Sentinel Holdings LTD

Sales Ramping as Restrictions Lift in California

LOS ANGELES, CA / ACCESSWIRE / April 21, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, announced today that the Company generated $2.7 million revenue in the month of March 2021. As California continues to lift restrictions, the Company is seeing an increase in sales, as demonstrated by this 46% growth over March 2020.

Pacific Venture Group’s first quarter ended March 31, 2021 earnings results are expected to be released in mid-May.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We are very pleased with our March results, which are nearing our highest monthly revenue record of $3.0 million achieved in May 2020. We were able to increase our overall customer base and increase the order size of the current customers. Our successful transition into an expanding customer base and the eventual return to normalcy of our two largest customers, who accounted for approximately 10-20% of our sales in 2019, but have been on pause due to Covid-19, puts us in great position for further growth in 2021 and beyond. We look forward to reporting our official first quarter 2021 results for the three months ended March 31, 2021 in mid-May.”

About Pacific Ventures Group, Inc.

Pacific Ventures Group, Inc. (OTC: PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the web site dedicated to SnöBar.)

Safe Harbor Statement

Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Expected to Lead to Increased Revenues

LOS ANGELES, CA / ACCESSWIRE / March 31, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, today announced the addition of Pepsi products to its distribution capabilities.

Seaport Meat Company now has the ability to distribute Pepsi products.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “This expansion of products transforms Seaport Meat Company into being more of a full-service distributor. We believe this will enable us to attract new customers and expand our revenue to existing customers.”

About Pacific Ventures Group, Inc.

Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement

Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Cross-Sell Synergies Fueling Growth

LOS ANGELES, CA / ACCESSWIRE / March 24, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce that Seaport Meat Company has executed and launched distribution to its new customer with more than 30 locations on March 22 2021.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “Seaport Meat Company continues to add new customers because of our high attention to service and quality. This new customer will be intergrating San Diego Farmers Outlet’s produce as well. The synergies of our companies are coming together and fueling our growth and expansion of products and customer base.”

About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement
Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Synergistic Acquisition to Take Seaport Meat Company and San Diego Farmers Outlet Into the Midwest

LOS ANGELES, CA / ACCESSWIRE / March 16, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce its signing of a Letter of Intent (“LOI”) to acquire a food and beverage distributor located in the Midwest.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We are excited to sign this LOI and work towards a definitive agreement and closing over the next couple of months. In addition to their existing business, we believe there are great synergies to expand Seaport Meat Company’s and San Diego Farmers Outlet’s reach toward the middle of the country given their customers and distribution capabilities. This would be a transformational acquisition, if consummated, that will catapult us near $80 million annual revenue and enable us to be positioned to start the process of an up list to a major national U.S. exchange.”

About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement
Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Expected to Increase Volumes and Efficiencies

LOS ANGELES, CA / ACCESSWIRE / March 9, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce that it has added to its fleet of trucks for its Seaport Meat Company and San Diego Farmers Outlet. The additional trucks are expected to increase volumes and efficiencies to existing and new customers.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We are expanding the radius of customer base for Seaport Meat Company and San Diego Farmers Outlet to 500 miles. This coincides with our successful acquisition strategy of being able to leverage multiple customer bases by cross-selling and overlapping. We believe this will make Seaport Meat Company a premier choice for customers needing a first rate meat purveyor in the Southwest.”

About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTC: PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement
Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Expects to Lead to Increased Volume and Lower Costs

LOS ANGELES, CA / ACCESSWIRE / March 5, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce that it has purchased new machinery for its Seaport Meat Company operations.

The addition of a Thompson Meat Grinder and a Roll Stock Machine will expand production capability and improve production efficiencies. The added automation will increase speed by combining two smaller production lines into one larger production line and thereby reducing over time hours.

Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We have added this new machinery to expand our production in order to meet an increase in demand. With the expected increase in production volume and decrease in production costs, we anticipate higher net income.”

About Pacific Ventures Group, Inc.

Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement

Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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Increases in Customer Base and Order Sizes Drive Record Growth

LOS ANGELES, CA / ACCESSWIRE / March 3, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage, and alcohol-related products, is pleased to announce record growth of 519% to annual revenue of $30,741,152 for the year ended December 31, 2020.

The Company expects to file its 2020 Annual Report under Form 10-K by March 31, 2021.

“I am proud of our achievement in reaching Company-record sales in 2020, as we increased sales to essential customers with a successful pivot to new opportunities with Hospitals, Nursing Homes, and Naval Bases, stated Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer. “Our revenue for the year ended December 31, 2020 was $30,741,142, an increase of $24,822,805, or 519%, as compared to $5,918,337 for the year ended December 31, 2019. We were able to increase our overall customer base and increase the order size of the current customers. Our successful transition into an expanding customer base along with more and more restaurants continuing to re-open and our two largest customers eventually returning to some normalcy puts us in great position for further growth in 2021 and beyond.”

