Finland on Horizon to Open European Craft Beer Market for BrewBilt With $20M Market Share
SACRAMENTO, CA, Sept. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today BrewBilt Manufacturing Inc. (the “Company”) (OTCPINK: BBRW), announced the first Finland brewery client to open markets in Europe. https://www.brewbilt.com/media
Jef Lewis, CEO, stated, “BrewBilt is primed and in a groove to prosper. We are now planning our first Brewery in Finland and will commence manufacturing in November-2020. Anheuser-Busch is on our radar while the European beer market was valued at $138,649 million in 2017, and is projected to reach $159,687 million by 2025, registering a CAGR of 1.8% from 2018 to 2025. Beer is one of the most popular alcoholic beverages and is widely consumed across the globe and BrewBilt will soon be a household name. Good news for European craft business and American craft brewers is that research forecasts the craft beer market in Europe will grow at a CAGR of more than 11 percent during the forecasted period, according to their latest report. The market study covers the present scenario and growth prospects of the craft beer market in Europe for 2017 to 2021. The report also lists eight different variants of craft beer, which includes Indian pale ale (IPA), amber ale, lager, bocks, wheat and fruit-beer, seasonal and pale ale. The global craft beer market is primarily concentrated in the Americas and Europe, with the United States being the largest craft beer producer, followed by the United Kingdom.”
Jef Lewis further stated, “BrewBilt has a learning facility at the Ronin Fermentation Project in Graeagle, California. This is where potential, new and existing customers can have the opportunity to learn about our systems, brewing techniques and the mechanics of craft beer development. It gives BrewBilt the technical edge with existing markets and competition, and creates the academic and hands-on teaching brew masters require.”
The company has initiated the share repurchase program which will continue through December-2020. Upon completion, the company anticipates repurchasing $1.5M in shares which will be retired to treasury.
BrewBilt has commenced a world advertising campaign starting in November-2020 look for BrewBilt at the following digital media:
Food & Beverage https://www.fb101.com/
Pizza Today https://www.pizzatoday.com/
The New Brewer https://www.brewerspublications.com/
Beverage Master https://beverage-master.com/
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BrewBilt Video Link: https://www.brewbilt.com/about-1
ABOUT BREWBILT: (www.brewbilt.com)
Located in the Sierra Foothills of Northern California, BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using “Best in Class” American made components integrated with stainless steel processing vessels using only American made steel. Founded in 2014, the company began in a backyard shop by Jef Lewis with a vision of creating a profitable company in “Rural America”. BrewBilt has built a solid foundation by having strong relationships with local suppliers of raw materials, equipment and services in California, an aggressive referral network of satisfied customers nationwide, and an Advisory Board consisting of successful business leaders that provide valuable product feedback and business expertise to management. The craft brewing & spirits industries continue to grow worldwide. California is where craft brewing began and now has over 900 operating breweries – being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills. All BrewBilt products are designed and fabricated as “food grade” quality which enables the company to build vessels for food & beverage processing. More important, the company has been building systems that are pharmaceutical grade for clients involved in distillation for the cannabis and hemp industries over the past 36 months, thus making the revenue potential much greater.
FORWARD LOOKING STATEMENTS This document contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.
Jef Lewis, Chairman and CEO
BrewBilt Manufacturing Inc. - BBRW
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