Asia Distribution Solutions announces merger with Yarraman Winery - Quick Facts

(RTTNews) -  Yarraman Winery, Inc. (Friday said that the stock acquisition of Asia Distribution Solutions Limited, a Chinese distributor of wine and spirits, has been accepted by over 90% of ADSL's shareholders and the acquisition is expected to close within the next ten business days.

After completion of the acquisition of ADSL's shares by Yarraman, Yarraman intends to change its name to Global Beverages Asia, Inc. Global Beverages would retain Yarraman senior management to continue to operate its winery and vineyard in Australia and some of the current board of directors. Shares are expected to be quoted on the Over-the-Counter Bulletin Board in the second quarter of 2009.