American Marconi Wireless News - Food Culture Inc. (OTCID:FCUL) Completes Acquisition of Distill Brands International and Appoints Mr. Paul Neelin as Incoming CEO

TORONTO, ONTARIO / ACCESS Newswire / November 18, 2025 / Food Culture Inc. (OTCID:FCUL) ("FCUL" or the "Company"), is excited to announce that is has closed a Share Exchange Agreement (the "Acquisition") with the shareholder of Booze in a Box Inc. (operating as Distill Brands International) ("DBI"), a Canadian federal corporation, and has appointed Mr. Paul Neelin as the Company's Chief Executive Officer.

Under the terms of the Acquisition, DBI became a wholly owned subsidiary of FCUL in exchange for the issuance of 18 million shares of FCUL's unregistered, restricted common stock to the sole shareholder of DBI, Ontario-based, BIAB Holdings, Inc. ("BIAB"). Mr. Paul Neelin, the Company's newly appointed CEO, and his spouse control approximately 74% of BIAB. DBI is an up-and-coming Ontario-based global spirits & marketing company focused on excellence in quality products, paired with enduring brand partnerships that target the sports and entertainment sectors. Throughout 2025 DBI has been actively engaged in securing partnership relationships for premium wine and liquor products and expects to announce relationships with both new and established partner brands, including several co-branding and co-packing partnerships, prior to the close of the first quarter of fiscal 2026.

Mr. Ruben Yakubov, Chairman of FCUL commented, "We are excited to have concluded the acquisition of DBI, a company that is driven to find cutting edge beverage technology within the "Eco-Space" offering distributors, retailers, and customers the latest packaging trends, matched with the highest in quality spirits and premixed beverages for global distribution."

Mr. Neelin, the Company's CEO and the founder of DBI commented, "We have been working with the team at Food Culture for several months and are excited to introduce shareholders to our portfolio over the coming months. Along with various exciting partnership announcements planned prior to the close of the first quarter of fiscal 2026, we will immediately work on a rebranding of Food Culture Inc. including a proposed name change to "Distill Spirits Acquisition Group". The entire team at DBI is excited for the opportunity to gain awareness globally and accelerate growth across North America and beyond through our recently concluded transaction with Food Culture."

While undertaking duties as the CEO of FCUL, Mr. Neelin will continue in his positions as both CEO and CMO of the Company's operating division, DBI.

Mr. Neelin is an inventor, entrepreneur and strategist with over 30 years of business ownership experience including a focus on marketing and product development. Paul has spent his career gaining vast International experience in go-to-market strategies with corporations such as McDonald's USA, Disney, and Coca Cola, where he successfully negotiated marketing agreements. He has also successfully negotiated sponsorships / license agreements with the NHL and MLB. As the incoming CEO of FCUL and in his continuing roles at DBI, Paul will manage and grow licensing partnerships, assist with new product development, manage and implement successful marketing strategies, oversee co-packing partnerships and review potential sustainable acquisitions.

The Company is in the process of updating and relaunching its corporate website (https://foodcultureinc.com) in conjunction with DBI to better reflect the ongoing business of the Company and familiarize shareholders with DBI's exciting business model and future plans. Management encourages shareholders to visit DBI's current website at https://distillacquisitions.com

About Food Culture Inc.:

Food Culture Inc. is a company operating in the food and beverage space. We have recently acquired DISTILL BRANDS INTERNATIONAL, "DBI", an Ontario-based global spirits & marketing company focused on excellence in quality products, paired with enduring brand partnerships that target the sports and entertainment sectors.

About Distill Brands International:

Distill Brands International is focused on delivering a premium quality product using recipes that will include Premium Vodka, Whiskey, Rum, Gin, Bourbon, Tequila, and Liqueurs, with plans to offer wine in the near future. DBI also offers several ready to drink (RTD) beverages in an array of flavors, in carbonated and non-carbonated formats. DBI will produce, distribute and sell the finest quality Premium Spirits with a continued commitment to incorporating quality ingredients, while promoting business practices that reflect the environment.

This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," "expect" "continue," "future," and similar expressions are intended to identify such forward-looking statements. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact
Ruben Yakubov
(o) +1 416 565 5467
[email protected]
https://foodcultureinc.com
https://distillacquisitions.com

SOURCE: Food Culture, Inc

View the original press release on ACCESS Newswire

L.Harper--AMWN