Spirits Time International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 05:14 pm EST
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Spirits Time International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net loss was USD 60,315 compared to USD 134,461 a year ago. Basic loss per share was USD 0.01 compared to USD 0.04 a year ago. For the nine months, net loss was USD 187,408 compared to USD 169,037 a year ago. Basic loss per share was USD 0.03 compared to USD 0.05 a year ago.
Spirits Time International, Inc. is engaged in developing a portfolio of beverage (alcoholic and non-alcoholic) product brands and in distributing and marketing beverage products nationally and internationally. Its first product is the Tequila Alebrijes brand of tequila. The Company has obtained the trademark for this brand and the rights to market and distribute Tequila Alebrijes products. The Company intends to acquire brand and marketing rights for beverage products and thereafter commercialize its products either directly by selling to retailers and point of sale locations or through brand management agreements and/or distribution agreements with other companies involved in the beverage distribution business. Its tequila is available in three styles: tequila blanco, tequila reposado, and tequila anejo. The Companyâs product is offered in a 750-milliliter (ML) bottle size and has an approximately 40% alcohol percentage.
SPIRITS TIME INTERNATIONAL, INC. 
