NEW YORK, June 18, 2013 (GLOBE NEWSWIRE) -- Montalvo Spirits, Inc., (OTCQB:TQLA) ("Montalvo" or, the "Company") producers of award-winning brand Montalvo Tequila, announced today that the Company continues to meet its expansion plans having recently secured distribution in the states of Connecticut and Oregon.
To continue its expansion into the Northeast, the Company has registered the brand with the State of Connecticut and has appointed a distributor throughout the state. The Company plans to launch Montalvo Tequila in Connecticut on August 1st. "The Northeast markets have shown great growth potential for handcrafted beverages and following May's expansion into New Jersey, Connecticut seemed like the next logical move," explained Montalvo's Director of Sales, Daniel Cahill. "We are hoping for a positive response from Connecticut consumers and further expansion into the Northeast."
In its expansion into the Pacific Northwest, Montalvo Tequila has been approved for special orders by the State of Oregon and plans for limited distribution beginning in July. "The Pacific Northwest has long been a monumental player in the craft spirits movement and we couldn't be more excited about expanding into Oregon. We're thrilled to have partnered with Thomas Cellars to help bring Montalvo to key accounts in the state," said Cahill.
"Our growth into new key markets is driven by increased recognition of the brand, through grassroots marketing efforts and by our success in spirits competitions," added Alex Viecco, Montalvo's CEO.
At the prestigious Ultimate Spirits Challenge 2013, Montalvo Tequila's Plata was named Finalist for the Chairman's Trophy, being awarded 93 points out of 100. And at the 2013 Spirits of the Americas Competition, Montalvo's Reposado was named "Best of Class" in the Reposado Tequila category.
About Montalvo Spirits, Inc.
Montalvo Spirits, Inc. develops, markets and distributes premium alcoholic beverages, with its initial offering being the award-winning Montalvo Tequila. The Company plans to focus on artisanal spirit brands with a tradition of excellence and quality. Additional information concerning the Company is available on the Company's website: http://montalvospirits.com
Forward Looking Statements: Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Montalvo Spirits, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Montalvo assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Source:Montalvo Spirits, Inc.