About Pacific Ventures Group, Inc.

Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)

Safe Harbor Statement

Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Investors Contact:
ir@pacvgroup.com

SOURCE: Pacific Ventures Group, Inc.

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• Enhances competitive advantage through greater selection of nationally branded, dry goods and grocery products at materially lower wholesale costs
• Increased, post-COVID grocery demand enabled minimum order size required for approval by UNFI

LOS ANGELES, CA, Oct. 07, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Pacific Ventures Group, Inc. (OTC: PACV) (the “Company”), a Southwest focused, specialty food and beverage distributor and retailer, today announced a new supply contract between its wholly-owned subsidiary, San Diego Farmers Outlet (“SDFO”) and Providence, RI based, national food distributor UNFI.

The agreement provides SDFO new access to a broad range of nationally branded products that can better meet the specific needs of its unique customer demographic and increase SDFO sales.

The Company also expects SDFO margins on dry goods and grocery items to materially improve due to the lower costs allowed by access to top tier distribution and national scale sourcing by UNFI.

Because SDFO minimum order size in years prior was not sufficient for account approval by a tier 1 distributor, it had to rely on regional distributors with limited selection of national brands, at higher prices.

With the consolidation of these items into a national, tier 1 supplier, SDFO’s customers gain a vastly improved product selection at lower prices, a critical competitive enhancement that improves new account growth, customer retention, and average revenue per customer.

Its regional supply relationships will be reoriented toward specialty brands more effectively supplied by such suppliers.

The UNFI relationship allows optimization of SDFO’s product mix to better respond to the unique characteristics of its regional customers and changing consumer behavior driven by COVID.

“Broader, more nimble product choice removes friction in winning new accounts and expanding existing ones,” commented Shannon Masjedi, Pacific Ventures CEO. “The ability to quickly and opportunistically reset product mix for dynamic customer demand, at the best prices, is an important competitive advantage.”

About Pacific Ventures Group

Pacific Ventures Group, Inc. (OTCMKTS: PACV) is a Southwest focused, customer-centric, food distribution company with three core assets: Seaport Meats, a USDA certified meat processing facility and distributor of quality meat, fish, and poultry through wholesale and direct-to-consumer channels; San Diego Farmers Outlet selling top quality produce to a growing number of Southern California businesses and retail customer since 1983; and Snöbar, alcohol-infused frozen desserts. $15 million in revenue in the first half of 2020, Pacific Ventures’ organic growth strategy emphasizes continual operational and sales improvements along with an active M&A strategy to grow through synergistic acquisitions. www.pacvgroup.com

Safe Harbor Statement

Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Pacific Ventures Media Inquiries
3103925606
ir@pacvgroup.com

• 80% organic rev growth from San Diego Farmers Outlet; outperforming growth of newly acquired Seaport Meats validates M&A strategy

  LOS ANGELES, CA / ACCESSWIRE / August 26, 2020 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, is pleased to announce the Company’s financial results for the second quarter ended June 30, 2020.

  Key Financial Highlights for Q2 2020:

  • Revenues increased 671% over Q2 2019 to $8.7 million
  • Gross profit increased 145% to $1.0 million

  Key Financial Highlights for 1^st Half 2020:

  • Revenues increased 536% over 1^st Half 2019 to $15.4 million
  • Gross profit increased 193% to $2.0 million

  Revenue growth was driven by 80% increase from San Diego Farmers Outlet and the acquisition of Seaport Meat Company, which closed in December 2019. Because Seaport Meat Company can efficiently add new product lines, it is expected that this will expand the distribution of San Diego Farmers Outlet and SnoBar product line, thereby accelerating Pacific Ventures’ revenue growth. We believe this combination of a distribution and product company is unique in the San Diego area and will accelerate our growth.

  Of note, from January 1, 2020 through June 30, 2020, the Company issued 0 shares of its common stock.

  Management Commentary
  Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “I am extremely pleased with our first half 2020 results, as we continue to execute on our plans since integrating Seaport Meat Company, implementing efficiencies and executing growth initiatives. Our strategic plan is proving itself with the dramatic revenue increase to $15.4 million in the first half of 2020.”

  Masjedi, continued, “Our Company is well-positioned for further growth in 2020 and 2021. We intend to achieve operating cash flow breakeven in the next 12 months. Our team and advisors continue work on further improving our balance sheet and positioning us for an uplist to a major national stock exchange in 2021.

  Masjedi, concluded, “We have a three-prong growth strategy (1) incrementally accelerate sales and improve profitability of San Diego Farmers Outlet and Seaport Meat Company, (2) expand Snöbar production and distribution and (3) acquire additional food production or distribution companies synergistic with existing assets. Our management team and Board continue to assess and vet a robust potential M&A pipeline to complement our organic growth. We look forward to reporting our progress as it unfolds throughout the remainder of 2020.”

