SOURCE: Panache Beverage, Inc.
NEW YORK, NY--(Marketwired - Mar 21, 2014) - Glazer's Inc., one of the largest alcoholic beverage distributors in the country, will be bringing Wódka Vodka (OTCQB: WDKA) and Alibi American Whiskey to 12 states, opening 9 new U.S. markets for both brands.
Panache Beverage Inc., which owns Wódka and Alibi, is putting a focus on growing their presence in key states like Illinois and Texas as well as broadening their footprint within the nation's center.
"We want to continue to make the right strategic partnerships to rapidly grow the Panache Beverage business," noted James Dale, CEO of Panache Beverage, Inc. "Glazer's approach is an innovative and progressive one that suits both emerging and established brands in our portfolio."
"We are pleased to be working with the Panache team, and look forward to the growth opportunities for Wódka and Alibi," added Mike McLaughlin, Executive Vice President of Sales and Marketing for Glazer's.
The states included in the partnership include Alabama, Arizona, Arkansas, Indiana, Illinois, Iowa, Louisiana, Mississippi, Ohio, Oklahoma, Tennessee and Texas.
"With this new deal, we'll be able to increase our sales, roll out to larger markets and grow the presence of Panache Beverage nationwide," noted Shu de Jong, Panache Beverage Inc.'s Vice President of Sales. "We're estimating about 45-60 days to pipeline product to the new states."
About Panache Beverage
Panache Beverage, Inc., based in New York, NY, is an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands. The company's expertise lies in the strategic development and aggressive early growth of its brands establishing its assets as viable and attractive acquisition candidates for the major global spirits companies. Panache intends to build its brands as individual acquisition candidates while developing, creating and expanding its portfolio via the Panache Distillery. Panache's existing portfolio consists of the brands: Wódka Vodka, Alchemia Infused Vodka, Alibi American Whiskey, Spirytus Vodka, Old South Shine Vodka in addition to the forthcoming OGB line of spirits.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to the Company's estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, risks and uncertainties detailed in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.