Rooshine Acquires 275 Barrels of 6- and 10-Year-Old Whiskey
ORMOND BEACH, FL / ACCESSWIRE / April 26, 2021 / Rooshine, Inc. (OTC PINK:RSAUD) (“Rooshine” or the “Company”), an importer, distributor and seller of premium alcoholic spirits, today announces it has acquired 225 200-liter barrels of Premium Scotch Grain Whiskey aged for up to 6 years in deluxe toasted French Oak and Scottish Oak, which are currently held in a secure bonded warehouse in Scotland. A further 50 200-liter barrels of rare and exclusive 10-year-old Whiskey, aged in prime Tennessee Bourbon Barrels have also been acquired, and are currently held in bond in a secure warehouse in Belgium. This brings the Company’s barrel inventory to 486 barrels. Rooshine’s current barrel holdings have an aggregate insured value of $6,791,126.00 USD (inclusive of the spirit and the fixed asset of the barrel).
The goal of this program is several-fold, but the primary and secondary intentions are (1) to strengthen the Company’s balance sheet with an appreciable asset base and (2) to provide a secondary line of business in the fine spirits auction market.
About Rooshine, Inc.
The Company was formed under the laws of the State of Nevada in April 1998. The Company’s business is the importation, distribution and sale of alcoholic spirits. Rooshine, Inc. was formed with the desire to produce high quality premium spirits infused with natural ingredients and no artificial additives. To that end, Rooshine, Inc. has partnered with International Spirits Vault, Ltd. to develop a patented proprietary method that leverages electromagnetic pulse technology to accelerate the aging process of the spirit while in the barrel. Unlike other accelerated maturation processes on the market, Rooshine, Inc does not denature the spirit through boiling or pressurization, but rather accelerates the natural aging process by expanding the surface area of the barrel through the use of electromagnetic pulses. Through the use of this process Rooshine is able to reduce the maturation process from years to a matter of days or weeks, while infusing the spirit with the essence of the barrel’s conditioning. As a result of the enhanced speed and the fact that the accelerated aging process can occur in the barrel, Rooshine is able to cycle a single spirit through multiple barrel/wood combinations to develop unique flavors that would otherwise take decades or perhaps even centuries to produce.
Rooshine, Inc. – Investor Contact
Max Gomez, CEO, Rooshine, Inc.
E-mail: max@drinkrooshine.com
Rooshine, inc. – Social Media
Instagram: https://www.instagram.com/drinkrooshine/
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.
SOURCE: Rooshine Inc.
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