International Star Inc. and Zionic Beverages Inc. Sign Letter of Intent to Develop Celebrity-Endorsed Beverage Products

Rhea-AI Summary

International Star Inc. (OTC PINK:ILST) and Zionic Beverages Inc. have signed a Letter of Intent to jointly develop alcoholic and non-alcoholic beverages. The collaboration leverages ILST's celebrity connections, including consultants who have worked with Mike Tyson, Tommy Chong, and Snoop Dogg, alongside Zionic's established relationships with 7-Eleven and Republic Brands. The partnership aims to combine product innovation with celebrity endorsements for market expansion.

Positive

• Strategic partnership with Zionic Beverages providing access to established distribution channels through 7-Eleven and Republic Brands
• Access to celebrity network for potential product endorsements and licensing deals

Negative

• LOI is non-binding and preliminary in nature, with no guaranteed execution of final agreement
• No specific timeline or financial terms disclosed for product development and market entry

News Market Reaction

-11.11%

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-11.11% News Effect

On the day this news was published, ILST declined 11.11%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DOVER, DE / ACCESSWIRE / November 19, 2024 / International Star Inc. (OTC PINK:ILST) and Zionic Beverages Inc. (www.zionicbeverages.com) have signed a Letter of Intent (LOI) to collaborate on the development of both alcoholic and non-alcoholic beverage products.

Under the terms of the LOI, International Star Inc. will work with Zionic Beverages to formulate beverage products and facilitate connections with celebrities for potential endorsement and promotion. Zionic also brings to the collaboration its established relationships with industry leaders, including 7-Eleven and Republic Brands, providing potential access to key distribution channels and strategic insights into the beverage market.

International Star Inc. has recently engaged consultants who have collaborated with renowned figures such as Mike Tyson, Tommy Chong, and Snoop Dogg. We are developing these relationships to expand our network among celebrities and beneficial licensing deals. Our newly formed relationship with Zionic is poised to support our offerings and work that can be developed among our celebrity JV's and beyond.

"We are pleased to formalize this relationship with Zionic through the LOI," said Robert Klein, CEO of International Star Inc. "Zionic's relationships with groups such as 7-Eleven and Republic Brands, combined with our proven track record of working with iconic celebrities, create an exciting foundation for success."

The companies will continue to work together in the coming months to finalize product plans and explore opportunities for market entry. The partnership aims to align product innovation with consumer trends, leveraging the reach and influence of celebrity endorsements to introduce the products to a broad audience.

About International Star Inc:

International Star Inc. (OTC: ILST) operates through its wholly-owned subsidiary, Budding Equity Inc. ("BEi") and its 20% ownership stake in B Studios LLC. BEi owns and licenses intellectual property through contracts with movie studios and celebrities and structures licensing deals with third parties for cannabis-related products. The company also maintains joint ventures with affiliates of Ice Cube and Kevin Smith to license and brand cannabis and cannabis-related products. B Studios focuses on producing cannabis-themed films and capitalizing on product placement and licensing. A core focus of ILST remains acquiring and developing innovative businesses with high growth potential in the cannabis space and beyond. For more information, you can visit our website at www.ilstinc.com.

For media inquiries, please contact:

Investors@ilstinc.com

International Star, Inc.
8 The Green
Suite 16020
Dover, DE 19901
Website: www.ilstinc.com

Forward-Looking Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE: International Star, Inc.

View the original press release on accesswire.com

FAQ

What is the purpose of the LOI between International Star (ILST) and Zionic Beverages?

The LOI establishes a collaboration between ILST and Zionic Beverages to develop alcoholic and non-alcoholic beverage products, combining celebrity endorsements with established distribution channels.

Which major celebrities have ILST's consultants previously worked with?

ILST's consultants have previously collaborated with Mike Tyson, Tommy Chong, and Snoop Dogg.

What key business relationships does Zionic Beverages bring to the ILST partnership?

Zionic Beverages brings established relationships with industry leaders including 7-Eleven and Republic Brands, providing potential access to key distribution channels.