Panache Beverages Completes $3.5 Million in Debt Financing to Fund Growing Demand and Distribution of Its Product Lines Including Wodka Vodka and Alibi American Whiskey
NEW YORK, NY -- (Marketwire) -- 02/20/13 --
Panache Beverages, Inc. (OTCQB: WDKA), an alcoholic beverage company specializing in the development of global sales and marketing of spirits brands, is pleased to announce the closing of the final tranche of financing. This funding will support the growing demand for its product lines through the implementation of marketing strategies in new markets and continued efforts in existing markets. The Company filed 8-Ks on December 27
James Dale, Chief Executive Officer of Panache Beverages, stated, "We have completed the financing the Company needed to expand our product lines in the U.S. and we expect our distribution to continue to grow around the globe. The outlook for 2013 and beyond is very positive as we continue executing on our business plan and expanding the footprint of our product lines."
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.alchemiainfusions.com) and Alibi American Whiskey (www.alibiamerica.com).
For more information visit: http://www.panachespirits.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate," "project" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Further information on Panache Beverages' risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-KSB for the year ended December 31, 2011 and the Form 10-QSB filed March 31, 2012. Panache Beverages does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Investor Contact: WSR Communications 772-219-7525 (tel) IR@WSRcommunications.com http://wsrcommunications.ir.stockpr.com/panacheimports/overview
Source: Panache Beverage, Inc.