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Sunday, December 02, 2012 10:16:54 AM
Fiscal 2012 Financial Highlights:
-- Inventory increased by 328% to $992,648 from $302,906 in 2011
With the opening of the Beijing "CGI" Retail Shop in September 2012, the company now has over 300 unique wines to offer consumers.
The retail shop will be very busy in the coming weeks and months as the purchasing managers begin to make selections for the upcoming seasons and the reservation requests for VIP tasting events have already begun.
"We have come a long way over the past few months and
now that the operation is fully deployed, we can focus on the execution and success of what has been established!"
"CGI" has been very selective regarding the immediate venue sales and placements thus far in Beijing. "CGI" currently has 6 direct venue locations established.
The month of April accounted for over $100,000.00 in sales and we are excited about the increase in sales the Retail Location is projected to produce.
The AGS “REF” program is a long term strategic financing partnership that places “CGI” in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. “CGI” has the discretion to periodically sell common shares when the prices are attractive to do so. “CGI” decides when the funds are raised and how the funds are utilized. Having AGS Capital Group, LLC as a long-term partner reduces financing uncertainty, so we can better focus on achieving our business objectives.
- Jeffrey Crittenden CEO California Grapes International, Inc.
where has all this put shareholders, really
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