBG's filings with the U.S. Securities and Exchange Commission.Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.CONTACT:Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.comBlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.comInvestor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.comSOURCE: Innovation Beverage GroupView the original press release on ACCESS NewswireOriginal: Innovation Beverage Group and BlockFuel Energy Announce Completion of Independent Reserve Report and Multi-Phase Development Plan

$IBG #OIL in Play! Innovation Beverage Group (Nasdaq: IBG) and proposed partner BlockFuel Energy provided an operational update on Central Oklahoma operations, well reactivation, initial production and development planning.

🅱️BlockFuel reports 15 wells producing, 5 wells completing reactivation this week, peak first-quarter production ~100 boe/d, acquisition support of 54 production wells, 9 SWD wells operational, and development economics estimating EUR ~65,000 boe per vertical well with drilling costs ~$700,000 and recompletions up to $250,000.

🛢️15 wells currently producing and 5 wells nearly online
🪔Peak initial production reached approximately 100 boe/d
✅Acquired asset base includes 54 existing production wells
🗞️All 9 saltwater disposal wells operational to support production
https://www.morningstar.com/news/accesswire/1155159msn/innovation-beverage-group-and-blockfuel-energy-provide-operational-update-on-well-reactivation-initial-production-and-development-progress

🚀 $IBG JUST WENT FULL ENERGY MODE! 🔥

Innovation Beverage Group and BlockFuel Energy Provide Operational Update on Well Reactivation, Initial Production and Development Progress
https://finance.yahoo.com/sectors/energy/articles/innovation-beverage-group-blockfuel-energy-123000004.html

15 wells PRODUCING + 5 more reactivating THIS WEEK!

Peak Q1 output already ~100 boe/d… and they’re just getting started.
54 production wells acquired. 9 SWD wells online.
Vertical wells targeting 65k boe EUR each for ~$700k. Recompletions as low as $250k.
IBG owns 51% of BlockFuel… merger closing soon.

Nano-float micro-cap pivoting to oil & gas with REAL production NOW.

This is the setup retail dreams about.

Who’s loading $IBG before it rips? 👀 Drop your price target below!

#IBG #StocksToWatch #EnergyStocks #PennyStocks #MergerPlay #OilAndGas

Innovation Beverage Group and BlockFuel Energy Provide Operational Update on Well Reactivation, Initial Production and Development ProgressApril 7, 2026 8:30 AM
ACCESS NewswireSYDNEY, AU / ACCESS Newswire / April 7, 2026 / Innovation Beverage Group Ltd ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, along with its proposed merger partner BlockFuel Energy ("BFE"), a Texas-based energy corporation, today provided an operational update on its ongoing well reactivation program, initial production performance, and development planning activities across its Central Oklahoma asset base.BFE reports that 15 wells are currently producing and 5 wells are in the process of completing reactivation, with all expected to be online by the end of this week. These efforts are part of BlockFuel's near-term strategy to restore oil production capabilities to existing wellbores through cost-efficient reactivation initiatives.BlockFuel commenced oil and gas sales during the first quarter, with peak production reaching approximately 100 barrels of oil equivalent per day (boe/d) in that time. Production levels are expected to increase as additional wells return to service and recompletion operations are executed on select wells, targeting behind-pipe intervals.BlockFuel's operations are supported by assets acquired in the fourth quarter of 2025, including 54 existing production wells and associated infrastructure developed between 2012 and 2018. This infrastructure is expected to support current operations and future development while minimizing incremental capital requirements.BFE also confirms that all nine saltwater disposal ("SWD") wells are operational, providing sufficient capacity necessary to support current and anticipated production levels. This infrastructure positions BlockFuel to advance recompletion programs and evaluate potential step-out drilling locations.BlockFuel is currently evaluating a development program focused on vertical well drilling at approximately 40-acre spacing, targeting multiple known hydrocarbon-bearing formations. This strategy is intended to provide a repeatable, lower-risk development pathway across its acreage position.Based on historical data from this area of Oklahoma, vertical wells are estimated to have an expected ultimate recovery ("EUR") of approximately 65,000 barrels of oil equivalent per well, although actual results may vary. BFE estimates an average drilling and completion cost of approximately $700,000 per well. In addition, recompletion operations targeting behind-pipe reserves are expected to cost up to $250,000 per well, including hydraulic fracture stimulation, subject to operational and market conditions. BlockFuel maintains an average working interest of approximately 86% across its oil and gas assets."With favorable commodity pricing and key infrastructure in place, we are advancing our development plans in a disciplined manner," said Daniel Lanskey, President and Chief Executive Officer of BlockFuel Energy. "The reactivation of wells and commencement of production represent critical operational milestones as we evaluate additional opportunities to increase production and enhance asset value."BlockFuel will continue executing a phased development strategy, with future activities subject to ongoing technical evaluation, capital availability, and market conditions. As previously disclosed, BlockFuel is progressing toward its proposed merger with Innovation Beverage Group Limited (NASDAQ: IBG), which currently owns 51% of BFE. Completion of the transaction remains subject to customary closing conditions.About Innovation Beverage Group LtdInnovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG's headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/.About BlockFuel EnergyBlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.Forward Looking StatementThis press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.Forward-looking statements are typically identified by words such as "expects," "anticipates," "plans," "projects," "intends," "believes," "may," "will," "could," "should," or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, and other risks described in IBG's filings with the U.S. Securities and Exchange Commission.Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.Contact:Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.comBlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.comInvestor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.comSOURCE: Innovation Beverage GroupView the original press release on ACCESS NewswireOriginal: Innovation Beverage Group and BlockFuel Energy Provide Operational Update on Well Reactivation, Initial Production and Development Progress

