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  • Liquor Group Acquires Alcohol Distributor in South Carolina
    GREENVILLE, S.C., Jul 14, 2010 -- Liquor Group Wholesale, Inc. (LIQR) once again makes good on their expansion commitment made to shareholders by announcing today the third addition of a new sales territory in the past nine months through the acquisition of a statewide liquor distribution operation in the State of South Carolina.
     
    The acquisition of well known and respected Aardvark Beverage was underwritten by VIGOR Holding Company, an institutional shareholder of LIQR, and brings husband and wife team John & Jennifer Ward and their sales & distribution team into the Liquor Group fold through a five year stock-vesting plan.
     
    "We are really looking forward to working hard to make great things happen!" says Jennifer Ward, Aardvark Managing Member. "I think this will be a wonderful opportunity for us all."
     
    Aardvark, a woman & military veteran owned operation, currently represents approximately one hundred varieties of liquor and wine products. With the combination of existing South Carolina operations and Liquor Group's thousands of products under distribution management, the newly formed "Liquor Group South Carolina" is now a force in the land of 'Smiling Faces. Beautiful Places.'
     
    "These acquisitions are not buy outs…they are buy in's," says C. J. Eiras, CEO of Liquor Group Wholesale. The concept of bringing together independent distributors and allowing them to continue to operate their own state level business under one centralized operations umbrella while utilizing Liquor Group's Patent-Pending Distribution model was first presented by Eiras to the Board of Directors in mid 2009. The acquisition activity since then has been brisk, with more than thirty acquisitions scheduled or pending, each adding between $1M to $30M in asset value to the organization and increasing overall sales and territory coverage for the company.
     
    About Liquor Group Wholesale
     
    Liquor Group Wholesale, Inc. (LIQR) is an emerging alcohol distribution/brokerage organization representing thousands of brands with operations in 33 U.S. 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



    Disclosure: I own it and love it!
    Jul 14 5:38 PM | Link | Comment!
  • Liquor Group CEO sells Cadillac Margarita to Landry’s Restaurants
    Jacksonville, FL – C. J. Eiras, CEO of Liquor Group Wholesale, Inc. (OTCBB:LIQR) completes sale of the Cadillac Margarita Trademark Alcohol Brand to Landry’s Restaurants (NYSE:LNY). 
     
    The Cadillac Margarita Trademarked brand, a popular product sold in the US and Canada, distributed through Liquor Group, was privately owned by Urban Brands & Spirits, one of Eiras’ multiple alcohol brand-holding companies. Eiras is well known in the beverage industry for creating, developing, owning and operating multiple award winning alcohol brands including: Happy Vodka & related Happy brands, Wild Orchid Wineries Worldwide, Party-A-Go-Go Pre-Mixed Martinis, Lucky Liquor Brands and Wild Horses Whisky & Bourbon.   
     
    “The negotiators on Landry’s behalf were both skillful and pleasant to work with…” said Eiras. Recently Eiras sold the Hype trademarked Energy Drink to an International conglomerate (see Hype.com), and just as the details of that transaction, the terms of sale of the Cadillac Margarita Trademarked brand are strictly confidential.     
     
    About Liquor Group Wholesale
    Liquor Group Wholesale (OTCBB:LIQR) is an emerging liquor and wine distribution company representing more than 1800 spirits and wine products with operations in 32 US States, focused on providing a distribution channel for Mid-Market, Nationally and Internationally recognized alcohol beverage products. Operations consist of the conveyance of goods from manufacturer to state level distributor, with a focus on the consolidation of distribution operations from concept to purveyor.
     
    About Landry’s Restaurants, Inc.
    Landry’s Restaurants, Inc. (NYSE:LNY) is a restaurant, hospitality, and entertainment company, engaged in ownership and operation of full-service casual dining restaurants and gaming facilities in the USA and Canada. The company operates restaurants under the names: Rainforest Cafe, Saltgrass Steak House, Landry’s Seafood House, The Crab House, Charley’s Crab, and The Chart House.  The company owns and operates Kemah Boardwalk, in Texas and operates the Golden Nugget Hotels and Casinos in Las Vegas and Laughlin, Nevada.  As of December 31, 2008, it owned and operated approximately 175 full-service and limited-service restaurants in 27 states and Canada and was founded in 1980.

    Disclosure: Long LIQR
    Tags: LNY
    Oct 21 8:01 PM | Link | Comment!
  • Liquor Group Wholesale Finishes 27th Consecutive Profitable Period

    July 15, 2009 Jacksonville, FL – Liquor Group Wholesale (OTCBB:LIQR) posted its Fiscal 3rd Quarter results today, documenting twenty-seven periods of consecutive accrued profitability. LIQR posted a modest Basic EPS prior to distributing shares of common stock for both 2008 & 2009 Employee/Vendor/Supplier Stock-sharing plan disbursements and implementation of its annual compensation plan for Officers and Directors. Additionally, the company paid down several supplier balances early to accrue substantial discounts, taking advantage of “cash on hand” rather than leaving it stagnant, and it expended legal and administrative costs associated with preparing for distributor acquisitions, laying the groundwork for consolidation which should continue to benefit the company and shareholders over the long term as acquisitions are announced.

     
    The Company’s sales force continues to outpace major supplier inventories.  All but one major supplier was able to fulfill outstanding back-orders: Drinks Americas (OTCBB:DKAM) left confirmed orders generated during the last several quarters of more than $830,000 unfilled and did not reimburse Liquor Group for more than $60,000 in marketing expenses. Liquor Group has taken legal action against DKAM to recover revenues and expenses lost.
     
    Liquor Group also achieved new contract positions with major suppliers such as Adamba Imports and renewed contracts with long-time suppliers such as Old St. Andrews Scotch, demonstrating that our Patent-Pending Bailment System is working, even with larger suppliers.
     
    “This was a great quarter for Liquor Group,” says Jason Bandy, CFO. “Our U.S. Wholesale operation, although a small part of overall operations (under 10%), has now been publicly-traded for three quarters, and continues to grow and profit; during these tough times, it’s nice to know our business model is not just working, it’s flourishing!” 
     
    Detailed information regarding information contained herein is available in the Liquor Group Wholesale 10Q Report filed 07-15-2009. 
     
    DISCLOSURE: The author of this post has holdings of less than $10,000 each of LIQR and DKAM Common Stock.
    Tags: DKAM
    Jul 15 6:45 PM | Link | 1 Comment
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