1st Prestige Wealth Management Inc. Renames as Charlestowne Premium Beverages Inc. Following Acquisition of Beverage Developer

Company's OTC trading symbol will remain as FPWM

Charleston, South Carolina--(Newsfile Corp. - July 29, 2020) - Charlestowne Premium Beverages Inc. (OTC Pink: FPWM), the company focused on becoming a presence in the premium cannabidiol (CBD) infused alcohol space, announces it has now completed its corporate rebrand, changing its name from 1st Prestige Wealth Management Inc.

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Charlestowne Premium Beverages

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"We recently announced the decision to resume our pre-COVID-19 plans. As business operations resume, we are very pleased with the notice of successful finalization of our name change process, which completes our rebranding. "Our name is now intrinsically tied to the new nature of our business in the CBD infused beverage market," commented CEO Martin D. Ustin." As the CBD and alcoholic beverage markets continue to expand rapidly worldwide, we are looking forward to participating in the burgeoning opportunities. I look forward to announcing more updates on our operations and supply chain in the next few weeks."

About Charlestowne Premium Beverages Inc.
Charlestowne Premium Beverages Inc (FPWM) is a company that develops, produces, markets, and distributes alcoholic beverages worldwide. The Company's portfolio showcases spirit brands such as Papa Vodka, Crocodile Tears Vodka, Proprietor's Reserve Whiskey, and Lord Proprietor's Special Reserve Whiskey. The company also has wholesaler and import permits from the Alcohol and Tobacco Tax and Trade Bureau-the governing body for spirits in the U.S. under the Department of the Treasury.

To learn more, please visit www.charlestownepremiumbeverages.com and follow us on Twitter at @CharlestowneCB1

Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward- looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic

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