Truett-Hurst, Inc. Announces Commencement Of Initial Public Offering

Wed Apr 3, 2013 9:15am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130403:nPnSF87939




HEALDSBURG, Calif.,  April 3, 2013  /PRNewswire/ -- Truett-Hurst, Inc.
("Truett") today announced that it has commenced an initial public offering of
2,902,557 shares its Class A common stock pursuant to a registration statement
on Form S-1 filed with the Securities and Exchange Commission (the
"Commission").  Truett is offering 2,250,000 shares of Class A common stock and
certain named selling stockholders are offering 652,557 shares. The estimated
price range for the initial public offering is  $11.00 to $15.00  per share. 
Truett has been approved to list its common stock on the Nasdaq Capital Market,
subject to official notice of issuance, under the symbol "THST."

(Logo:  http://photos.prnewswire.com/prnh/20130403/SF87939LOGO)  

Truett intends to use the net proceeds from the offering to pay down amounts
owed under its credit facility, for working capital, capital expenditures,
hiring additional personnel and for general corporate purposes.  Truett will not
receive any proceeds from the sale of shares by the selling stockholders.

W.R. Hambrecht  + Co., LLC is leading the offering, which is being made through
its OpenIPO auction-based process that opens participation to all investors. 
CSCA Capital Advisors, LLC and Sidoti & Company, LLC are serving as co-managers
for the offering.

The registration statement on Form S-1 relating to these securities has been
filed with the Commission but has not yet become effective.  These securities
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective.  Copies of the registration statement
can be accessed through the Commission's website at  www.sec.gov. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

The offering will be made only by means of a prospectus. Copies of the
preliminary prospectus related to the offering may be obtained from WR Hambrecht
+ Co at (415) 551-8606 or by email at  ssmith@wrhambrecht.com.

About Truett-Hurst, Inc.

Truett is an innovative and fast-growing super-premium and ultra-premium wine
sales, marketing and production company based in the acclaimed Dry Creek and
Russian  River Valleys  of  Sonoma County, California. Truett is recognized for
their work in private label development and Truett-Hurst, VML,  Bradford
Mountain, and Healdsburg Ranches brands.   Truett is an "emerging growth
company" as defined in the JOBS Act and following the public offering, will take
advantage of certain exemptions from various reporting requirements applicable
to other public companies.  Truett is headquartered in  Healdsburg, California

Forward-Looking Statements

This press release contains forward-looking statements, which are subject to
substantial risks, uncertainties and assumptions. You should not place reliance
on these statements.  Forward-looking statements include information concerning
the proposed offering.  These statements often include words such as "believe,"
"expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or
similar expressions.  Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that we will
effect an initial public offering or the terms upon which we will consummate the
offering. Accordingly, you should not place undue reliance on these
forward-looking statements. All such statements speak only as of the date made,
and we undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.

Contact:   Lee Hodo
Lee_hodo@att.net
707-332-0857









SOURCE  Truett-Hurst, Inc.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.