Marani Brands Becomes Publicly Traded Company

Completes Merger and Begins Trading Under New Stock Symbol: MRIB
LOS ANGELES--(Business Wire)--
Marani Brands Inc. (OTCBB:MRIB) today announced that it completed
the next step in building a global company focused on the importation,
sale and distribution of ultra-premium spirits and wines by
successfully consummating a merger between a wholly-owned subsidiary
of Marani Brands Inc., a public company, and Margrit Enterprises, Inc.
As a result of the merger, Margrit Enterprises became a wholly-owned
subsidiary of Marani Brands, and changed its name to Marani Spirits,
Inc. At present, all of the operations of Marani Brands will be
conducted by Marani Spirits.

Marani Brands trades in the over the counter bulletin board market
under the symbol "MRIB."

"This is a landmark day for our company. Being a public company
will enhance the visibility of our Company and our brands," said
Margrit Eyraud, Chairman, President and Chief Executive Officer of
Marani Brands. Marani Brands is well positioned to invest in its brand
development and market penetration. With financing from institutional
investors, such as, Julius Baer's Black Sea Fund, lead investor. Ms.
Eyraud went on to say, "Marani Brands represents quality, image and
authenticity. With our flagship Marani Vodka leading the way and the
backing of our new investors, the future is bright for us to build
brands that provide consumers with a meaningful difference and that
will deliver growth and value to our shareholders."

About Marani Brands Inc.

Marani Brands, Inc. is the parent company of Marani Spirits Inc.
which was founded in 2001 for the purpose of developing and building
luxury lifestyle spirit brands. The company's flagship product, Marani
premium Vodka has received numerous accolades and awards. Marani vodka
won the prestigious global Diamond Award from the American Academy of
Hospitality Sciences - winning the award in 2008. Gold Medals in 2004
and 2007 from the industry acclaimed San Francisco World Spirits
Competition round out Marani's credentials to date. Marani has grown
to export some of the world's finest vodka, brandy, cognac and wines,
positioning the Company to develop into a leader in the worldwide
premium spirits industry.

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For more information, press only:
Spencer Seymour, Marketing Director, 818-503-5200,
spencer@maranispirit.com

For more information on Marani Brands:
www.maranispirit.com
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"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995. Statements in this press release regarding the
Company's business that are not historical facts are "forward-looking
statements" that involve risk and uncertainties. Such risks and
uncertainties could cause actual results to differ from those
contained in the forward-looking statements, including, but not
limited to, general business conditions, our current dependency on one
distillery in Armenia and competition from much larger global
companies in the alcohol beverage industry. Any forward-looking
statements are made pursuant to the Private Securities Litigation
Reform Act of 1995 and, as such, speak only as of the date made. The
Company is not undertaking to update any information in its various
reports filed with the Securities and Exchange Commission until the
effective date of its future reports is required by applicable law.
Any projections of future operations should not be construed in any
manner as a guarantee that such results will in fact occur. Any such
projections are subject to the change and could differ materially from
final reported results. The Company may from time to time update
publicly announced projections, but is not obligated to do so.

For Marani Brands Inc.
Spencer Seymour, Marketing Director
818-503-5200
spencer@maranispirit.com

Copyright Business Wire 2008