Access Beverage Negotiates $20-Million Wine and Spirits Deal for Mass Distribution to Chinese Market
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SANTA ANA, Calif.--(BUSINESS WIRE)--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., (www.accessbeverage.com ) 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.
