PACIFIC VENTURES GROUP, INC. (OTCMKTS:PACV) Files An 8-K Other EventsItem 8.01 Other Events
DIVIDEND POLICY. On June 13, 2018, the Company’s Board of Directors declared a stock dividend of one (1) Common Stock share for every one hundred (100) Common Stock shares owned. The dividend will be payable to stockholders of record as of July 2, 2018. The Company has not paid and do not plan to pay cash dividends at this time or anytime soon. The Company’s Board of Directors will decide on any future payment of dividends, depending on the Company’s results of operations, financial condition, capital requirements, and any other relevant factors. However, the Company expects to use any future earnings for operations and in the business.
Item 9.01 Financial Statements and Exhibits.
Pacific Ventures Group, Inc. ExhibitEX-99.1 2 f8k061318ex99-1_pacific.htm PRESS RELEASE ISSUED BY THE COMPANY ON JUNE 15,…To view the full exhibit click here
About PACIFIC VENTURES GROUP, INC. (OTCMKTS:PACV)
Pacific Ventures Group, Inc., formerly American Eagle Group, Inc., offers solutions within the food, beverage, alcohol and hospitality industries. The Company is the trustor and beneficiary of Snobar Trust. Snobar Trust holds International Production Impex Corporation (IPIC). IPIC holds the rights of the liquor licenses to sell alcohol-infused ice cream and ice-pops products and trade names SnoBar. IPIC is a food and beverage, alcohol distribution company that is engaged in marketing products, such as SnoBar alcohol infused ice pops, and SnoBar alcohol infused ice cream and sorbet. The SnoBar ice pops are frozen alcohol beverage bars, similar to popsicles on a stick, but made with liquor, such as tequila and vodka. SnoBar ice pops are manufactured in approximately three flavors: Margarita, Cosmopolitan and Mojito. SnoBar ice creams are ice cream and sorbets that are distilled spirit cocktails containing approximately 20% liqueurs and liquors.