$IBG Innovation Beverage Group (NASDAQ: IBG) closed a registered public offering on March 16, 2026, raising approximately $6.0 million gross through sale of 3,428,569 Common Units and/or Pre-Funded Units, each paired with Series A and Series B warrants exercisable at $1.75.

The company intends to loan $2,500,000 of net proceeds to Blockfuel and use remaining proceeds and cash for general corporate purposes. https://www.stocktitan.net/news/IBG/innovation-beverage-group-limited-announces-closing-of-6-million-khh3e494p3s3.html @Nasdaq

🚨 $IBG HIGH ALERT 🚨💯🚀

Just slammed a $6M public offering closed March 16!

Innovation Beverage Group (NASDAQ: $IBG) is done with drinks — pivoting HARD into an ENERGY + BITCOIN MINING POWERHOUSE via merger with BlockFuel Energy!

✅ Oil & gas wells restarting
✅ Natural gas-powered BTC mining
✅ Q1 2026 close expected (new ticker likely $FUEL)
✅ Trading at ~$1.01 with nano $700K market cap + low float = volatility rocket fuel

This crushed-from-$49 penny stock just got fresh war chest cash. Merger news could send it parabolic!
Who's loading the boat before it blasts off? 👀

DYOR | 🚨StockOnHighAlert🚀

#IBG #FUEL #MergerPlay #BitcoinMining #EnergyStocks #PennyStocks #StockAlert

Innovation Beverage Prices $6M Public Offering at $1.75 Per UnitMarch 13, 2026 11:35 AM
IH Market News
Innovation Beverage Group Limited (NASDAQ:IBG) announced the pricing of a public offering expected to raise approximately $6 million in gross proceeds before fees and expenses, according to a company press release.The offering includes 3,428,569 units priced at $1.75 each. Each unit consists of one ordinary share or one pre-funded warrant, along with one Series A warrant and one Series B warrant, both exercisable for ordinary shares at an exercise price of $1.75 per share.The pre-funded warrants are immediately exercisable at $0.00001 per warrant. The Series A and Series B warrants are also exercisable immediately and will remain valid for 60 months from the date of issuance.The pricing represents a notable discount compared with the company’s recent share price of $2.46. Innovation Beverage’s stock has been highly volatile, falling 55% over the past week and 78% over the past year, leaving the company with a market capitalization of about $2.63 million.The offering is expected to close around March 16, 2026, subject to customary closing conditions.Innovation Beverage plans to allocate $2.5 million of the net proceeds as a non-interest-bearing loan to Blockfuel, enabling the company to exercise its call option under a Securities Purchase Agreement dated December 24, 2025. The remaining funds will be directed toward working capital and general corporate purposes.Aegis Capital Corp. is acting as the exclusive placement agent for the transaction. The offering is being conducted under a Form F-1 registration statement (No. 333-294127) that was declared effective by the U.S. Securities and Exchange Commission on March 12, 2026.Innovation Beverage Group develops and markets a beverage portfolio comprising more than 60 formulations across 13 alcoholic and non-alcoholic brands. The company is headquartered in Sydney, Australia, and operates a U.S. sales office in California.



