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  • Liquor Group 2011 Results

    Jacksonville, Florida – August 31, 2011 – Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) announced its unaudited results for the fiscal 2011 year, ending August 31, 2011.

    Fiscal year net income is estimated to be $1.4M or $0.14 basic weighted earnings per common share before non-cash expenses.  The Company enjoys the capture of all profits through the use of a $25 million net operating tax loss captured in the merger of August 2007, an asset utilized to offset tax due on net profits every quarter.  

    Since the operation of LIQR is mainly a fee based service on the wholesale transactions of the company, the total operations of LIQR still only represent approximately 8% of Liquor Group named operations throughout the world.


    Key Financials:

    Key financial highlight estimates for fiscal 2011 include:

    • Gross margin of 37.3%
    • Net income of 40.5% (An increase from FY 2010)
    • Current liquid ratio of +2.02


    C. J. Eiras, President and CEO commented: “Liquor Group Wholesale, which now represents approximately 8% of Liquor Group associated worldwide operations continues to move forward in these difficult economic times.  We continue to see positive developments in our operations as we refocus our effort; which is evidenced by strong numbers in both overall sales and expanded company-wide dynamic performance.  Our profitability demonstrates that year after year, even in this tough economy, our operational system works.  Our SLC base has seen an increase in diversified customers, which has allowed them to sell as much or more as years past even with a declining price market.  Our continued portfolio expansion of high-margin brands coupled with increased market presence and the creation or acquisition of brokerage and distribution companies throughout the US has again led to positive results for our shareholders.”


    Eiras continued “Our core business operations utilize the advantages of our patent-pending business model to the greatest extent possible.  Our brand portfolio has greatly expanded in several key areas and our sales force and territories covered continues to increase.  Leading premium products in the market have continued to take advantage of our growing operation; and our business model is now accepted by the alcohol beverage industry.” 


    The company made three key strategic acquisitions/mergers and expansions in Fiscal 2010 and in Fiscal 2011 shareholders have also seen acquisitions and expansions including statewide Broker operations in Montana.  This, among other planned acquisitions, has a positive impact on shareholder equity and value and continues to increase the company momentum in the marketplace.  


    The Company provides these unaudited results to investors so that they might gain better insight into its underlying business trends from continuing operations.


    About Liquor Group Wholesale

    Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) an emerging alcohol distribution/ brokerage organization representing thousands of brands with operations in 33 US States.  Our Manufacturer to State level conveyance utilizes a Patent-Pending business model focused on providing unique trade channels for many of the world’s leading & emerging alcohol beverage brands.  Current/historical financial information at: www.LiquorGroup.com and www.SEC.gov

     

     

    CONTACT:           Liquor Group Wholesale                               Jason Bandy                               904-285-5885

    Disclosure: I am long LIQR.PK.
    Sep 01 11:46 AM | Link | Comment!
  • Diageo New $2.1 BN Purchase Launched in the US by Liquor Group

    April 4, 2011 – Jacksonville, FL – In late February 2011, Diageo (NYSE:DEO) the world's largest spirits maker, agreed to buy Mey Icki Distillery, Turkey's biggest spirits company, that holds an 80 percent share of the country's top-selling spirit categories.  London-based Diageo, maker of leading alcohol brands including Johnnie Walker whisky and Smirnoff vodka to name a few, acquired Mey Icki and their entire portfolio of products from the private equity firms TPG Capital and Actera for $2.1 billion in cash.  TPG Capital manages $48BN in assets with operations worldwide, while Actera is a Turkish Based fund operating in excess of $500 million.

    Liquor Group Wholesale (Publicly Traded: LIQR) and it’s privately held state level distribution network was chosen to implement the initial 2 year US distribution strategy for Diageo’s Mey Icki Portfolio, which is lead by Binboa Vodka; the first containers of the vodka the have already landed on US shores at Liquor Group distribution hubs.  Binboa comes in award winning bold flavors including: Red Apple, Satsuma, Red Orange and Strawberry, to suit the palates of the new “Daring Taste Aware Consumer”.   These products are already funneling through the State Level Customer Distribution Channels of Liquor Group, are being registered for sale in various states and are moving towards end consumers. 

