The Saint James Company to Acquire Lawson's Dry Hills Wines
Jun 5, 2009 9:30:00 AM
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View Additional ProfilesSANTA MONICA, Calif., June 5 /PRNewswire-FirstCall/ -- The Saint James Company (OTC Bulletin Board: STJC) announced today that Samson Acquisition Corporation (which, as previously announced, signed an agreement to be acquired by The Saint James Company) has entered into an agreement to acquire the assets of Lawson's Dry Hills Wines, a leading producer of New Zealand wines. Consummation of this acquisition is subject to standard finance, due diligence and closing conditions that are usual and customary for transactions of this nature and magnitude.
Since its first vineyard plantings in 1980, Lawson's Dry Hills, located in the heart of New Zealand's famous Marlborough viticultural region, has come to be recognized as one of the country's finest wineries, with an emphasis on aromatic wines. Founded by Ross and Barbara Lawson, the winery produces a benchmark range of New Zealand wines, ranging from Sauvignon Blanc and Pinot Noir to its award winning Gewurztraminer. The winery is also recognized as one of the founders and leaders of the screw-cap revolution to improve wine storage quality, and has a simple and straightforward philosophy "to produce Marlborough wines of great character at a fair price." Lawson's Dry Hills is a member of the prestigious Family of Twelve group of New Zealand's leading family wineries.
Richard Hurst, on behalf of The Saint James Company, said, "New Zealand wines are growing rapidly in markets around the world, and Lawson's Dry Hills is a well-known global exporter of high quality wines, representing everything that the wine drinking public enjoys in great New Zealand wines. The Lawson family has built a top-tier winery that delivers consistent award-winning wines that wine novices and connoisseurs alike can enjoy. We wholeheartedly embrace the winery's philosophy, and look forward to working with their professional team in continuing to produce wines of great character."
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 of 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.
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
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for The Saint James Company
