Brunton Vineyards Holdings, Inc (BVYH) announces that it has received an order from Caribbean Traders, Ltd, a division of Nella’s Food World, Ltd for the distribution and delivery of a minimum of 108,000 cases during the next year of the company’s wine brands, "Addison Cole" and "Brunton Vineyards" with opportunity for distribution of other brands the company may either acquire or become a distributor for. The transaction translates to an approximate annual contract value of $17,676,000 or $163 per case average. The first shipment of the order is scheduled to be shipped by late October 2008, in preparation for the Christmas season.
Brunton Vineyards has sold Caribbean Traders a wide spread of wine varietals which includes a variety of the company’s wines beginning with the "Addison Cole" and "Brunton Vineyards" brands - Merlot, Cabernet Sauvignon, Zinfandel, and Chardonnay.
President of Nella’s Food World, Ms. Nella Samlal comments, “Upon making the decision to distribute California wines to our growing customer base, we selected Brunton Vineyards based on our assessment of their ability to consistently fulfill the needs of our retail customers, who are looking for good and reliable quality wine. Having tasted their wines we found them to be of fine quality, well priced, and with taste profiles that fit the needs of the Caribbean wine consumer”. Caribbean Traders will distribute wine from Brunton Vineyards to retail locations throughout the Caribbean.
Giving comment on his company’s growing international distribution and that of its recent contract for wine supply to the Caribbean, Geno Brunton, CEO of Brunton Vineyards stated “We would like to thank Caribbean Traders for their selection of Brunton Vineyards as their partner of choice for fulfilling their wine product needs and that of their customers.”
About Brunton Vineyards
Brunton Vineyards Holdings, Inc, a public company trading under the symbol BVYH. The company currently has several wholly owned subsidiaries: Brunton Vineyards [with current brands – “Brunton” and “Addison Cole”], VinoVenue, LLC and Swig, Inc. Management continues to add shareholder value by increasing distribution of its products within the US and global markets, expanding the VinoVenue retail concept through domestic and international company owned expansion and licensing agreements, including the acquisition of top tier, high quality producing vineyards, wineries, wine brands and wine retail outlets.
About Caribbean Traders and Nella’s Food World, Ltd
Caribbean Traders (caribbean-traders.com) is a division of Nella’s Food World, Ltd which was established in 1995, located in San Juan, Trinidad with distribution operations throughout the Caribbean. The company specializes in import and export trade of food and beverage products. In 2007 Caribbean Traders & Nella’s Food World effectively handled import / export trade of over USD$120 million on behalf of its clients. The company operates its retail division under the name Caribbean Traders, Ltd, with product distribution between the United States, China, the Caribbean and Canadian markets.
Forward Looking Statements
This press release contains forward-looking statements regarding the future results and performance of Brunton Vineyards Holdings, Inc. and Brunton Vineyards, Inc, including statements regarding returning to growth and profitability, increasing share and improving market position. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release may involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. Factors that could have a material and adverse impact on actual results are described in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission under the heading "Risk Factors." The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.