AMITYVILLE, NY, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Iconic Brands, Inc. (OTC PINK: ICNB) is pleased to announce that the company shares have been
approved to up-list to the OTCQB Venture Exchange. Approval was granted March 15th and trading on the exchange begins today. This
is another step in the continued efforts by the company to increase transparency and develop value for our shareholders.
The company is also pleased to announce that the authorized shares have been reduced by 90%, from two billion shares to two
hundred million, further reductions are being considered.
Forward looking, the next corporate actions will be to eliminate all preferred shares held by management, in exchange for common
shares. This will definitively align management with shareholder’s best interest.
Mr. Richard Decicco, CEO, stated: “I’m committed to positioning our company for value creation, and to take advantage of select
corporate opportunities. The actions we have taken over the last several months to get our company audited, recapitalized,
up-listed and with a more streamlined share structure will in my opinion pay in value going forward.”
About Iconic Brands, Inc.
Iconic Brands, Inc. ("Iconic") is a beverage company with the highest expertise of developing, from inception to completion,
alcoholic beverages for itself and third parties. Iconic Brands markets and places products into national distribution through long
standing industry relationships. Iconic is a leader in "Celebrity Branding" of beverages, procuring superior and unique products
from around the world and branding its products with internationally recognized celebrities. Currently offering Bivi
Vodka, www.BiviVodka.com and Bellissima Prosecco, www.BellissimaProsecco.com. Iconic Brands is a developer of private label spirits for
established chains and brands both domestically and Internationally. Under the newly formed subsidiary, Hempology Inc., Iconic
Brands is, to the extent the law allows, developing liquor based products infused with Hemp and CBD
Please visit our website and follow us on twitter @BellissimabyCB and on Instagram @BellissimaProsecco: View Christie’s
appearance schedule which we will continue to update, and great new recipes; www.bellissimaprosecco.com
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to
future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology
including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the
negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future
performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking
statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's
reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.
Contact: Iconic Brands, Inc. Info@IconicBrandsUSA.com
