Panache Beverage and Domaine Select Announce Portfolio Import Deal
17 6월 2014 - 10:30PM
Marketwired
Panache Beverage and Domaine Select Announce Portfolio Import Deal
NEW YORK, NY--(Marketwired - Jun 17, 2014) - Panache Beverage,
Inc. (OTCQB: WDKA), an alcoholic beverage company specializing in
the development, global sales and marketing of spirits brands is
pleased to announce that it has agreed to terms with Domaine Select
Wine Estates.
Domaine Select will act as the importer for Panache brands in
the U.S. and will remain a New York distributor for Wódka Vodka and
Alibi American Whiskey. The brands will have a featured presence in
its Classic & Vintage spirits division. The alignment with
Domaine Select comes as Panache continues its business
restructure.
"Domaine Select will provide stability and infrastructure for
our brands and our distribution partners across the country,"
comments Panache Beverage Interim CEO Michael Romer. "Their
national team of salespeople and ambassadors, combined with
exceptional industry experience, are a perfect fit for Panache as
we focus on product depletions and volume growth in our key
territories."
Panache Beverage and Domaine Select Wine Estates have had a
business relationship since March 1, 2011 when Domaine Select
became the US importer and New York Distributor for Wódka Vodka.
The relationship expanded in November 2012 when Domaine Select
assumed New York distribution responsibilities for Alibi American
Whiskey. In 2013, Panache Beverage became its own importer and
Domaine Select remained a New York distributor for both brands.
"Domaine Select has always believed in the Panache brands and
its brand development strategy," explains Domaine Select Wine
Estates CEO Paolo Domeneghetti. "These brands fit well in our
Classic & Vintage spirits division. We're excited to be a part
of this next phase of Panache's growth."
About Panache Beverage
Panache Beverage, Inc., based in New York, NY, is an alcoholic
beverage company specializing in the development, global sales and
marketing of spirits brands. The company's expertise lies in the
strategic development and aggressive early growth of its brands
establishing its assets as viable and attractive acquisition
candidates for the major global spirits companies. Panache intends
to build its brands as individual acquisition candidates while
developing, creating and expanding its portfolio via the Panache
Distillery. Panache's existing portfolio consists of the brands:
Wódka Vodka, Alchemia Infused Vodka, Alibi American Whiskey,
Spirytus Vodka and Old South Shine Vodka, a rectified spirit.
For more information visit: http://www.panachespirits.com
About Domaine Select: Classic & Vintage
Founded in 1999, Domaine Select Wine Estates (DSWE)
(www.domaineselect.com) is dedicated to fine wines and specialized
spirits from around the world of the highest quality and which
demonstrate excellence and tremendous character, particular to
their origin. Assembled in early 2009, Classic & Vintage is the
exclusive spirits division under the DSWE umbrella. The Classic
& Vintage collection represents tremendous diversity in each
category. DSWE is committed to transmitting the individuality of
their producers; expressing diversity, tradition and character is
the tenet of DSWE. Domaine Select Wine Estates was named 2010
Importer of the Year by FOOD & WINE Magazine.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a
safe harbor for forward-looking statements. This press release may
contain certain statements of a forward-looking nature relating to
future events or future business performance. Any such statements
that refer to the Company's estimated or anticipated future results
or other non-historical facts are forward-looking and reflect the
Company's current perspective of existing trends and information.
These statements involve risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
among others, risks and uncertainties detailed in the Company's
Securities and Exchange Commission filings, including the Company's
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The
forward-looking statements speak only as of the date of this
release. The Company undertakes no obligation to update publicly
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Press Inquiries: Panache Beverage Inc. Email Contact
Panache Beverage Inc DE (CE) (USOTC:WDKA)
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Panache Beverage Inc DE (CE) (USOTC:WDKA)
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