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Beverage News Network
Alcohol Industry Regulators will want to take note...
In an unceremonious fashion, on an unparticular and ordinary day, the Alcohol Regulatory Industry may experience an operational shift unlike that which has been seen in many years, and it all starts with a day in court.
This is the story of a man that was once ingratiated by the press for creating the fastest growing alcohol distribution company in the country; a man whom in less than a decade built his company from a few cases of liquor sold out of a home garage to an empire operating in 33 US States and 12 foreign countries, a man who created good paying jobs for hundreds of employees and who accomplished many tens of millions in revenues while creating a publicly traded company to grow into all 50 states, a man who was suddenly and almost instantly stopped in his tracks.
C. J. Eiras, the former CEO of the now defunct Liquor Group was unexpectedly arrested in 2012 for 70 Felony counts including criminal tax evasion and bootlegging, and was burdened with a bond to get out of jail set at $2.25 Million Dollars, a bond that is many times more than that set for accused rapists, child molesters or even murderers. To add insult to injury, the press gobbled up the story, as it was spoon fed to them by the powers that be. The national press wrote newspapers, magazine articles and even produced whimsical "American Greed" stylized stories about a modern day Gangster Bootlegger, one whom was nefariously operating a criminal enterprise network with evil lair facilities spread across the country that would make even Al Capone green with envy.
Elliot Ness turns into Hellova Mess.
Well after the dust settled, a completely different picture emerged.
The Special Prosecutor selected to handle the case spent 16 months deliberating over the "evidence" of wrongdoing by Eiras, and in the end publicly stated that there was no evidence to substantiate any of the claims made by the State of Florida Alcohol Beverage & Tobacco Division (ABT). Well that in itself is disastrous for the State, however when you dig deeper you find that the actual agent in charge of the investigation, one Eugene Baker, has his own history with multiple government agencies of wrongdoings and miss deeds. Baker was actually concurrently being investigated by the Inspector General for the State of Florida while Eiras' case was being deliberated.
It gets worse...
When you dig even deeper to find the agent whom initiated the investigation was actually a former ABT Agent, Leonard Lee, who during his stint at the ABT arrested a Liquor Group manager in Florida for Selling Alcohol without a License, when in fact not only did the manager have his own personal LQS license with Florida, but he was delivering alcohol under the Liquor Group license in Florida, and was actually dropping off a donation of rum and vodka to a charity. The record after this is unclear, but it looks like Lee lost his ABT job after that case was thrown out by the court at the initial hearing, but I digress.
So now Eiras holds another record to add to his illustrious resume of achievements; the record for being arrested with the highest count of Felony Charges under the highest bond request to ever be dropped without any plee bargaining, by any prosecutor, in any state, at any time in the history of the alcohol industry. All of this activity, accusations, arrest, press, presumptions and vindications without a single court hearing ever scheduled on the docket, so how then does Eiras get his day in court?
On February 4, 2016 Eiras filled suit against the State of Florida ABT and Eugene Baker individually, and the ripple effects of this litigation will have State Alcohol Agencies all over the country watching keenly to see just what happens next. Stay tuned.
April 1, 2013 – Jacksonville, Florida – Liquor Group Wholesale (Publicly Traded: LIQR) announces the Annual Shareholder Meeting on April 23, 2013, at 9AM EST to be held at their corporate offices located at 4600 Touchton Road, Building 100, Suite 150, Jacksonville, FL 32246.
All current shareholders are invited to attend, a vote of shares will be held during the meeting. Contact the company if you wish to file a proxy vote without attending the meeting.
About Liquor Group Wholesale
Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) is an emerging alcohol distribution/brokerage organization representing thousands of brands with operations in many US States. Our Manufacturer to State level conveyance utilizes a business model focused on providing unique trade channels for many of the world’s leading & emerging alcohol beverage brands. Current/historical financial information at: www.LiquorGroup.com and www.SEC.gov
CONTACT:
Liquor Group Wholesale
904-285-5885
C.J. Eiras Keynote Speaker for World Trade Conference
Jacksonville, FL – Tuesday January 15, 2013 – C.J. Eiras, CEO of Liquor Group Wholesale, Inc. (LIQR) was “tapped” as keynote speaker for conference on the future of the Alcohol Beverage industry with dignitaries and observers of the World Trade Organization.
Eiras, an industry veteran whom has been a resource for such global endeavors as the industry gauge study conducted by Allianz Global Investors entitled “Hard Liquor and Spirits Sales in the U.S.” and selected by Eric Lansky, CEO of USA Mutuals to speak at the "Invest Your Knowledge" conference for shareholders of its Vice Fund (VICEX).
The crux of the speech was focused on globalized branding and shrinking distribution channels in world markets.
Key components of the speech included:
• Potential for Global Harmonization of Alcohol Laws
• Increasing Pressures of Brand Compliance
• Brand Marketing to Create a Global Presence
• Social Media’s Effect on the Alcohol Industry
C.J. Eiras, best known for creating the Happy Vodka brand and his Innovative Distribution System utilized by Liquor Group was honored to be a part of the conference and has had very positive follow up responses from the attendees.