Additional developments



In other recent updates, Innovation Beverage Group announced a five-for-one reverse stock split of its ordinary shares that took effect on January 30, 2026. The shares continue to trade on the Nasdaq Capital Market under the same ticker but with a new CUSIP number.The company also disclosed a $2.5 million at-the-market (ATM) sales agreement with Aegis Capital Corp, allowing it to issue ordinary shares at prevailing market prices. The financing initiative is part of its broader strategy to complete a planned merger with BlockFuel Energy, which the company expects to finalize by the end of the first quarter of 2026.Separately, Innovation Beverage recently regained compliance with Nasdaq Listing Rule 5620 after holding its annual shareholder meeting, which had previously been delayed. Nasdaq had earlier notified the company that it was not in compliance due to its failure to hold an annual meeting within twelve months after the fiscal year ending December 31, 2024.To resolve the issue, the company scheduled virtual annual general meetings for the fiscal years ending December 31, 2023 and December 31, 2024, and plans to hold the 2025 meeting in April 2026. These steps highlight Innovation Beverage’s efforts to maintain regulatory compliance while advancing its strategic initiatives.Innovation Beverage Group stock price

Original: Innovation Beverage Prices $6M Public Offering at $1.75 Per Unit

Why the crash in price?
TIA

IBG, is this the bottom

IBG.......................................https://stockcharts.com/sc3/ui/?s=IBG&p=w&b=5&g=0&id=p86431144783

IBG......................................https://stockcharts.com/sc3/ui/?s=IBG&p=W&b=5&g=0&id=p86431144783

I'M SORRY THE LINK I POSTED DIDN'T OPEN. THE 50 DAY MA IS $8.10 BUT THERE'S ONLY 300K IN THE FLOAT SO IT COULD HAVE A NICE RUN

Could have a Big Move

IBG......................................p/m

$IBG -IBG and BlockFuel Energy merger expected to close in Q1 2026. According to the company, closing remains subject to customary approvals and closing conditions, with integration planning ongoing to combine energy and digital mining operations. https://www.stocktitan.net/news/IBG/innovation-beverage-group-provides-update-on-merger-with-block-fuel-931xf9cvd020.html

CSAI looks to be setting up for the next short squeeze keep watch on this one

$IBG Daniel Lanskey, Chief Executive Officer of BlockFuel Energy, commented, “We view Bitcoin mining not as speculation, but as energy infrastructure. At its core, our strategy is about converting underutilized natural gas at the site into productive, revenue-generating capacity. By collocating modular power and mining directly at the wellhead, we believe the combined company can deploy capital efficiently, operate at a low effective energy cost, and scale output in-line with production. This approach has the potential to improve overall project economics while giving shareholders disciplined exposure to digital asset upside.” $BTC
#Bitcoin https://feeds.issuerdirect.com/news-release.html?newsid=7782997587767899&symbol=IBG

NASDAQ: $IBG ~ High-Margin Energy & Digital Infrastructure Platform Created after Merger with Established BlockFuel Energy, Innovation Beverage Group (NASDAQ: $IBG) https://www.prlog.org/13127031-high-margin-energy-digital-infrastructure-platform-created-after-merger-with-established-blockfuel-energy-innovation-beverage-group-nas-daq-ibg.html

$IBG High-Margin Energy & Digital Infrastructure Platform Created after Merger with Established BlockFuel Energy, Innovation Beverage Group (NASDAQ: IBG) https://www.prlog.org/13127031-high-margin-energy-digital-infrastructure-platform-created-after-merger-with-established-blockfuel-energy-innovation-beverage-group-nas-daq-ibg.html

