Fresh Vine Wine’s Premium Collection Now Available Across Pacific Northwest
August 30 2022 - 9:00AM
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 Cabernet Sauvignon,
Chardonnay, Pinot Noir and Rosé varietals are all available
immediately in Alaska, Oregon and Washington, the latest step as it
continues to expand availability.
“Our expansion across the Pacific Northwest
delivers our premium wines to an ideal audience of health-conscious
consumers,” said Rick Nechio, Interim Chief Executive Officer at
Fresh Vine Wines. “This outdoor lover’s paradise offers everything
from sandy beaches to snowy mountains to national parks, attracting
an extensive community of outdoor adventurers and others committed
to an active lifestyle. We’re especially excited to reach Alaska as
we work to further expand availability of our exceptional tasting
lower carb, lower sugar and lower calorie wines.”
Fresh Vine Wine’s varietals are now available in
the following stores:
Washington: Total Wine & More,
IGA and via GoPuff/BevMoOregon: IGA and via
the GoPuff AppAlaska: IGA
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 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, 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.
Fresh Vine Wine (AMEX:VINE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Fresh Vine Wine (AMEX:VINE)
Historical Stock Chart
From Jul 2023 to Jul 2024