Legacy Signs an Agreement to Market and Franchise Legacy Wine Merchants Stores in the U.S. With Franchise Associates, a Company
08 March 2011 - 12:00AM
Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP), an
importer, wholesaler and retailer of fine wines in China announced
today that it has entered into an exclusive agreement with Paul
Stewart, President of Franchise Associates (FA), to market the
Legacy Wine Merchants Retail Franchises in the United States. FA
has generated over $500 million in revenues in the last 12 years
for their clients. FA has an impressive track record and if Legacy
experiences a fraction of their success with other clients they
will become a powerhouse like Merry Maids®, which sold for $25
Million or Manhattan Bagel Company® which went public for $55
Million. FA has also generated success for household names like
FastSigns® ($100 Million) and Jiffy Lube® ($56 Million). The terms
of the agreement were not disclosed www.legacywineandspirits.com
"We are proud that Legacy Wine and Spirits has selected us to be
their partner in the United States. Legacy will benefit from
Franchise Associates' (FA) over 33 years of experience in building
over 300 franchise systems. We anticipate that Legacy can grow
exponentially with our services and guidance," said Paul Stewart,
President of FA.
"We are pleased to have Franchise Associates as our franchising
partner, given their national marketing reputation, their concept
branding, and the successful track record they have established in
marketing and launching franchises both regionally and nationally,"
said Jaclyn Cruz, President of Legacy Wine and Spirits. "This
agreement enables us to expand our innovative concept development
and to continue to build the Legacy brand into the United
States."
About Franchise Associates, Inc. (FA)
FA has assisted over 300 companies with their franchise
expansion plans over the past 33 years. More recently, in the past
12 years, FA has helped its clients generate over $500 Million in
franchising revenues. Mr. Stewart has also been a consultant to the
U.S. Small Business Administration (SBA) for over 28 years. FA
specializes in franchise consulting, packaging, marketing and
finance in the U.S.A. and internationally. www.fassocs.com
Several of FA's past franchise clients have generated hundreds
of millions in revenues, including: Merry Maids® Home Cleaning that
sold for $25 Million; FastSigns® that sold for $100 Million;
Manhattan Bagel Company® that went public for $55 Million; Express
Lube & Oil® that sold to Jiffy Lube® for $56 Million; and
Remco® Appliance Rentals that sold for $47 Million.
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
The Legacy Wine and Spirits International Ltd. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=8328
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
Wee Cig (PK) (USOTC:WCIG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Wee Cig (PK) (USOTC:WCIG)
Historical Stock Chart
From Jul 2023 to Jul 2024