Shot Spirits Corporation Increases Assets for 12 Months Ending 2009 by Over $4 Million Versus Same Period 2008
ASHBURN, Va., April 15 /PRNewswire-FirstCall/ -- Shot Spirits Corporation (Pink Sheets: SSPT) is pleased to announce that the Company has increased its total assets for 12 months ending 2009 by over $4 Million versus same period 2008 due to various key acquisitions Shot Spirits has made over the course of the year. The Company reported $6,276,408 in total assets for the period ending December 31, 2009 as compared to $2,151,269 in period ending December 31, 2008, which is a 192% increase. Shot Spirits Corporation posted its year ending December 31, 2009 financial statements on PinkSheets.com (http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=SSPT).
The Company is optimistic about its operating performance outlook for 2010 and expects significantly improved operating results in 2010 in comparison to 2009. In November, Shot Spirits Corporation announced the acquisition of GuestMetrics, Inc., a leading provider of Customer Insight Solutions for the hospitality industry and its suppliers/distributors. GuestMetrics brings immediate revenue to the Company through its continued relationships with hotels, distributors, and restaurants. The GuestMetrics software is fully integrated with the leading point of sale (POS) systems and allows hospitality providers at every level of the market to improve business operations.
Shot Spirits Corporation is a beverage company focused on innovative products for the on-premise and off-premise market place. The Company, through its relationship with the Beverage Pouch Group, has revolutionized the single-serve, ready-to-drink alcohol market sector by introducing a single shot of 34 proof flavored cocktails and its 80 proof STR8UP; spirits in a eco-friendly, lightweight, flexible and patented standup pouch, all of which are marketed under the ShotPak; brand. Shot Spirits owns 15% of Beverage Pouch Group and receives a royalty per case sold.
"We are excited about the progress that Shot Spirits has made during 2009 and we look forward to increasing sales and shareholder value as we continue to fulfill our business plan in 2010," stated Brian Barrett, President and Chairman of Shot Spirits Corporation.
About Shot Spirits Corporation, Inc.:
Shot Spirits Corporation has operations through its two wholly owned subsidiaries, Shot Spirits Corporation, Inc. and GuestMetrics, Inc. Shot Spirits Corporation, Inc. is a beverage company focused on products for the on premise and off premise market place. GuestMetrics, Inc. (www.guestmetrics.com) is a leading provider of customer insight solutions for the hospitality and its suppliers and distributors. The GuestMetrics software is fully integrated with the leading point of sale (POS) systems and allows hospitality providers at every level of the market to improve business operations.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
www.shotspiritscorporation.com
SOURCE Shot Spirits Corporation
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