Brunton Vineyards Signs Letter of Intent to Acquire Bellisimo Vineyard.SAN FRANCISCO -- Brunton Vineyards, Inc, a division of Brunton Vineyards Holdings, Inc (Pink Sheets:BVYH) announced today it has signed a letter of intent to acquire 100 percent of the assets and operations of 150 acre, Napa-based vineyard, Bellisimo Vineyard, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Terms of the deal, which is expected to close in the second quarter, are at an agreed, $16 million all cash transaction. The Bellisimo Vineyard property is one of the more prestigious properties in Napa, located near Calistoga and produces grapes currently sold to Gallo and Ledson wineries. Wine sold from Bellisimo grapes are sold at prices over $60 per bottle by both wine companies. The 2004 Knights Valley Bellisimo 'Meritage' blend recently received the Gold Award at the 2007 San Francisco Chronicle The San Francisco Chronicle was founded in 1865 as The Daily Dramatic Chronicle by teenage brothers Charles de Young and Michael H. de Young.[2] The paper grew along with San Francisco to become the largest circulation newspaper on the West Coast of the Wine Competition. The 'Meritage' blend is a blend of 50% Cabernet and 50% Merlot. Bellisimo Vineyard can produce up to 300 tons of grapes per year which translates to approximately 17,000 cases of wine. "This acquisition has been long coming and epitomizes the type of property that we aim to have as our flagship property," according to Geno Brunton, 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 Brunton Vineyards, "acquiring a property of this stature and grape growing capability can only be a sustainable asset for our company in the long-term." Upon the closing of the transaction, Bellisimo Vineyard becomes a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Brunton Vineyards. About Brunton Vineyards. Brunton Vineyards is a owned subsidiary of Brunton Vineyards Holdings, Inc, a public company based in San Francisco, CA. The company currently has several wholly owned subsidiaries: Brunton Vineyards [with current brands - "Brunton" and "Addison Cole"], VinoVenue, LLC and Swig, Inc. Management plans to add shareholder value by increasing distribution of its wines within the US market, increasing margins on wine sales and acquiring top tier, high quality producing vineyards and wineries The following is a non-exhaustive list of vineyards and wineries from around the world.
A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Competitors to Brunton Vineyards are Constellation Brands (NYSE NYSE See: New York Stock Exchange :STZ STZ Steinbeis-Transferzentrum STZ Streptozotocin ), Scheid Vineyards (Pink Sheets:SVIN) and 360 Global Wine Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TSIX TSIX Trusted Security Information Exchange TSIX Transcription silencing inactivation of X (chromosome/dosage compensation) ). Please visit www.bruntonvineyards.com for more information. About Bellisimo Vineyard. Situated in the heart of Knights Valley, one of Napa Valley's most prestigious properties, Bellisimo Vineyard produces high quality Chardonnay, Merlot and Cabernet grapes. The vineyard sells its grapes under contract to Ledson Winery and Vineyards, Dry Creek Vineyard and E & J Gallo Winery. Forward Looking Statements Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and the federal securities laws. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the company and the statements contained herein, reference should be made to the company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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