National Retail Partnership Presents
Another Major Milestone in Fresh Vine Wine's Retail Growth Strategy
Aiding POD Significance
MINNEAPOLIS, June 13,
2022 /PRNewswire/ -- Fresh Vine Wine, Inc. (NYSE
American: VINE), the premier producer of lower carb, lower sugar,
and lower calorie premium wines in the
United States, today reported having achieved another
milestone in its retail growth strategy with over 200 of Total Wine
& More's nationwide stores now stocking its Cabernet Sauvignon
and Chardonnay varietals.
Rick Nechio, President, of Fresh Vine Wine, said, "We are
excited to share that Fresh Vine Wine Cabernet Sauvignon and
Chardonnay are now available in over 200 Total Wine & More
stores as we continue to successfully implement our retail
expansion strategy. In addition, you can find our great
selling Rosé wine, which has already seen an increase in production
of over 20 times compared to a year ago, on shelves at the 31
stores where Rosé is most popular. Our Pinot Noir can also be
found in select locations, or on demand at any location at a
customer's request. This further reflects the growing demand
in the Better for You category and how FVW is quickly being
recognized as the leader in the space for the active lifestyle
consumer."
Since 1991, Total Wine & More has redefined the wine
shopping assortment experience, which today can be seen spreading
throughout the entire retailer landscape. With this partnership and
new market expansion, Fresh Vine Wine has added over 1,292 new
Points of Distribution (POD) in the last 60 days. Fresh Vine
Wine continues to expand national distribution providing consumers
premium varietals offering lower calorie, and lower carb and sugar
proposition, without compromising on taste.
About Fresh Vine Wine,
Inc.
Fresh Vine Wine, Inc. (NYSE American: VINE) is a premier
producer of lower carb, lower 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
natural and accessible premium wine 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.