Rooshine, Inc. (OTC PINK: RSAU) is a company in the beverage industry that focuses on the importation, distribution, and sale of alcoholic spirits. Shares surged 136.84% on Tuesday, December 11, 2018. Over the past month, Rooshine has seen an average daily volume of 1,239,110 shares. However, a volume of 28,467,819 shares, or $128,100 in dollar volume, exchanged hands during trading on Tuesday.
Shares jumped Tuesday after Rooshine announced it has secured a contract with an international distributor for approximately one container of Rooshine’s smoked products per month for $480,000 or $5.76 million total in 2019. “I’m very excited to announce this entry into the US market nationwide. The company has been approached by market leaders in several European nations and Asian countries as well, about which we will report in the next several weeks,” commented Larry R. Curran, CEO of Rooshine. In addition, Rooshine announced an LOI with Beach Craft Spirits Limited, a distillery based in Scotland, to distill Rooshine’s brand of bespoke spirits, using its proprietary aging technology. Here is the full press release detailing the new contract and LOI:
Rooshine, Inc. Press Release:
ORMOND BEACH, Fla., Dec. 11, 2018 (GLOBE NEWSWIRE) — Rooshine, Inc. (OTC PINK: RSAU) announces that it has secured a contract with an international distributor. They anticipate requiring one container of our smoked range of Rooshine products per month for $480,000 or a total of 5.76 Million Dollars for the year of 2019.
Larry R. Curran, CEO of Rooshine Inc., stated, “I’m very excited to announce this entry into the US market nationwide. The company has been approached by market leaders in several European nations and Asian countries as well, about which we will report in the next several weeks.
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On another note, recently the company announced an LOI 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 several years in a barrel, despite the spirits being barrel aged only a matter of days – The company looks forward to reporting its progress on this matter in the near term.
About Rooshine, Inc – The Company was formed under the laws of the State of Nevada in April 1998. The Company’s business is currently focused on the importation, distribution and sale of alcoholic spirits. The Company entered into a Brand Licensing Agreement with The International Spirit Vault Ltd (ISV) (f/k/a Cloudburst Distribution Pty Ltd.), to be the exclusive distributor of ISV’s Rooshine brand of spirits in North America. Rooshine’s proprietary process allow spirits to taste like a smooth 20-year aged spirit after only a week. Our smoking process allows a permanent infusion of the smoky flavors that last the entire bottle.
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 using 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.
Article By: Andrew Rego