More about Liquor Group Wholesale, Inc.:
Liquor Group Wholesale is an emerging distributor and marketer of premium and quality branded spirits, wines and alcohol beverage products with a portfolio that includes more than 3,000 products. The company is federally licensed and operates at varying degrees in the US.
Safe Harbor Statement
This press release includes statements of our expectations, intentions, plans and beliefs that constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, related to the discussion of our business strategies and our expectations concerning future operations, margins, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. We have used words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "expects," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions, in this press release to identify forward looking statements. These forward looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward looking statements. More information about these and other factors are described under the caption "Risk Factors" in Liquor Group Wholesale's Annual Report filed with the Securities and Exchange Commission.
When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the documents incorporated by reference. New risks and uncertainties arise from time to time, and we cannot predict those events or how they may affect us. We assume no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
LIQR
# # #
For more information on Liquor Group Wholesale, contact:
Liquor Group Wholesale, Inc.
4600 Touchton Road
Suite 1150
Jacksonville, FL 32246
Phone: 866-REACH-LG / 866-732-2454
E-mail: Press@LiquorGroup.com
www.LiquorGroup.com
Liquor Group Wholesale (LIQR) CEO C.J. Eiras to address members of the World Trade Organization about the state of the world alcohol industry in January.
Still so sad to see this stock under $10 p/s.
Can't believe what has happened to this company.
I like this company, along with FO which is now Beam.
I got my wish!
A loaded question, no doubt. I find so many similarities that it scares me. Remember after Rome came the Dark Ages...
Welcome to Rome!
Bread and Entertainment.
I am with you on that. Preaching to the choir.
SUX.
Isn't this company dead????
I still like CEDC. Will not sell until it is back on it's feet.
Just because of that article?
Solid Brass Balls...
Investing In Vodka Seems Smart
NEW YORK (CNNMoney) — Don Poffenroth spent more than 20 years watching his 401(k) eke out returns of 3% to 5%. Until, in 2007, he decided to take a bold step: He emptied out his 401(k) into a self-directed IRA and funneled all of his savings — $300,000 — into a vodka distillery.
At the time, there were only a handful of players in the business and about 40 distilleries in the country. “There was all sorts of potential there,” said Poffenroth.
Three years later, the vodka distillery, which is based in Spokane, Wash., is bringing in annual revenue of more than $1.5 million. And Poffenroth estimates that his 60% share of the company is worth about $1.2 million.
The money the distillery brings in goes directly into Poffenroth’s self-directed IRA, where he says it will sit until he retires.
Source: CNN Money
When the stock market crashed in 2008, I heard from so many people that they lost their life savings. Now you have to be smart with your money. Do you put a little bit into Apple even though iit’s high right now? Is it still a good buy? I say investing in Vodka is never too late. As more and more people lose jobs, they end up drinking more. Why not invest in that, right?
As I have said before, Dr. Frost uses this company as his play toy.
I am down nearly 40% on this play, I hope it recovers but I don't watch it daily.
I still love this company, it is worth more than what it is trading for, I am in at these lower levels to average down and hope for a re stabilization.
Yep. Very common among small caps.
It is very sad...
Liquor Group Adds a Large Wine Portfolio
August 4, 2011 – Jacksonville, FL – Liquor Group Wholesale (Publicly Traded: LIQR) announced today the addition of a large wine portfolio to their ever growing list of products represented to a distribution channel in 33 US States. Some of the more than 30 wine brands added include a variety of products under the well known lines including:
Bad Fish ®
Dame Rouge ®
Fruit Machine ® - Windsor Vineyards
Hat Dog ® - Casas Patronales
Merveilleux Stars ®
Parrillada Classic ® - Domaine Vistalba
Portrait Series ® - Bodegas y Vinedos Lanzarini
Water Color ® - Les Domaines Paul Mas
Vintellect ®
These mid range to higher priced top quality products are expected to sell well in tandem with the existing wine lines already under distribution management by Liquor Group.
Hope you recover well.
How about a $6.53 believer?
Crazy market today huh?
Good show old chap.
Good show old chap.
WOW, I GET BACK FROM VACATION AND BOY HAVE THINGS CHANGED...
I am still a $10 believer.
Hope you remember how long ago I called that...
That sux.
Yes, I agree ROX has so much more potential, but their management is all a group of yes men for Dr. Frost.
I wish you well on this one, but it does not look good.
Not sure why they can't do more, expand brands ect.
TA says 380+ but that includes the 1 share holders from the split.
Price still sitting there, so no worries yet.
How many months has it been so far? When does our bet end?
Still solid at a $10 value in my book.
Sounds like they want to move to pinks...
Keep playin...
No. They are a small independent brand.
Screwing the shareholders? More than 85% voted to approve the reverse split, so who got screwed?
Sounds like sour grapes to me.
You must be investing in DSCAM again, which is pathetic since it is less than a penny and will have to reverse again very soon.