VANCOUVER, BC
/ ACCESSWIRE / May
29th, 2014 / First Growth Holdings
Ltd. ("First
Growth" or the
"Company")
(TSX-V: FGH), is pleased to announce that WineOnline Marketing Company Ltd.
("WineOnline"), the Company's wholly-owned subsidiary, has secured
agreements with top wineries and continues to be an industry leader
for online sales of wine in Canada.
WineOnline
continues to attract top notch suppliers from around the world that
are excited to do business in Canada. "We are as excited and
pleased as can be with our association with WineOnline," says John
King of Vintae. "They have sold thousands of cases of wine already
and we have just begun our working relationship."
WineOnline
continues to expand sales with double digit sales growth in each
year since 2010. "We are looking to outperform these numbers this
year once our marketing plan and growth strategy across Canada has
had time to gain traction in the market," says Aaron Bick, GM North
American Markets and Wine Procurement. "Selling wine online is
still in its infancy in Canada and there is a lot of room to
grow."
WineOnline is working hard at
continuously improving and expanding its portfolio. Here are just a
few of the suppliers that WineOnline has signed agency agreements
with since November 2013:
Bodegas
Casal de Arman - "This family business, created in
1999 in the Avia valley, is quickly turning into one of the main
players in the Ribeiro appellation." - Luis Gutierrez, Wine
Advocate, Oct 2013
Purato (The
Wine People) - Purato is a quality range of indigenous, affordable
Sicilian wines, which benefit from
absolutely purity of fruit and an impeccable environmental
conscience.
Santa Tresa
(The Wine People) - One of Sicily's oldest and finest
wineries, producing top quality, indigenous varietal wines from
Vittoria.
Volunte (The Wine People) -
Volunte is a range of everyday drinking wines, each of which is an
Italian
classic and an excellent example of its type.
Domaine La
Suffrene - Cedric Gravier has built a beautiful winery
that is a perfect combination of state of the art stainless steel
equipment for fermentation, large well ventilated space, and old
world oversized oak foudres for ageing.
Jean Marc Burgaud - Jean-Marc
Burgaud is one of the finest growers in Beaujolais, and one of only
8 wineries in the region to receive 5 stars from Robert Parker's
Wine Buyer's Guide.
La Colombina
- "La Colombina is an excellent source for delicious,
approachable Brunellos that can be enjoyed with a minimum of
cellaring." - Wine Advocate, June 2009
Pico Cuadro
- "Bodegas Pico Cuadro is an impressive newcomer to these
pages. It is a family-owned winery that began operations in 2004
with 12 acres of vines ranging from 20 to 90+ years of age." - Jay
Miller, Wine Advocate, June 2011
Vinos Sanz
- Vinos Sanz is largely responsible for making the Rueda what
it is today. The Sanz family has been making wine in the Rueda for
6 generations and continue to be one of the best, if not the best
wine producers, in the
Rueda.
Through
WineOnline's extensive list of relationships, First Growth has been
able source some of the world's most sought-after wines (many
directly from source). An extensive collection of Bordeaux's,
Burgundy, and Rhone wines have been assembled and include such
names as:
1 )Chateau Lafite Rothschild
2) Chateau Mouton Rothschild
3) Chateau Margaux
4) Chateau Pavie
5) Chateau Haut Brion
6) Chateau Latour
First Growth is
presently working on a global sales initiative including
distribution into the exponentially growing wine market in China.
The Company aims to have more updates on these initiatives in the
near future.
About First Growth
First Growth is a
Canadian-based company that identifies and develops strong brands
in the Canadian and international markets. Strong brands have a
global reach in today's modern world with the rapid adoption of
social media and advancements in technology. First Growth
recognizes the potential for certain brands to penetrate
international markets and will be focused on developing each one of
its brands to its fullest potential.
WineOnline
Marketing Company Ltd. is the first brand that First Growth will
develop. WineOnline, through its website WineOnline.ca, allows
customers to shop for great unique wines that are not readily
available in most stores, and have the wine delivered to your home
or office. The direct-to-customer online wine business in Canada is
far behind first world peer countries. First Growth views this as
an enormous opportunity for the right brand to establish itself as
the industry leader. Acquiring WineOnline, which is an established
brand in Ontario and has been since 2004, was the perfect
opportunity to grow an existing business into a national leading
online retailer.
Leveraging the
relationships that WineOnline has established with some of the best
wineries around the world, First Growth plans to import some of
those brands into China, one of the fastest growing wine markets in
the world. This emerging market is still in the infancy stage with
massive potential for exponential growth. First Growth's team has
intimate knowledge of the wine market in China that will assist in
our rapid entry into the wine market.
First Growth will
be evaluating and exploring other brands that have international
opportunities for growth and investing in them in order to create
increased shareholder value.
ON BEHALF OF FIRST
GROWTH HOLDINGS LTD.:
"J. Paul Guedes"
J. Paul Guedes
President
FOR MORE INFORMATION,
PLEASE CONTACT:
Corporate Communications
Tel:
604.688.9588
Email:
info@firstgrowthholdings.com
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on First
Growth's current belief or assumptions as to the outcome and timing
of such future events. Actual future results may differ materially.
Those assumptions and factors are based on information currently
available to First Growth. Risk factors that could cause actual
results or outcomes to differ materially from the results expressed
or implied by forward-looking information include, among other
things: general economic and business conditions and changes in the
regulatory regime. First Growth cautions the reader that the above
list of risk factors are not exhaustive. The forward-looking
information contained in this release is made as of the date hereof
and First Growth is not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE: First Growth Holdings Ltd.
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