NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Panache
Beverages, Inc. (OTCQB: WDKA) ("Panache"), an alcoholic beverage
company specializing in the development, global sales and marketing
of spirits brands, including the award-winning Wodka Vodka, Alibi
American Whiskey, and Alchemia Infused Vodka, is pleased to
announce that after an extensive competitive review, it has
selected Park Street's
industry-leading solution to provide importing, back-office, and
enterprise resource planning services. Park Street's solution will support Panache in
its current phase of growth, which focuses on driving sales of
existing brands Wodka Vodka, Alibi American Whiskey, and Alchemia
Infused Vodka. With the purchase of its New Port Richey, Florida distillery, Panache
Distillery LLC, Panache is positioned to capitalize on new growth
opportunities in 2014 and beyond.
(Photo: http://photos.prnewswire.com/prnh/20140108/PH42433 )
Park Street provides a turn-key
suite of first-class back-office solutions, together with a
valuable set of reporting and data management tools.
Agata Podedworny, Panache COO,
comments, "Utilizing Park Street's solution enables us to focus our
resources on value-creating activities including growing sales,
increasing brand equity, and developing compelling new products at
the Panache Distillery." She continues, "Park Street will help us refine our business
process as we continue to grow our distributor relationships and
prepare for new business at the distillery."
Adds Park Street President,
Chris Mehringer, "We are thrilled to
work with Panache. They have a talented management team and a
great product line up. We look forward to helping them
achieve their goals."
About Panache Beverages, Inc.
Panache Beverages, Inc. (OTCQB: WDKA) based in New York, NY is an alcoholic beverage company
specializing in the development, global sales and marketing of
spirits brands. The Company's expertise lies in the strategic
development and aggressive early growth of its brands establishing
its assets as viable and attractive acquisition candidates for the
major global spirits companies. Panache intends to build its
brands as individual acquisition candidates while continuing to
develop its pipeline of new brands in to the Panache
portfolio. Panache's existing portfolio contains three brands:
Wodka Vodka (www.weloveWodka.com), Alchemia Infused Vodka
(www.alchemiainfused.com) and Alibi American Whiskey
(www.alibiamerica.com).
For more information visit: http://www.panachespirits.com
About Park Street
Park Street is a
technologically-driven provider of alcoholic beverage importing,
back-office, and enterprise resource planning solutions. Services
include, among others, logistics management, order fulfillment,
regulatory compliance, accounting, distributor customer service,
data management, working capital, and more. Founded in 2003,
Park Street serves hundreds of brands from the United States and around the world.
For more information visit: http://www.parkstreet.com/
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a
safe harbor for forward-looking statements. This press release
may contain certain statements of a forward-looking nature relating
to future events or future business performance. Any such
statements that refer to the Company's estimated or anticipated
future results or other non-historical facts are forward-looking
and reflect the Company's current perspective of existing trends
and information. These statements involve risks and
uncertainties that cannot be predicted or quantified and,
consequently, actual results may differ materially from those
expressed or implied by such forward-looking statements. Such
risks and uncertainties include, among others, risks and
uncertainties detailed in the Company's Securities and Exchange
Commission filings, including the Company's Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. The forward-looking
statements speak only as of the date of this release. The
Company undertakes no obligation to update publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Contacts:
Panache Beverages, Inc.
PR Contact
Neil Alumkal
Stuntman PR
Email
Tel +1 212 242-0002
Park
Street
Miguel
Lugo
Director, Business Development
Email
Tel +1 305 967 7440 x512
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SOURCE Panache Beverages, Inc.