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BrewBilt Announces Continued Growth in Revenue

SACRAMENTO, CA, May 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today BrewBilt Manufacturing Inc. (the “Company”) (OTCPINK: BBRW), announces that the company’s fundamentals in the brewery and cannabis industries continues to see steady growth. 

The company was assigned by a customer and has recently built a proprietary cannabis mini-coldwater extraction system for processing, with an order to build the first of several systems.

The company has 5 customer breweries on track for delivery this summer, along with 7 new orders to manufacture for the remaining of the year.

Jef Lewis, CEO, stated, “With COVID19, we have only seen an increase in our revenue and customer requests. It’s challenging times today for our country, and BrewBilt’s name continues to define quality craftsmanship in the design and manufacture of brewery and cannabis systems. Most of our customers’ businesses have survived the COVID19 economic crisis and learned how to serve beer curb-side. It amazes me how people are so creative and resilient even with challenges like we are facing today.”

Jef Lewis further stated, “BrewBilt will be filing the 10-Q before the end of May. The public auditors are all working from home. Despite that the COVID19 has created a distraction in the public accounting processes, our auditor and the SEC have demonstrated their understanding of the problems being experienced in the disclosure of financial information. I can assure our shareholders that BrewBilt is on track and moving forward with business as usual. This will be a stellar year for our company.”

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Located in the Sierra Foothills of Northern California, BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using “Best in Class” American made components integrated with stainless steel processing vessels using only American made steel. Founded in 2014, the company began in a backyard shop by Jef Lewis with a vision of creating a profitable company in “Rural America”. BrewBilt has built a solid foundation by having strong relationships with local suppliers of raw materials, equipment and services in California, an aggressive referral network of satisfied customers nationwide, and an Advisory Board consisting of successful business leaders that provide valuable product feedback and business expertise to management. The craft brewing & spirits industries continue to grow worldwide. California is where craft brewing began and now has over 900 operating breweries – being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills. All BrewBilt products are designed and fabricated as “food grade” quality which enables the company to build vessels for food & beverage processing. More important, the company has been building systems that are pharmaceutical grade for clients involved in distillation for the cannabis and hemp industries over the past 36 months, thus making the revenue potential much greater. 

FORWARD LOOKING STATEMENTS This document contains forward-looking statements.  Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date.  The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties.  Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.  Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.  Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

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