US Access Beverage targets $20m China wine deal
By 2009-2-25 16:37:25
Access Beverage, Inc. (Pink Sheets:ABVI - News) CEO, Mr. James
Moeller, a thirty-year veteran of the wine and spirits industry,
today welcomed the International Wine & Spirit Record's (IWSR)
research which forecasts that the US will dominate global wine
demand within the next three years. While Access Beverage achieved
distribution of its Le Snoot line of wines in over two thousand
retail outlets in thirty states in the USA in its first year, Mr.
Moeller confirmed that they had entered into negotiations with a
major Chinese company to export wine and spirits to the Chinese
market for mass distribution. It is estimated that the deal could be
worth up to US$20-million to Access Beverage over the course of two
years. Mr. Moeller stated, "I am extremely optimistic and confident
that we will see considerable growth in our sector despite a
weakening economy. Over the past number of weeks we have experienced
a heightened level of deal flow, and increased interest in our
private labeling programs, all of which have the potential to add
significantly to our profitability."
Mr. Moeller stated, "This is excellent news for Californian wine
companies such as Access Beverage. All indicators are that despite
deepening concerns over consumer spending, by 2012, consumption of
US exported wines alone is expected to increase by 17.9 per cent. As
California is the top wine producer in the US, making 90% of all
U.S. wine, we are incredibly well positioned and will continue to
expand the distribution channels of our wine and spirit lines. Our
main focus at this juncture is to penetrate the market deeply and
gain as much market share as possible, not just in the US but
internationally as well."
The company, who recently announced its plans to acquire a 50% stake
in a leading European vodka company, Diamond Wodka BVBA, also
welcomed the data on the projected growth of vodka sales over the
next three years. The research confirmed that Vodka has been at the
centre of this demand surge, where continued growth is expected to
push consumption up twenty per cent by 2012. Access Beverage
president, Ms. Diane Svehlak, said, "This confirms for me that we
have all the elements critical to ensuring future growth. I have no
doubt that we are in the right market, with the right product lines
and at the right time. This should be good news to our shareholders,
who can expect frequent updates over the coming weeks."
Access Beverage, Inc.:
Founded in 2003, Access Beverage, Inc., is a publicly traded Nevada
corporation, ticker ABVI.PK. The company's offices are located at
Xerox Center, 1851 E 1st St, Suite 900, Santa Ana, CA 92705. Access
Beverage Inc. engages in the manufacturing, marketing, and sale of
wine and spirit brands, in the United States, with future brands
planned for launch in China, Canada and Russia. Its brands include,
Le Snoot, Mardi Gras and Bees Knees wines, and Simply RAW Vodka. The
company distributes its products through wholesale distributors, as
well as alcoholic beverage control agencies in the United States.
Access Beverage also offers private label wine & spirit programs
that are fully turnkey. They assist with all aspects of the
brand-creation process, including packaging/label design, regulatory
(federal and state), freight and delivery (all states and overseas),
all price points, imported and domestic, wine & sprits varietals and
blends. It is anticipated that the Access Beverage brand portfolio
will be sold internationally, through various retail establishments,
including liquor stores, chain stores, and restaurants. Access
Beverage, Inc., continually seeks to capitalize on its marketing
infrastructure by developing new lines of wine and premium liquor
products that it can sell to its developing and existing customer
base. The Company is continually reinvesting into its business by
increasing operating capacity through the acquisition of additional
inventories.
Moeller, a thirty-year veteran of the wine and spirits industry,
today welcomed the International Wine & Spirit Record's (IWSR)
research which forecasts that the US will dominate global wine
demand within the next three years. While Access Beverage achieved
distribution of its Le Snoot line of wines in over two thousand
retail outlets in thirty states in the USA in its first year, Mr.
Moeller confirmed that they had entered into negotiations with a
major Chinese company to export wine and spirits to the Chinese
market for mass distribution. It is estimated that the deal could be
worth up to US$20-million to Access Beverage over the course of two
years. Mr. Moeller stated, "I am extremely optimistic and confident
that we will see considerable growth in our sector despite a
weakening economy. Over the past number of weeks we have experienced
a heightened level of deal flow, and increased interest in our
private labeling programs, all of which have the potential to add
significantly to our profitability."
Mr. Moeller stated, "This is excellent news for Californian wine
companies such as Access Beverage. All indicators are that despite
deepening concerns over consumer spending, by 2012, consumption of
US exported wines alone is expected to increase by 17.9 per cent. As
California is the top wine producer in the US, making 90% of all
U.S. wine, we are incredibly well positioned and will continue to
expand the distribution channels of our wine and spirit lines. Our
main focus at this juncture is to penetrate the market deeply and
gain as much market share as possible, not just in the US but
internationally as well."
The company, who recently announced its plans to acquire a 50% stake
in a leading European vodka company, Diamond Wodka BVBA, also
welcomed the data on the projected growth of vodka sales over the
next three years. The research confirmed that Vodka has been at the
centre of this demand surge, where continued growth is expected to
push consumption up twenty per cent by 2012. Access Beverage
president, Ms. Diane Svehlak, said, "This confirms for me that we
have all the elements critical to ensuring future growth. I have no
doubt that we are in the right market, with the right product lines
and at the right time. This should be good news to our shareholders,
who can expect frequent updates over the coming weeks."
Access Beverage, Inc.:
Founded in 2003, Access Beverage, Inc., is a publicly traded Nevada
corporation, ticker ABVI.PK. The company's offices are located at
Xerox Center, 1851 E 1st St, Suite 900, Santa Ana, CA 92705. Access
Beverage Inc. engages in the manufacturing, marketing, and sale of
wine and spirit brands, in the United States, with future brands
planned for launch in China, Canada and Russia. Its brands include,
Le Snoot, Mardi Gras and Bees Knees wines, and Simply RAW Vodka. The
company distributes its products through wholesale distributors, as
well as alcoholic beverage control agencies in the United States.
Access Beverage also offers private label wine & spirit programs
that are fully turnkey. They assist with all aspects of the
brand-creation process, including packaging/label design, regulatory
(federal and state), freight and delivery (all states and overseas),
all price points, imported and domestic, wine & sprits varietals and
blends. It is anticipated that the Access Beverage brand portfolio
will be sold internationally, through various retail establishments,
including liquor stores, chain stores, and restaurants. Access
Beverage, Inc., continually seeks to capitalize on its marketing
infrastructure by developing new lines of wine and premium liquor
products that it can sell to its developing and existing customer
base. The Company is continually reinvesting into its business by
increasing operating capacity through the acquisition of additional
inventories.
From finance.yahoo.com