Legacy Wine and Spirits Utilizes Established Wine Sales Infrastructure to Launch Wine Accessories Division
05 March 2011 - 1:43AM
Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP), an
importer, wholesaler and retailer of fine wines in China, has made
arrangements to utilize its established wine sales infrastructure
to launch its wine accessories business division.
www.legacywineandspirits.com
The wine accessories to be sold will help consumers and wine
lovers to enhance their enjoyment of wine. The Company will carry
wine related items that are used to open, drink, store and decorate
wine. Quality, fancy and creative corkscrews, glasses, carafes,
bottle stoppers, gift bags for wine, wine racks and special storage
refrigerators will be part of the inventory of wine related goods
Legacy will be selling on a wholesale and retail basis.
Although there are specialty shops in North America catering to
this market, Legacy feels that as the masses in China continue to
develop an appreciation of wine, they will also be motivated by
their egos, pursuit of pleasure, pride, culture and image to
purchase these wine accessories.
China is expected to be the world's seventh largest wine
consumer by 2013 as the nation's thirst for vintages continues to
grow amid an economic boom. The country will consume around 1.26
billion bottles of wine in 2013, an increase of about 32 percent
from 2009, according to findings of Vinexpo, organizer of one of
the world's largest wine and spirits exhibitions.
Jaclyn Cruz, President of Legacy states: "With Asia's wine
consumption forecast to rise by 20% over the next three years,
according to the International Wine and Spirit Research (IWSR)
commissioned by Vinexpo, and China leading the growth, Legacy
believes the market for wine accessories is ripe for the
picking."
About Legacy Wine and Spirits International
Ltd:
Legacy Wine and Spirits International Ltd. (Legacy) is a
publicly listed fully reporting company trading in the United
States (Pink Sheets:LWSP). The Company is in the business of
importing bottled wines from around the world for the purpose of
wholesale and retail distribution throughout China, in particular
through the Company's corporately owned stylish outlet showroom and
wine tasting facility.
Visit our site: www.legacywineandspirits.com
/s/: Jaclyn Cruz
Jaclyn Cruz, President
For further information contact: 1-888-488-6882
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time
in Legacy's filings with the Securities & Exchange
Commission.
CONTACT: Jaclyn Cruz, President
1-888-488-6882
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