$IBG #MERGER #NEWS Innovation Beverage Group Ltd (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, provided an update regarding its proposed merger with BlockFuel Energy Inc., a Texas corporation (“BFE”), including operational, financial, and strategic milestones that position the combined transaction parties as a capital-efficient energy producer with a differentiated digital infrastructure growth strategy. https://feeds.issuerdirect.com/news-release.html?newsid=7782997587767899&symbol=IBG

Innovation Beverage Group (Nasdaq: $IBG) develops, manufactures, and markets alcoholic and non-alcoholic beverages domestically in their home market of Australia and internationally, targeting US market with its wholly owned subsidiary. https://www.innovationbev.com/
Innovation Beverage Group (Nasdaq: $IBG) develops, manufactures, and markets alcoholic and non-alcoholic beverages domestically in their home market of Australia and internationally, targeting US market with its wholly owned subsidiary. https://t.co/13BHbNPg7v @frontpagestocks… pic.twitter.com/iIg8SdlFAx— 🚨StockOnHighAlert🚀 (@Stock_HighAlert) February 11, 2026

Innovation Beverage Group Provides Update on Merger with BlockFuel Energy and Production Restart to Advance Dual Revenue Model Spanning Energy and Digital Asset Mining


SYDNEY, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Innovation Beverage Group Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today provided an update regarding its proposed merger with BlockFuel Energy Inc., a Texas corporation (“BFE”), including operational, financial, and strategic milestones that position the combined transaction parties as a capital-efficient energy producer with a differentiated digital infrastructure growth strategy.

The companies remain on track to complete the merger in the first quarter of 2026, subject to customary approvals and closing conditions. Integration planning continues, with a clear focus on building a vertically integrated platform that monetizes hydrocarbons through both conventional sales channels and potential digital energy applications.

Ten wells are currently back in production, with an additional seven wells expected to be returned to production by month-end, materially increasing active production and available gas volumes across the portfolio.

BFE expects to complete its first oil and gas sales in February 2026, with initial revenues anticipated before the end of the first quarter ended March 31, 2026. These initial oil and gas revenues are expected to provide near-term cash-flow visibility following completion of the merger.

Digital Energy and Mining Strategy

In parallel with production restarts, planning is advancing for the potential deployment of digital mining infrastructure powered directly by natural gas produced onsite. Initial planning takes into consideration modular, wellhead-adjacent generation and mining deployments, allowing capacity to scale in-line with gas availability and capital deployment.

Based on preliminary engineering and comparable field deployments, BFE management believes onsite gas-to-power costs may be meaningfully below grid-based power pricing, while avoiding transportation, processing, and third-party power costs. Even modest allocations of produced gas to digital infrastructure may support incremental margins per unit of gas, while preserving flexibility to sell gas into traditional markets.

Daniel Lanskey, Chief Executive Officer of BlockFuel Energy, commented, “We view Bitcoin mining not as speculation, but as energy infrastructure. At its core, our strategy is about converting underutilized natural gas at the site into productive, revenue-generating capacity. By collocating modular power and mining directly at the wellhead, we believe the combined company can deploy capital efficiently, operate at a low effective energy cost, and scale output in-line with production. This approach has the potential to improve overall project economics while giving shareholders disciplined exposure to digital asset upside.”

The integrated energy-and-mining model is expected to enhance resilience across commodity cycles and provide a flexible demand sink for gas, while creating incremental cash flow per well without compromising conventional production strategy.

Portfolio Expansion and Scale

Further strengthening the asset base, BFE has executed a Letter of Intent with a previous vendor to acquire additional nearby producing oil fields, adding approximately 4,000 contiguous acres to its portfolio. The proposed acquisition is expected to both expand scale and improve operating efficiencies, increasing gas volumes available for both traditional sales and digital energy initiatives.

Management of the companies believe these milestones demonstrate disciplined execution across production, capital formation, and infrastructure planning, while reinforcing the strategic rationale for the IBG-BFE merger.

Upon completion, the combined group is expected to emerge as a small-cap, integrated energy company with near-term production, diversified revenue streams, and a scalable gas-to-digital infrastructure platform positioned to deliver long-term shareholder value.

Further updates will be provided as the merger, financing, production restart, digital mining deployment, and acquisition initiatives continue to progress toward completion.

