Las Vegas, NV -- (SBWIRE) -- 08/28/2013 -- Montalvo Spirits Inc (OTCBB:TQLA) announced the financial reports for quarter ended June 30, 2013. The company generated sales revenue of $0.04 million as compared to $0.003 million revenue earned in first quarter of the year.
TQLA is spending less on selling general and administrative expenses since last few quarters. The company spent $0.11 million in this head in second quarter as compared to $0.27 in first quarter of the year. The net loss of the company during the quarter is $87,000.
Montalvo Spirits Inc., previously Advanced Cloud Storage, Inc. develops and sells alcoholic beverages in the United States. The company is focusing on the artisanal spirits class. It sells the beverages through a network of licensed distributors.
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