Fresh Vine Wine Premium Tasting, Lower Sugar Wines Now Available in Hawaii
August 23 2022 - 10:00AM
Fresh Vine Wine, Inc. (NYSE American: VINE), the leading producer
of lower carb, lower sugar, and lower calorie premium wines in the
United States, today announced that its wine varietals are now
available in the state of Hawaii. Fresh Vine Wine’s Cabernet
Sauvignon, Chardonnay, Pinot Noir and Rosé varietals are available
immediately, with its Sauvignon Blanc and Brut Rose Sparkling
varietals to follow shortly.
Fresh Vine Wine’s varietals are being
distributed in Hawaii through Southern Glazer's Wine and Spirits,
the premier beverage distributor for wines, spirits, beer, CBD and
non-alcoholic products in the U.S. and Canada.
“We are extremely pleased to be bringing Fresh
Vine Wine’s premium varietals to Hawaii,” said Rick Nechio, Interim
Chief Executive Officer. “Not only is this another key step in
solidifying our distribution across the country, but Hawaii
represents an ideal market for us, expanding our brand into a
market with high-end tourism, luxury resorts and an active,
health-conscious lifestyle. Our premium lower carb, lower sugar,
and lower calorie wines will be a popular choice found at resorts,
restaurants, grocery, and liquor stores throughout the
Islands.”
Fresh Vine Wine's vision is
to be the leading "Better For You" brand in this fast-emerging
category, capitalizing on the trend toward healthy living that is
sweeping the food and beverage industry. Fresh Vine Wine's strategy
is to accelerate growth in 2022 by amplifying its product
offerings, actively growing distribution, educating consumers and
retailers on our product line, and focusing on in-market retail
execution and in-store samplings. Fresh Vine Wine will continue to
position its core brand lineup as an affordable luxury,
between $14.99-$24.99. Sauvignon Blanc and Brut Rose Sparkling
are Fresh Vine Wine's latest new varietals into the premium wine
market.
Press contact – FreshVineWine@jonesworks.comIR
contact – Joeh@gregoryfca.com
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 $69 billion 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-$24.99. Fresh Vine Wine's varietals currently
include its Cabernet Sauvignon, Chardonnay, Pinot Noir, and
Rosé. Forward-Looking StatementsThis 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, our ability to achieve positive cash flow from our
operations on our anticipated timeframes or at all; the inclusion
of the Company’s wines in Fall resets of four national, big box
grocery retailers and the impact of such inclusion of the Company’s
operating results; 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 are or 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.
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