SOURCE: Destilerma Serrallis Inc.

June 06, 2007 19:49 ET

President and CEO of Serrallés Distillery in Puerto Rico to Be National Grand Marshall of the 50th Annual National Puerto Rican Day Parade

NEW YORK, NY--(Marketwire - June 6, 2007) - Don Félix Juan Serrallés, Jr. is being honored as the National Grand Marshall of the 50th Annual National Puerto Rican Day Parade on June 10th in New York City. Serrallés has been the President and CEO of Destilería Serrallés Inc. since 1981, and is the great grandson of its founder, Don Juan Serrallés.

The National Puerto Rican Day Parade, Inc., a nonprofit 501 (c) (3) corporation was established in 1995 to create national awareness and appreciation of Puerto Rican culture and its contribution to the culture and society of the United States.

The parade begins at 11:00 am on Sunday, June 10th and will march along Fifth Avenue in New York City, from 44th Street to 86th Street. The parade, which started in 1958, is one of the largest outdoor events in the country and is the largest parade in New York City, with more than 2 million spectators and over 100,000 participants and more than 100 corporate sponsors, many of them Fortune 500 companies. The weekend of the parade, from Friday to Sunday, hotel occupancy reaches 100% in the midtown area and according to the Mayor's office generates over $23 million in economic activity for the city. This year's highlights include singer Ricky Martin as the Parade's King and live performances by Daddy Yankee who will be featured on the MTV Tr3s float.

Honoree Don Félix Juan Serrallés, Jr. will appear in a chauffeured 1965 silver Pontiac Bonneville Convertible with his wife, Mrs. Daiana Serralles. They will be followed by a New York-based group comprised of 30 traditional dancers and musicians from Ponce, called 'Pleneros de la 21', and a Don Q Float that will feature a "live" Don Quixote" representing the brand's logo/emblem on a "model" horse.

Mr. Serrallés is a graduate of MIT and has been credited with the successful growth of Don Q rum, the development of new product lines, the expansion of the distribution and manufacturing capacities and the overall sales growth of the company. Destilería Serrallés Inc. is one of Puerto Rico's largest industrial and marketing enterprises with annual sales surpassing $100 million.

The following Don Q brands are distributed in the United States: Don Q® Cristal, Don Q® Gold, Don Q® Añejo and Don Q® Limon.

Rum is the fastest growing spirit in the U.S., experiencing a 23 percent growth between 2005 and 2006. By law all Puerto Rican rum must be aged a minimum of one year in charred white oak casks, which produces a smoother tasting, finer rum. Light and amber rums are ideal for mixing in cocktails, while darker "añejo" rums can be sipped like a fine cognac. Based on a 2006 Adams Report, in 2005 more than 15 million cases, or 70% of all rum sold in the continental U.S. came from Puerto Rico. For more information on Rums of Puerto Rico please visit www.rumcapital.com.

Mr. Serrallés is a former Board Member of Banco Popular and is actively involved in the community in Puerto Rico, supporting local sports teams and non-for-profit and cultural organizations such as MDA, Rotary, Ser de Puerto Rico and the Ponce Art Museum. In 2000, Destilería Serrallés Inc. purchased the Ponce Hilton Hotel and started a development project now called Costa Caribe Resort in Ponce, a Residential Hotel and Golf Resort.

Don Félix Juan Serrallés, Jr. is continuing to build on his ancestor's vision, combining strong values with the most advanced technology ensuring the Serrallés family traditions continue to grow for generations to come.

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