    “Liquor Group is very pleased to be selected among all of the larger distributors commonly used by major portfolios like Diageo to launch and develop these important brands throughout the US.” says C. J. Eiras, CEO of Liquor Group Wholesale “Our unique abilities and flexibility-to-market allows Liquor Group to achieve distribution success for smaller and larger brands; Binboa will see immediate results at the cash registers due to our Patent-Pending Bailment Distribution Model.” 

    Binboa’s successful marketing approach is based on a Cerebral Mid-Twenties Survey Style Advertising Campaign; including such slogans as: “On a Night Out, 95% of Party Goers Meet New People, 5% Remember Their Names Afterwards…” and “On a Friday Afternoon, 4% of People Work, 96% Pretend To Work.”  High quality spirits coupled with this catchy marketing approach has earned Binboa Vodka the largest market share in segments of Europe and Asia, and will appeal to hip, market savvy US consumers as well. 

    Eiras summarized: “Since Diageo has spent more on this acquisition than Bacardi spent on the purchase of Grey Goose Vodka, we at Liquor Group are confident that this Portfolio is well positioned for success.” 

    Apr 04 10:55 AM | Link | Comment!
  • Liquor Group Wholesale Enjoys Another Profitable Year

    Jacksonville, Florida – August 31, 2010 – Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) announced its unaudited results for the fiscal 2010 year, ending August 31, 2010.

     

    Fiscal year net income is estimated to be $2.2M or $0.20 basic weighted earnings per share before non-cash expenses, more than 300% greater than last years results.  The Company enjoys all profits through the use of a $25 million net operating tax loss captured in the merger of August 2007, an asset utilized to offset tax due on net profits every quarter. 

     

    Key Financials:

     

    Key financial highlight estimates for fiscal 2010 include:

     

    * Gross margin of 38.8% (More than 100% increase from FY 2009)

    * Net income of 40.2% (More than 100% increase from FY 2009)

    * Current liquid ratio of +2.22 (20% increase from FY 2009)

     

    C. J. Eiras, President and CEO commented: “Liquor Group Wholesale, which now represents approximately 13% of Liquor Group associated worldwide operations continues to trend upward in scope, territory and value.  We see positive developments in operations again this year, as evidenced by strong numbers in both overall sales and companywide performance.  Our profitability again demonstrates that even in a tough economy our operational system works.  Our continued portfolio expansion of high-margin brands coupled with increased market presence has again led to positive results for our shareholders.”

     

    Eiras continued “Our core business operations were again positively impacted by the advantages of our patent-pending business model.  Increasing sales are partly attributed to new additions to our brand portfolio as well as the expansion of our sales force and territories, which continued to outpace supplies of products due to our buying power and leverage.  Some of the leading premium products in the market have begun taking advantage of our growing operation; and our business model is increasingly becoming more accepted by the alcohol beverage industry.” 

     

    The company made three key strategic acquisitions/mergers and expansions in Fiscal 2010, including statewide distributor operations in Illinois, expansion of relationships in South Carolina as well as the purchase of Broker operations in Iowa.  This, among other planned acquisitions, has a positive impact on shareholder equity and value. 

     

    The Company provides these results to investors so that they might gain better insight into its underlying business trends from continuing operations.

     

    About Liquor Group Wholesale

    Liquor Group Wholesale, Inc. (Publicly Traded: LIQR) is an emerging alcohol distribution/brokerage organization representing thousands of brands with operations in 33 US States.  Our Manufacturer to State level conveyance utilizes a Patent-Pending business model focused on providing unique trade channels for many of the world’s leading & emerging alcohol beverage brands.  Current/historical financial information at: LiquorGroup.com and SEC.gov




    Disclosure: I owned
    Tags: Liquor
    Sep 07 12:18 PM | Link | Comment!
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