About Innovation Beverage Group Ltd

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/.

About BlockFuel Energy

BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. By turning natural gas at the source, including stranded and flared gas, into a potent resource for the digital era, BlockFuel Energy intends to redefine the energy industry. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power bitcoin mining operations and high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.

Same guys that worked on SMX are now working on IBG. Potential for a big run-up

IBG nice update just out https://investorshub.advfn.com/stock-market/NASDAQ/innovation-beverage-IBG/news

IBG..................................https://stockcharts.com/sc3/ui/?s=IBG&p=w&b=5&g=0&id=p86431144783

IBG...........................................................p/m

Uptrend starts this week $5.00 plus this week imo.

IBG...........................................https://stockcharts.com/sc3/ui/?s=IBG&p=W&b=5&g=0&id=p86431144783

ibg...............................https://stockcharts.com/sc3/ui/?s=IBG&p=W&b=5&g=0&id=p86431144783

IBG......................................https://stockcharts.com/h-sc/ui?s=IBG&p=W&b=5&g=0&id=p86431144783

IBG.....................................https://stockcharts.com/h-sc/ui?s=IBG&p=W&b=5&g=0&id=p86431144783

$1.18 As shareholders of IBG will own 10% of the combined entity upon closing, this equates to an implied post-transaction equity value for IBG in the range of US$22 million to US$34.3 million, compared to a pre-transaction valuation of US$2.9 million to US$6.3 million.

Up bigly premarket!

IBG..................................https://stockcharts.com/h-sc/ui?s=IBG&p=W&b=5&g=0&id=p86431144783

Falling knife 😬 .5 again today.  Shorts will win.  Lots of other plays to jump over to 

Don't catch the falling knife tomorrow!

I have a feeling this is going to completely tank tomorrow morning, right back to where it started

IBG......................................................a/h

WEEEEEE

now 1.16 nice time to bounce

Dip buy. International deal for our world famous bitters. Could see a new HOD here shortly looking for 3 range 

$IBG: Nice dippppppppppp to $1.30

And then ripppingggggg again here almost over $2


Woooooooooooo the Gyrations are heavy


GO $IBG

IBG........................................................................p/m

$IBG: Nice boost on News....... now $1.50

Innovation Beverage Group Expands U.S. Distribution of its Award-Winning Bitters Through One of the Nation's Largest Beverage Alcohol Distributors
Topic:

Company Update
Wednesday, 02 April 2025 07:00 AM


Republic National Distribution Company opens new distribution channels in six states including California, one of the largest markets in the U.S.

SEVEN HILLS, AU / ACCESS Newswire / April 2, 2025 / Innovation Beverage Group Ltd ("IBG" or the "Company") (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today it has signed a distribution agreement with Republic National Distribution Company ("RNDC"). IBG's Australian Bitters Company and BITTERTALES brands will be distributed by RNDC in six states: California, Oregon, Washington, Hawaii, Arizona, and Michigan.

"We are very pleased to partner with RNDC, one of the top distributors in the U.S. in our category. Their distribution reach is vast and their product expertise and executional excellence are ideal to promote the expansion of our award-winning bitters brands in the U.S.," stated IBG's Chairman and Interim CEO Sahil Beri. "Having recently achieved 45% market share in cocktail bitters in Australia, we are eager to gain similar momentum in the U.S."

With roots extending before Prohibition, RNDC is one of the U.S.'s leading wholesale beverage alcohol distributors specializing in wine and spirits. Operating in 39 states across the U.S. and the District of Columbia, RNDC is ranked #46 on Forbes's list of America's Top Private Companies, with $11 billion in revenues.

IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide.

About Innovation Beverage Group

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: https://www.innovationbev.com/

Forward Looking Statement

This press release contains "forward-looking statements" and "forward-looking information." This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.

The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "envisages," "assumes," "intends," "strategy," "goals," "objectives" or variations thereof or stating that certain action events or results "may," "can," "could," "would," "might," or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.

All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.

The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.

Contact:

TraDigital IR
John McNamara
917-658-2602
John@tradigitalir.com

GO $IBG

Good morning 💹 +200%

$IBG