Sentient Brands extends LOI exclusivity with AIG for beverage and food acquisition

SENTIENT BRANDS HOLDINGS INC.

Sentient Brands and American Industrial Group (AIG) extended exclusivity period of LOI signed earlier.
Potential acquisition covers AIG's alcohol, non-alcoholic beverage, confectionery, and baking goods businesses.
AIG operates eight factories and 170 distributors across 22 countries; holds USDA Organic and OK Kosher certifications.
Goal is to sign a definitive agreement in the near term and close the M&A transaction promptly thereafter.
COO George Furlan said the deal would establish Sentient Brands as an international food and beverage enterprise.

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