2020 Vintage Sold Out, Production for New 2021 Vintage
increased by 21X (2100%)
MINNEAPOLIS, March 15, 2022 /PRNewswire/ -- Fresh Vine Wine,
Inc. (NYSE American: VINE), the premier producer of low carb, low
calorie premium wines in the United States, today announced
they are now bottling the 2021 Vintage of its "Better For
You" Rosé Wine. Because of its popularity (the 2020
Vintage completely sold out within the first few months of
availability), FVW is bottling 21 times more 2021 vintage Rose'
than was bottled for the 2020 vintage. The new vintage is now
available for pre-order and slated to be on store shelves by
April 1, just in time for Rose's peak
sales season.
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Janelle Anderson, CEO of Fresh
Vine Wine, Inc., said, "Because of the tremendous success of our
2020 Vintage, we have expedited the bottling of a new, 2021 Vintage
of our extremely popular Rosé Wine. The new vintage maintains the
same taste of fresh flavors of nectarine, stone fruit, and melon
framed wonderfully with a bit of mouth-watering acidity as our 2020
Vintage. Our Rosé Wine is a delightful blend of Pinot Grigio
and Pinot Noir grapes grown exclusively for Fresh Vine Wines,
whole-cluster pressed then fermented and aged in stainless steel.
Our Rosé Wine is especially popular in the summer months, when it
offers a refreshing choice while remaining low in carbohydrates,
sugar, and calories. Production for the 2021 Vintage will be almost
21 times greater than the 2020 Vintage to accommodate the growth
anticipated in the expanded markets and geographies recently
announced. . We want to assure that our Rose' can be enjoyed
by its growing devotees whenever the occasion arises."
Fresh Vine Wines' premium Cabernet, Chardonay and other
varietals also remain extremely popular and are now available in a
growing number of locations nationwide, as well as
direct-to-consumer on the Company's website. FVW's unique
collection of bold, crisp, and creamy wines embody a deeper
connection with today's active lifestyles. Fresh Vine Wine's
premium wines offer an affordable, premium wine with superior taste
while being "Better for You," among the fastest growing beverage
categories in the market.
About Fresh Vine Wine, Inc.
Fresh Vine Wine, Inc.
(NYSE American: VINE) is a premier producer of low carb, low
calorie premium wines in the United States, kicking off a 2022
growth plan following its IPO in mid-December 2021. Fresh Vine Wine's brand vision
is to lead the emerging "Better For You" category, as health trends
continue to accelerate in the US marketplace. The 2020 US wine
market was a $69B category. Fresh
Vine Wine plans to accelerate growth in 2022 by amplifying its
marketing, expanding product offerings and expanding its team.
Fresh Vine Wine positions its core brand lineup as an affordable
luxury, retailing between $14.99-$22.99.
Fresh Vine Wine's varietals currently include its Cabernet
Sauvignon, Chardonnay, Pinot Noir, and Rosé.
Forward-Looking Statements
This press release includes
forward-looking statements. These forward-looking statements
generally can be identified by the use of words such as
"anticipate," "expect," "plan," "could," "may," "will," "believe,"
"estimate," "forecast," "goal," "project," and other words of
similar meaning. These forward-looking statements address various
matters including statements regarding the timing or nature of
future operating or financial performance or other events. Each
forward-looking statement contained in this press release is
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statement. Applicable risks and uncertainties include, among
others, the Company's ability to hire additional personnel and to
manage the growth of its business; the Company's reliance on its
brand name, reputation and product quality; the Company's ability
to adequately address increased demands that may be placed on its
management, operational and production capabilities; the
effectiveness of the Company's advertising and promotional
activities and investments; the Company's reliance on celebrities
to endorse its wines and market its brand; general competitive
conditions; fluctuations in consumer demand for wine; overall
decline in the health of the economy and consumer discretionary
spending; the occurrence of adverse weather events, natural
disasters, public health emergencies, or other unforeseen
circumstances that may cause delays to or interruptions in the
Company's operations; risks associated with disruptions in the
Company's supply chain for grapes and raw and processed materials;
the impact of COVID-19 and its variants on the Company's customers,
suppliers, business operations and financial results; disrupted or
delayed service by the distributors the Company relies on for the
distribution of its wines; the Company's ability to successfully
execute its growth strategy; the Company's success in retaining or
recruiting, or changes required in, its officers, key employees or
directors; the Company's ability to protect its trademarks and
other intellectual property rights; the Company's ability to comply
with laws and regulations affecting its business, including those
relating to the manufacture, sale and distribution of wine; claims,
demands and lawsuits to which the Company may be subject and the
risk that its insurance or indemnities coverage may not be
sufficient; the Company's ability to operate, update or implement
its IT systems; the Company's ability to successfully pursue
strategic acquisitions and integrate acquired businesses; the
Company's potential ability to obtain additional financing when and
if needed; the Company's founders' significant influence over the
Company; and the risks identified in the Company's other filings
with the SEC. The Company cautions investors not to place
considerable reliance on the forward-looking statements contained
in this press release. You are encouraged to read the Company's
filings with the SEC, available at www.sec.gov, for a
discussion of these and other risks and uncertainties. The
forward-looking statements in this press release speak only as of
the date of this document, and the Company undertakes no obligation
to update or revise any of these statements. The Company's business
is subject to substantial risks and uncertainties, including those
referenced above. Investors, potential investors, and others should
give careful consideration to these risks and uncertainties.
Contact: freshvinewine@jonesworks.com
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SOURCE Fresh Vine Wine, Inc.