Brunton Vineyards (Pink Sheets:BVYH), a San Francisco / Napa-based wine company, today announced that it has engaged CB Richard Ellis Group, Inc., the world’s largest commercial real estate services firm, to assist in the global expansion of its San Francisco-based wine lounge, VinoVenue ("VV").
CB Richard Ellis will provide brokerage services as the management team of Brunton Vineyards prepares an international expansion of VinoVenue. The expansion will begin with 200 locations in 80 target U.S. cities.
“We look forward to working with CB Richard Ellis as our representative on leasing and other real estate matters,” said Michael Firewalker, Snr. Vice President of Brunton Vineyards. “By utilizing CB Richard Ellis’ full platform of services we believe we will be able to leverage their geographic reach and portfolio of managed properties to effectively expand VinoVenue locations.”
Geno Brunton, Chairman and CEO of Brunton Vineyards, commented, “Expanding VinoVenue first within the US market and eventually worldwide will definitively entrench VinoVenue as the leader in the retail wine space, becoming the only true retail chain in the wine industry.”
About Brunton Vineyards
Brunton Vineyards is a wholly owned subsidiary of Brunton Vineyards Holdings, Inc, a public company based in San Francisco, CA. The company currently has several subsidiaries: Brunton Vineyards [with current brands – “Brunton Vineyards” and “Addison Cole”], VinoVenue, LLC and Swig, Inc. Management plans to add shareholder value by increasing distribution of its wines within the US market, increasing margins on wine sales and acquiring top tier, high quality producing vineyards and wineries and some that are considered undervalued. Competitors to Brunton Vineyards are Constellation Brands (NYSE:STZ), Scheid Vineyards (pinksheets:SVIN.PK) and 360 Global Wine Company (OTC BB:TSIX.OB). Please visit www.bruntonvineyards.com for more information.
About VinoVenue
“The Place to Taste and Experience Wine” is what the San Francisco based wine lounge is known for. Founded in 2004, VinoVenue has more than 100 wines from California and around the world featured. VinoVenue stretches the traditional wine bar and retail store boundaries by offering guests an exciting new concept for tasting and buying wines. For the first time, guests can serve themselves by purchasing a VinoVenue tasting card (like a debit card), inserting it into the automated wine tasting stations, selecting a wine and receiving a 1 oz. pour. Individually priced pours of more than 100 wines sourced from wineries around the globe range from $1 to $40. This "try-before-you buy" model has promoted wine education, socialization and curiosity. The wine lounge is located at 686 Mission Street, San Francisco, CA 94105. Please visit www.vinovenue.net for more information.
Forward-Looking / Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, Brunton Vineyards' expectations of business results in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including risks related to: possible delays in the closing of the transaction contemplated by the acquisition agreement, which may be caused by factors outside of the control of Brunton Vineyards; the ability of Brunton Vineyards to successfully expand VinoVenue and launch new locations within the US market or elsewhere in a timely manner; Further information regarding these and other risks is included in Brunton Vineyards' filings with the U.S. Securities and Exchange Commission. Brunton Vineyards does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
