Willamette Valley Vineyards, Inc. Delayed in Filing Form 10-KSB

Fri Apr 18, 2008 8:31pm EDT
 
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TURNER, Ore., April 18 /PRNewswire-FirstCall/ -- On April 15, 2008,
Willamette Valley Vineyards, Inc. (the "Company") (Nasdaq: WVVI) voluntarily
notified The Nasdaq Stock Market Inc. ("Nasdaq") that the Company would not be
able to file its Annual Report on Form 10-KSB for the year ended December 31,
2007 ("Form 10-KSB") by its due date of April 15, 2008.  The delay was caused
primarily by the Company's need to finalize certain tax provision adjustments
and related items with its independent auditors.  The Company is finalizing
its Form 10-KSB and anticipates filing early in the week of April 21, 2008.
The Company believes that filing the Form 10-KSB will bring it into compliance
with the standards for continued listing on the Nasdaq Capital Market.
    About Willamette Valley Vineyards, Inc.
    Willamette Valley Vineyards, Inc. was founded in 1983 by James Bernau.
Best known for its acclaimed Pinot Noir, the winery produces approximately
130,000 cases annually that are distributed throughout the United States,
Canada, and the Pacific Rim. Today the winery manages approximately 300 acres
of vines, which are all certified sustainable, LIVE and Salmon Safe. As
Oregon's only publicly held winery, the winery is listed on NASDAQ under the
symbol WVVI. For more information, call 800-344-9463 or visit
here.
    Safe-Harbor
    This release contains forward-looking information about Willamette Valley
Vineyards, Inc. that is intended to be covered by the safe harbor for forward-
looking statements provided by the Private Securities Litigation Reform Act of
1995.  Forward-looking statements are statements that are not historical
facts.  These statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should," "project,"
"plan," "seek," "intend," or "anticipate," or the negative thereof or
comparable terminology.  These forward-looking statements involve a number of
risks and uncertainties, which could cause actual results to differ
materially.  Additional risk factors are outlined in the Company's most recent
Annual Report on Form 10-KSB filed with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
events, or otherwise.
SOURCE  Willamette Valley Vineyards, Inc.

Jim Bernau of Willamette Valley Vineyards, Inc., +1-503-588-9463,
jimbernau@wvv.com

 

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