Liquor Group Wholesale Purchases Full Service Alcohol Brokerage in Iowa

Wed Nov 4, 2009 9:00am EST
 
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DES MOINES, Iowa--(Business Wire)--
Pursuant to plans outlined at the annual shareholder meeting, Liquor Group
Wholesale (OTCBB:LIQR) has made two acquisitions since their expansion plan
ratified August 31, 2009. Iowa Alcohol Beverage Division creates 2% of the
State`s budget ($104M+ 2009FY), and Liquor Group is now poised for this
opportunity. Liquor Group Iowa is by industry estimates the third largest
brokerage by number of brands in Iowa, representing of major brand portfolios
including: Pravda Vodka, Bartender Brands, Domaine De Canton and Happy products.


This acquisition is the first to become a "division" of Liquor Group Wholesale
from day one, adding asset value and income to the operation immediately. A
5-year share vesting program underwritten by VIGOR Holding Company, a major
shareholder in LIQR secured the deal. "We made good on our commitment to
shareholders…" says Steven Dodge, VP of Control State Operations, "…one
down…seventeen more to go!" referring to privately-owned brokerage operations
related to Liquor Group slated to be purchased by the company. 

About Liquor Group Wholesale

Liquor Group Wholesale is an emerging liquor and wine distribution company
representing more than 1800 spirits and wine products with operations in 32 US
States, focused on providing a distribution channel for Mid-Market, Nationally
and Internationally recognized alcohol beverage products. Operations consist of
the conveyance of goods from manufacturer to state level distributor, with focus
on consolidation of distribution operations from concept to purveyor. 

Safe Harbor

Except for the historical information contained herein, the matters set forth in
this press release, including the description of the company and its product
offerings, are forward-looking statements within the meaning of the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that may cause
actual results to differ materially, including the historical volatility and low
trading volume of our stock, the risk and uncertainties inherent in the early
stages of growth companies, the company's need to raise substantial additional
capital to proceed with its business, risks associated with competitors, and
other risks detailed from time to time in the company's most recent filings with
the Securities and Exchange Commission. These forward-looking statements speak
only as of the date hereof. The company disclaims any intent or obligation to
update these forward-looking statements.

Liquor Group Wholesale
Jason Bandy, 904-285-5885 

Copyright Business Wire 2009

 

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