Spirits Time International, Inc. Signs Brand Management Agreement

USA - English

• USA - English

OGDEN, Utah, Nov. 5, 2018 /PRNewswire-PRWeb/ -- Spirits Time International, Inc. (OTC Pink: SRSG) announced today that it has completed a corporate name change from Sears Oil And Gas Corporation to Spirits Time International, Inc. Our name change does not affect the rights of our stockholders. Effective as of October 29, 2018, our common stock began being quoted on the OTC Markets Group, Inc.'s OTC Pink tier under our new name. Our trading symbol remains as "SRSG". Copies of our Amended and Restated Articles of Incorporation and Amended and Restated Bylaws were filed as exhibits to a Form 8-K filed October 31, 2018 and can be obtained on the SEC EDGAR Website. Our new CUSIP number is 84861Y107. Our current stockholders will not need to exchange their current stock certificates, as the stock certificates reflecting our prior corporate name will continue to be valid.

Execution of Brand Management Agreement. Effective October 29, 2018, Spirits Time International, Inc., entered into a Tequila Alebrijes Brand Management Agreement ("Agreement") with CapCity Beverage, LLC ("CapCity") for the Brand Tequila Alebrijes ("Brand"). Pursuant to the Agreement, CapCity has been appointed as a Brand Manager of our Tequila Alebrijes Brand. CapCity will perform certain services for Spirits Time International, Inc. in connection with the planning, launch, creation, branding, market research, advertising, marketing, consulting, creative and/or digital services and sales for the Brand, our Tequila Alebrijes product. A copy of the Brand Management Agreement was filed as an exhibit to a Form 8-K filed November 1, 2018 and can be obtained on the SEC EDGAR Website.

About Spirits Time International, Inc. Spirits Time International, Inc. has developed a business plan to obtain rights to develop a portfolio of alcohol product brands and to distribute and market alcoholic products nationally and internationally. Our first brand is the "Tequila Alebrijes" brand of tequila. We have acquired the trademark for this brand and the rights to market and distribute Tequila Alebrijes products. We have also acquired an inventory of approximately 12,000 bottles of Tequila Alebrijes. We do not intend to produce alcoholic products but rather we intend to acquire brand and marketing rights and thereafter, either directly or through brand management agreements or distribution agreements with other companies involved in alcohol distribution business, market and distribute our products.

Forward-Looking and Cautionary Statements. This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and other filings with the U. S. Securities and Exchange Commission (available at http://www.sec.gov ). The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Spirits Time International, Inc.
Mark Scharmann
markscharm(at)spiritstime(dot)com

SOURCE Spirits Time International