Published:
Liquor Group Wholesale Purchases Full Service Alcohol Brokerage in Iowa
DES MOINES, Iowa - (BUSINESS WIRE) - Pursuant to plans outlined at the annual shareholder meeting, Liquor
Group Wholesale (OTCBB:LIQR) has made two acquisitions since their
expansion plan ratified August 31, 2009. Iowa Alcohol Beverage Division
creates 2% of the State's budget ($104M+ 2009FY), and Liquor Group is
now poised for this opportunity. Liquor Group Iowa is by industry
estimates the third largest brokerage by number of brands in Iowa,
representing of major brand portfolios including: Pravda
Vodka, Bartender Brands, Domaine
De Canton and Happy
products.
This acquisition is the first to become a "division" of Liquor Group
Wholesale from day one, adding asset value and income to the operation
immediately. A 5-year share vesting program underwritten by VIGOR
Holding Company, a major shareholder in LIQR secured the deal. "We made
good on our commitment to shareholders..." says Steven Dodge, VP of
Control State Operations, "...one down...seventeen more to go!" referring to
privately-owned brokerage operations related to Liquor Group slated to
be purchased by the company.
About Liquor Group Wholesale
Liquor Group Wholesale is an emerging liquor and wine distribution
company representing more than 1800 spirits and wine products with
operations in 32 US States, focused on providing a distribution channel
for Mid-Market, Nationally and Internationally recognized alcohol
beverage products. Operations consist of the conveyance of goods from
manufacturer to state level distributor, with focus on consolidation of
distribution operations from concept to purveyor.
Safe Harbor
Except for the historical information contained herein, the matters set
forth in this press release, including the description of the company
and its product offerings, are forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, including the historical volatility and low trading
volume of our stock, the risk and uncertainties inherent in the early
stages of growth companies, the company's need to raise substantial
additional capital to proceed with its business, risks associated with
competitors, and other risks detailed from time to time in the company's
most recent filings with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date hereof. The company
disclaims any intent or obligation to update these forward-looking
statements.
Liquor Group Wholesale
Jason Bandy, 904-285-5885
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