Brunton Vineyards Receives Letter of Intent from Zhejiang Ouhai International Trade Corporation for Distribution of Its Wines in China.
And Becomes a Substantial Supplier of California Wines to China and Capitalizes on the Increasing Trend of China's Increasing Consumption of Fine Wine, Especially California Wine
SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Brunton Vineyards, Inc., a division of Brunton Vineyards Holdings, Inc. (Pink Sheets:BVYH) announces that it has received a Letter of Intent from Zhejiang Ouhai International Trade Corporation (ZOITC) for the distribution and delivery of a minimum of 1,200 containers per year of the company's wine brand, Addison Cole. The proposed transaction translates to approximately 1,000,000 cases of wine for the year, with an approximate annual contract value of $80,000,000. The first purchase order is scheduled to be received by mid to late April 2007, once details are finalized pertaining to label design and compliance specific to the Chinese market.
ZOITC has requested a wide spread of wine varietals which will include a variety of the company's wines beginning with the Addison Cole brand - Merlot, Cabernet Sauvignon Cab·er·net Sauvignon
1. A variety of black grape used to make red wine, notably in Bordeaux and the Napa Valley.
2. A dry red wine made from this grape.
[French. , Zinfandel, and Chardonnay, with several other varietals such as Syrah, Pinot Noir, Pinot Grigio and Brunello as possibilities later on. President of Brunton Vineyards, Brian McGonigle, comments, "We were told that there are approximately 400 million wine drinkers in China, making it one of the largest wine markets in the world. We see this transaction as the beginning of a long relationship with the people of China and we welcome the opportunity to share our passion for making great wine with those who appreciate and enjoy drinking great wine. We are honored that Ms. Sun and her company has selected Brunton Vineyards as a key import partner for the distribution of California wines to China."
Sherry Sun (Qui Zhi Sun), of Zhejiang Ouhai International Trade Corporation, comments, "After looking at many California wine companies and tasting their wines, we felt that Brunton Vineyards was the right partner for fulfillment of our needs to import and distribute wine in China. We tasted their wines and found them to be of superior quality, competitively priced, and with taste profiles that fit the needs of the Chinese wine Jiu (Chinese: ; Pinyin: jiǔ) is the Chinese word that refers to all alcoholic beverages. consumer." Zhejiang Ouhai International Trade Corporation will distribute wine from Brunton Vineyards to locations in Beijing, Shanghai and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Sherry Sun is also currently the Chief Representative and Trustee in the Beijing office for The American Academy of Hospitality Sciences This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of .
Commenting on his company's distribution of wine to China, Geno Brunton, Chairman / 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. , stated, "I have been deeply involved in Chinese culture for many years of my life and feel that my affinity and connection with the people of China has come full circle. We are grateful to have this opportunity to serve our friends in China and cultivate a long standing relationship with the people of such a great nation as they welcome our wines from California."
About Brunton Vineyards
Brunton Vineyards is a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Brunton Vineyards Holdings, Inc., a public company based in San Francisco, CA, trading under the symbol BVYH. The company currently has several wholly owned subsidiaries: Brunton Vineyards (with current brands - "Brunton" and "Addison Cole"), VinoVenue, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control and Swig, Inc. Management plans to add shareholder value by increasing distribution of its products within the US and global markets, expanding the VinoVenue retail concept through domestic and international company owned expansion and licensing agreements, including the acquisition of top tier, high quality producing vineyards, wineries and wine brands. Competitors to Brunton Vineyards are Constellation Brands (NYSE NYSE
See: New York Stock Exchange :STZ STZ Steinbeis-Transferzentrum
STZ Streptozotocin ), Scheid Vineyards (pinksheets:SVIN.PK) and 360 Global Wine Company (OTC OTC
See over-the-counter market (OTC). BB:TSIX TSIX Trusted Security Information Exchange
TSIX Transcription silencing inactivation of X (chromosome/dosage compensation) .OB). Please visit www.bruntonvineyards.com for more information.
About Zhejiang Ouhai International Trade Corporation
Zhejiang Ouhai International Trade Corporation (ZOITC) was established in 1985, a state-owned enterprise, located in Wenzhou City. The company specializes in import and export trade. During the past 2006, ZOITC made export sales of USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $200million.
Zhejiang Ouhai International Trade Corporation also has more than 20 years experience in the auto parts field with strong product lines of electric fuel pumps, fuel pump strainers Water lines or kitchen systems can get gravel, deposits that break free, and other stray items in the line. The velocity of the water pushing them, they can severely damage or clog devices installed in the flow stream of the water line. , window motors, auto door lock actuators, starters, alternators and its components, ignition coils, Al Radiators and more. The company operates this division under the name Cosun Auto Parts, Ltd, with facilities of 11,000 square feet with more than 300 employees and products in more than 40 countries.
Forward Looking Statements
This press release contains forward-looking statements regarding the future results and performance of Brunton Vineyards Holdings, Inc. and Brunton Vineyards, Inc, including statements regarding returning to growth and profitability, increasing share and improving market position. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release may involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. Factors that could have a material and adverse impact on actual results are described in the Company's annual report on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. filed with the Securities and Exchange Commission under the heading "Risk Factors." The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.