Aloha State Marks Another Key Milestone in Producer’s Nationwide Expansion Plans
Cabernet Sauvignon, Chardonnay, Pinot Noir and Rosé available immediately, with more varietals to follow
MINNEAPOLIS, Aug. 23, 2022 (GLOBE NEWSWIRE) — Fresh Vine Wine, Inc. (NYSE American: VINE), the leading producer of low-carb, low-sugar, and low-calorie premium wines in the United States, announced today that its wine varieties are now available in the state of Hawaii. Fresh Vine Wine’s Cabernet Sauvignon, Chardonnay, Pinot Noir and Rosé varietals are available immediately, with its Sauvignon Blanc and Brut Rose Mousseux varietals to follow shortly.
Fresh Vine Wine varietals are distributed in Hawaii through Southern Glazer’s Wine and Spirits, the premier beverage distributor for wine, spirits, beer, CBD and non-alcoholic products in the United States and Canada.
“We are extremely pleased to bring Fresh Vine Wine’s premium varietals to Hawaii,” said Rick Nechio, Interim General Manager. “Not only is this another key step in consolidating our distribution across the country, but Hawaii represents an ideal market for us, expanding our brand into a market with high-end tourism, luxury resorts and fashion. active and health conscious lifestyle Our premium low carb, low sugar and low calorie wines will be a popular choice at resorts, restaurants, grocery stores and liquor stores across the islands .
Fresh vine wines vision is to be the leading ‘Better For You’ brand in this growing category, capitalizing on the trend towards healthy living sweeping the food and beverage industry. Fresh Vine Wine’s strategy is to accelerate growth in 2022 by amplifying its product offerings, actively increasing distribution, educating consumers and retailers about our product line, and focusing on sales execution. retail in the market and in-store sampling. Fresh Vine Wine will continue to position its line of core brands as affordable luxury, priced between $14.99 and $24.99. Sauvignon Blanc and Brut Rose Sparkling are Fresh Vine Wine’s latest new varietals in the premium wine market.
About Fresh Vine Wine, Inc.
Fresh Vine Wine, Inc. (NYSE American: VINE) is a leading producer of low-carb, low-calorie premium wines in the United States, launching a 2022 growth plan following its IPO in mid-December 2021. to lead the emerging natural and accessible premium wine category as health trends continue to accelerate in the U.S. market. The US wine market in 2020 was a $69 billion category. Fresh Vine Wine plans to accelerate its growth in 2022 by amplifying its marketing, expanding its product offerings and expanding its team. Fresh Vine Wine positions its line of core brands as affordable luxury, selling for between $14.99 and $24.99. Fresh Vine Wine varietals currently include its Cabernet Sauvignon, Chardonnay, Pinot Noir and Rosé.
This press release contains forward-looking statements. These forward-looking statements can generally be identified by the use of words such as “anticipates”, “expects”, “plans”, “could”, “may”, “will”, “believes”, “estimates”, “expects,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address a variety of matters, including statements regarding the timing or nature of future operating or financial performance or other events. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by this statement. Applicable risks and uncertainties include, among others, our ability to generate positive cash flow from our operations on schedule or not at all; the inclusion of the company’s wines in the fall resets of four national big-box grocery retailers and the impact of such inclusion on the Company’s results of operations; the Company’s ability to hire additional personnel and manage the growth of its business; the Company’s dependence on its brand, reputation and product quality; the Company’s ability to respond adequately to increased demands that may be placed on its management, operating and production capabilities; the effectiveness of the Company’s advertising and promotional activities and investments; the Company’s reliance on celebrities to endorse its wines and market its brand; general conditions of competition; fluctuations in consumer demand for wine; general decline in the health of the economy and consumer discretionary spending; the occurrence of adverse weather events, natural disasters, public health emergencies or other unforeseen circumstances that may delay or interrupt the Company’s operations; risks associated with disruptions to the Company’s supply chain for grapes and raw and processed materials; the impact of COVID-19 and its variants on the Company’s customers, suppliers, business operations and financial results; service disrupted or delayed by the distributors on which the Company relies for the distribution of its wines; the Company’s ability to successfully execute its growth strategy; the Company’s success in retaining or recruiting, or required changes in, its officers, key employees or directors; the Company’s ability to protect its trademarks and other intellectual property rights; the Company’s ability to comply with laws and regulations affecting its business, including those relating to the manufacture, sale and distribution of wine; claims, demands and legal proceedings to which the Company is or could be subject and the risk that its insurance or indemnification coverage is not sufficient; the Company’s ability to operate, update or implement its computer systems; the Company’s ability to successfully pursue strategic acquisitions and integrate acquired businesses; the Company’s potential ability to obtain additional financing if needed; the significant influence of the founders of the Company on the Company; and the risks identified in the Company’s other filings with the SEC. The Company cautions investors not to place significant reliance on any forward-looking statements contained in this press release. We encourage you to read the Company’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The business of the Company is subject to substantial risks and uncertainties, including those mentioned above. Investors, potential investors and others should pay particular attention to these risks and uncertainties.