International Spirit & Beverage Group has signed agreements to deliver up to four containers of its flagship brand Besado Tequila, worth$400,000, per quarter.

This is part of the company’s strategy to sell its brands both in domestic and global markets, which is a basis for long-term sustainable growth.

"We feel comfortable in taking a percentage of revenues from these sales for our stock buyback programme."

By the end of June, ISBG will commence the first shipment of its containers sold offshore.

ISBG CEO Terry Williams said: "With the commencement of our distribution of products both domestically and internationally we feel comfortable in taking a percentage of revenues from these sales for our stock buyback programme.

"We have also put our self in a position to surpass our goals with our newly formed partnerships. The company’s flagship brand Besado is creating a revolution in the world of premium tequilas, as it is very compelling, distinct and relevant to our consumers worldwide".

ISBG has commenced the sale of its brands in New York, New jersey, Louisiana and Florida.

It plans to use the revenues for a stock buyback programme to cut down the float of its common shares.