BEIJING, Jan. 20, 2012 /PRNewswire/ -- California Grapes
International, Inc. (OTCPink: CAGR) announces today that its
subsidiary, Beijing Jin Long Fei International Trading Co., Ltd.,
increased its wine sales over the previous year's performance at
the 16th Annual Sichuan New Year Shopping Festival in Chengdu, China. Special occasion
purchases for Chinese New Year
account for approximately 60% of Chengdu Event wine sales, while
around 20% of the purchasing is made because consumers view
the healthy qualities of red wine as important. A recent survey
suggests there are favorable business opportunities for CA vintners
in Chengdu and the Sichuan Province as the market continues to
grow and evolve.
About the 16th Annual Sichuan New Year Shopping Festival
http://www.scbolan.com/ReadNews.asp?NewsID=1452
Frank Yglesias, EVP of China
Operations, stated, "With the success of this show, our Chinese
subsidiary is in line to reach sales income of over $100,000 USD by the end of January. We will
be attending 4 more trade shows in China for this year, and we except a
tremendous success in each show."
Safe Harbor Statement
Information in this press release may contain 'forward-looking
statements.' Statements describing objectives or goals or the
Company's future plans are also forward-looking statements and are
subject to risks and uncertainties, including the financial
performance of the Company and market valuations of its stock,
which could cause actual results to differ materially from those
anticipated. Forward-looking statements in this news release are
made pursuant to the 'Safe Harbor' provisions of the United States
Private Securities Litigation Reform Act of 1995.
Contact:
California Grapes International, Inc.
Jeff Crittenden, 1-855-558-WINE
ir@cagrapes.com.com
SOURCE California Grapes International, Inc.