February 14, 2012 07:30 ET

Panache Beverages (WDKA) Presence Solid in the State of Florida

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - Feb 14, 2012) - Panache Beverage, Inc. (OTCQB: WDKA) (PINKSHEETS: WDKA), an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands, announced yesterday that they have surpassed 1,000 locations in the state of Florida and is now available at over 700 bars and 300 liquor and grocery stores.

Wodka has earned 90 out of 100 points by The Beverage Tasting Institute and is in an area of spirits which is still growing. While nearly every major spirits category in the U.S. market lost momentum in the past few years, imported vodka has been a notable exception. Imported vodka's performance actually improved in 2008, 2009 and 2010, advancing by nearly 3 million cases in that period.

Panache has received a 12 month target price of $2.67 from Wall Street Resources, Inc. Highlights of the Company's success include a sale of their 42 Below brand to Bacardi for $91 million.

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