360 Global Completes the Purchase of Viansa Winery.NAPA, Calif. -- 360 Global Wine Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TGWC) announced today the completion of the acquisition of Sonoma County-based Viansa Winery and Italian Marketplace for a purchase price of $31 million. Financing was provided by Laurus Master Fund, Ltd. in the form of a $34.5 million convertible 3-year-term loan with an interest rate of 200 basis points above the prime rate. Joel Shapiro Joel Shapiro (born 1941 New York City, New York) is an American sculptor renown for his dynamic work composed of simple rectangular shapes. He received a B.A. in 1964 and a M.A. in 1969 from New York University. Shapiro lives and works in New York City. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 360, commented, "We are very pleased to welcome Viansa to our growing family of wineries. The acquisition positions 360 with major facilities in both Napa and Sonoma Counties in California The U.S. state of California is divided into fifty-eight counties. Counties are responsible for all elections, property-tax collection, maintenance of public records such as deeds, and local-level courts within their borders, as well as providing law enforcement (through the county and provides important synergies with our existing underutilized Napa facility. Viansa's proven marketing skills will greatly enhance the value of our geographically well-positioned Kirkland Ranch facility by generating increased tourism and direct retail sales. In addition, the optimization of wine production and the more efficient use of our G&A staff will provide additional benefits to 360. Jon Sebastiani (34), who was named president of 360 Global Wine Company earlier this month, "will be responsible for the successful integration of the two businesses," said Shapiro. ABOUT VIANSA WINERY AND ITALIAN MARKETPLACE Founded in 1989 by Sam and Vicki Sebastiani, Viansa Winery & Italian Marketplace is a destination winery in the Carneros grape-growing region at the entrance to the Sonoma Valley Sonoma Valley is the birthplace of the California wine industry and often called The Valley of the Moon. Sonoma Valley is home to some of the earliest vineyards and wineries in the state, some of which survived the phylloxera epidemic of the 1870s and the impact of Wine Country. The winery is the premier producer of Italian varietals in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with a 175-acre estate featuring a tile-roofed Tuscan Villa resting on a hilltop surrounded by olive trees and vineyards, and a 90-acre waterfowl waterfowl, common term for members of the order Anseriformes, wild, aquatic, typically freshwater birds including ducks, geese, and screamers. In Great Britain the term is also used to designate species kept for ornamental purposes on private lakes or ponds, while in preserve. Viansa produces over 55,000 cases of wine annually, with a selection that includes 12 different Italian varietals and 11 California varietals. ABOUT 360 GLOBAL WINE COMPANY 360 Global Wine Company is an international wine producer and exporter as well as a marketer of fine wine brands. The company's outstanding portfolio of wine brands includes Guy Buffet Cellars, Kirkland Ranch Estate, Jamieson Canyon, Los Colorados, Melbourne Park For the Jamaican cricket ground, see . Melbourne Park is a sporting arena in Melbourne, Victoria, Australia. It is located by the Yarra River near the southeast corner of the central business district. , and Viansa. In addition, the company plans to introduce an array of wine brands in conjunction with renowned artists and other individuals such as The Andy Warhol Foundation. Combining its portfolio of distinctive wine brands, solid retail distribution and direct-to-consumer experience with a top-notch team of industry professionals, 360 Global Wine Company is poised for significant and continued growth. |
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