  Snobar Update
  As of today, Snöbar products are currently being sold in the east coast of United States by the Company’s distributor. We have been actively constructing an online platform that will allow Snöbar distribution on a national level. The Company’s platform is complete and ready to “go live” and, with the aim of purchasing inventory as well as increasing sales and marketing efforts.

  The Company has recently signed an agreement with a new co-packer to produce and manufacture the Snobar Product Line. The new factory will produce the Snobar Product Line for a reduced price which will allow for greater profitability for the company. The new factory has all of the necessary licensing in place required to manufacture the Snobar Product Line.

  In addition, the Company is planning to offer distribution rights throughout the country which will allow the Snöbar Product Line to expand its footprint very rapidly. The distribution rights will also bring in additional revenue to the Company.

  Financial Results for the Three Months Ended June 30, 2020:
  Revenue for the three months ended June 30, 2020 was $8.7 million, an increase of $7.6 million, or 671%, as compared to $1.1 million for the three months ended June 30, 2019. The increase in revenue was driven by 80% organic growth at San Diego Farmers Outlet and the acquisition of Seaport Meat Company, which closed in December 2019.

  Gross profit for the three months ended June 30, 2020 was $1.0 million, compared to $0.3 million for the three months ended June 30, 2019. The resulting gross margin was 11.6% for the three months ended June 30, 2020, compared to 36.4% for the three months ended June 30, 2019. The increase in gross profit and decline in gross margin is due to the higher revenue but lower margin business model of Seaport Meat Company.

  Operating expenses for the three months ended June 30, 2020 were $1.7 million, an increase of $1.2 million, or 247%, compared to $0.5 million for the three months ended June 30, 2019. The increase primarily related to an increase in operating activities and an increase in salaries and wages due to the acquisition of Seaport Meat Company, which closed in December 2019.

  Operating loss for the three months ended June 30, 2020 was $0.7 million, an increase of $0.6 million, or 836%, compared to $0.1 million for the three months ended June 30, 2019.

  Interest expense for the three months ended June 30, 2020 was $0.4 million, an increase of $0.2 million, or 150%, compared to $0.2 million for the three months ended June 30, 2019.

  Net loss for the three months ended June 30, 2020 was $1.1 million, an increase of $0.8 million, or 352%, compared to $0.2 million for the three months ended June 30, 2019. The resulting loss per share for the three months ended June 30, 2020 was ($0.94) per diluted share, compared to ($0.00) per diluted share for the three months ended June 30, 2019.

  Financial Results for the Six Months Ended June 30, 2020:
  Revenue for the six months ended June 30, 2020 was $15.4 million, an increase of $13.0 million, or 536%, as compared to $2.4 million for the six months ended June 30, 2019. The increase in revenue was driven by 80% organic growth at San Diego Farmers Outlet and the acquisition of Seaport Meat Company, which closed in December 2019.

  Gross profit for the six months ended June 30, 2020 was $2.0 million, compared to $0.7 million for the six months ended June 30, 2019. The resulting gross margin was 13.1% for the six months ended June 30, 2020, compared to 28.5% for the six months ended June 30, 2019.

  Operating expenses for the six months ended June 30, 2020 were $3.1 million, an increase of $2.2 million, or 249%, compared to $0.9 million for the six months ended June 30, 2019. The increase primarily related to an increase in operating activities and an increase in salaries and wages due to the acquisition of Seaport Meat Company, which closed in December 2019.

  Operating loss for the six months ended June 30, 2020 was $1.1 million, an increase of $0.9 million, or 446%, compared to $0.2 million for the six months ended June 30, 2019.

  Interest expenses for the six months ended June 30, 2020 was $0.8 million, an increase of $0.4 million, or 126%, compared to $0.4 million for the six months ended June 30, 2019.

  Net loss for the six months ended June 30, 2020 was $1.9 million, an increase of $1.3 million, or 244%, compared to $0.5 million for the six months ended June 30, 2019. The resulting loss per share for the six months ended June 30, 2020 was ($1.63) per diluted share, compared to ($0.00) per diluted share for the six months ended June 30, 2019.

  About Pacific Ventures Group, Inc.
  Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the web site dedicated to SnöBar.)

  Safe Harbor Statement
  Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

  Investors Contact:
  ir@pacvgroup.com

  ClearThink
  nyc@clearthink.capital

  SOURCE: Pacific Ventures Group INC

  View source version on accesswire.com:
  https://www.accesswire.com/603416/Pacific-Ventures-Reports-Second-Quarter-Revenue-of-87-Million-671-YoY-Increase