The Saint James Company to Acquire Waimea Estates Wines
May 14, 2009 9:30:00 AM
Email Story Discuss on ZenoBank
View Additional ProfilesSANTA MONICA, Calif., May 14 /PRNewswire-FirstCall/ -- The Saint James Company (OTC Bulletin Board: STJC.OB), announced today that Samson Acquisition Company (which, as previously announced, signed an agreement to be acquired by The Saint James Company) has entered into an agreement to acquire the capital stock of Waimea Estates, a leading producer of New Zealand wines. Consummation of these acquisitions is subject to standard finance, diligence, and closing conditions that are usual and customary for transactions of this nature and magnitude.
Founded in 1993, Waimea Estates, located in the scenic Nelson region of New Zealand, is an award-winning family winery founded by Trevor and Robyn Bolitho. It is one of the largest vineyard and winery operations in the region, and has built an extensive award-winning portfolio of wines.
Richard Hurst on behalf of The Saint James Company, said, "New Zealand wines are growing rapidly in markets around the world, and, as an export leader in more than twenty markets, and with easy access to the port in Nelson, Waimea Estates is an excellent choice to be the hub for our portfolio of New Zealand wineries and vineyards. The Bolitho family has built a regional and global reputation as a commercial producer that delivers high quality wines representing a broad range of flavors typical of the qualities that the Nelson viticultural region has become known for. We are very excited to begin working with the Bolitho family and the Waimea Estates management team, who are known for both their professionalism and their deep passion for wine, which also extends to their renowned Cafe in the Vineyard restaurant, where the staff serve carefully chosen food and wine pairings."
About The Saint James Company
The Saint James Company is a US public company, which specializes in the acquisition and distribution of New World wines, and has recently signed agreements for the acquisition of wineries and wine brands in New Zealand and the rights to Olivia Newton John's Koala Blue wine brand in North America, as well as a Letter of Intent to acquire a winery in Australia. For further information, visit the Company's website at www.thesaintjamescompany.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.
SOURCE The Saint James Company
----------------------------------------------
Samson Investment Company for The Saint James Company
+1-818-880-5285
fax +1-818-880-4140
info@samsoninvestmentcompany.com
