SOURCE: Panache Beverage, Inc.

June 17, 2014 09:30 ET

Panache Beverage and Domaine Select Announce Portfolio Import Deal

NEW YORK, NY--(Marketwired - Jun 17, 2014) - Panache Beverage, Inc. (OTCQB: WDKA), an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands is pleased to announce that it has agreed to terms with Domaine Select Wine Estates.

Domaine Select will act as the importer for Panache brands in the U.S. and will remain a New York distributor for Wódka Vodka and Alibi American Whiskey. The brands will have a featured presence in its Classic & Vintage spirits division. The alignment with Domaine Select comes as Panache continues its business restructure.

"Domaine Select will provide stability and infrastructure for our brands and our distribution partners across the country," comments Panache Beverage Interim CEO Michael Romer. "Their national team of salespeople and ambassadors, combined with exceptional industry experience, are a perfect fit for Panache as we focus on product depletions and volume growth in our key territories."

Panache Beverage and Domaine Select Wine Estates have had a business relationship since March 1, 2011 when Domaine Select became the US importer and New York Distributor for Wódka Vodka. The relationship expanded in November 2012 when Domaine Select assumed New York distribution responsibilities for Alibi American Whiskey. In 2013, Panache Beverage became its own importer and Domaine Select remained a New York distributor for both brands.

"Domaine Select has always believed in the Panache brands and its brand development strategy," explains Domaine Select Wine Estates CEO Paolo Domeneghetti. "These brands fit well in our Classic & Vintage spirits division. We're excited to be a part of this next phase of Panache's growth."

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 and Old South Shine Vodka, a rectified spirit.

For more information visit: http://www.panachespirits.com

About Domaine Select: Classic & Vintage

Founded in 1999, Domaine Select Wine Estates (DSWE) (www.domaineselect.com) is dedicated to fine wines and specialized spirits from around the world of the highest quality and which demonstrate excellence and tremendous character, particular to their origin. Assembled in early 2009, Classic & Vintage is the exclusive spirits division under the DSWE umbrella. The Classic & Vintage collection represents tremendous diversity in each category. DSWE is committed to transmitting the individuality of their producers; expressing diversity, tradition and character is the tenet of DSWE. Domaine Select Wine Estates was named 2010 Importer of the Year by FOOD & WINE Magazine.

Safe Harbor 

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.

Contact Information