NEW YORK, Aug. 8, 2013 (GLOBE NEWSWIRE) -- Montalvo Spirits, Inc. (OTCQB:TQLA) ("Montalvo" or the "Company), a developer and distributor of craft spirits, today announced an update on Montalvo Tequila's distribution efforts.
In the state of Connecticut, Montalvo Tequila is now being distributed by Wine Solutions, a division of Winebow, Inc. – CT. In addition, Montalvo Tequila has received its first purchase order by the Oregon Liquor Control Commission and will now be available at select retailers in the state.
The Company is in discussions to further expand distribution into several new key markets, including Nevada, Texas, and Illinois. However, there can be no assurance that the Company will be able to enter into distribution agreements in these markets.
"As our brand awareness continues to increase, we feel it is important to widen our distribution in a methodical way that allows us to fully support the efforts of our wholesale partners," said Daniel Cahill, Montalvo's Director of Sales.
The Company is also exploring the option of engaging additional spirits brokers in the markets they currently serve. "Due to the initial success of our partnership with Elite Agave Marketing in Florida, we believe brokerage relationships will enhance our sales and marketing efforts in a cost-effective manner," added Cahill.
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.