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CANANDAIGUA WINE LEAVES AMEX TO JOIN NASDAQ

 CANANDAIGUA WINE LEAVES AMEX TO JOIN NASDAQ
 CANANDAIGUA, N.Y., May 4 /PRNewswire/ -- Canandaigua Wine Company,


Inc. (AMEX: CDG.A, CDG.B, CDGC A) today announced that it has taken steps to delist its securities from the American Stock Exchange in order to list its Class A common stock and its Class B common stock on the NASDAQ National Market System and its 7 percent convertible subordinated debentures on the NASDAQ Market System.
 The company expects to commence trading on NASDAQ on May 5 with the symbols WINEA, WINES and WINEG for its Class A stock, Class B stock, and debentures, respectively.
 Marvin Sands, chairman of the board of the company, said, "Management believes that the move to the NASDAQ/NMS system of competing market makers will result in increased visibility and sponsorship of the company's common stock, and offer our shareholders more liquidity than offered at present on the American Stock Exchange." At this time, several firms have indicated an interest in making a market in the company's common stock and debentures and the company, therefore, expects an increased number of firms issuing research and advisory reports about the company.
 Canandaigua Wine Company is the third largest wine producer in the United States. The company owns and operates 11 wineries in New York, California and South Carolina. Its principal brands are "Wild Irish Rose," "Cook's," "Cisco," "Manischewitz," "J. Roget," "Cribari," "Marcus James," "Widmer's," "Mateus," and "Dunnewood."
 -0- 5/4/92
 /CONTACT: Robert Sands of Canandaigua Wine, 716-394-7900, ext. 211/
 (CDG WINE) CO: Canandaigua Wine Company Inc. ST: New York IN: FOD SU:


TS-CK -- NY065 -- 6054 05/04/92 12:35 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:272
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