Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?

To: dave fenn who wrote (2319)	2/23/1999 1:01:00 PM
From: Micro-Selector	Respond to of 2595

NEWS RELEASE Tuesday February 23, 11:28 am Eastern Time Company Press Release Araldica Signs Joint Venture Agreement NEW YORK--(BUSINESS WIRE)--Feb. 23, 1999--Araldica Wineries, Ltd. announced today that it has signed a joint venture agreement with Lionstone International, Lake Bluff, Illinois, the country's largest distributor of wines servicing direct response marketing companies in the alcoholic beverage industry. Terms of the joint venture agreement call for Lionstone to become one of Araldica's primary direct response marketers of, and its exclusive national fulfillment organization for, the company's proprietary "Knights of Italy" custom-labeled premium Italian wines; Lionstone plans to shortly expand Araldica's unique marketing concept (Italian family coats-of-arms reproduced on custom-labeled Italian wines, being sold via direct mail to Italian-American consumers). The new "Knights of ....." series of custom-labeled wines will soon include German, Portuguese, French, Spanish and other quality European wines, to be promoted via direct mail to the various ethnic groups of American consumers having family origins in such countries. The agreement further specifies that Lionstone will both utilize its own wines and those produced by Araldica's subsidiaries, to fulfill customer orders generated by its continuing series of national direct response wine promotions. Lionstone is part of privately held SLJ Group, Inc., a 10 year old, multifaceted company servicing the food and beverage industry as an importer, consultant, marketer, compliance expert, warehousing facility, fulfillment house and distributor; it functions as a "Master Distributor" for the very successful Merchant Direct catalog clubs: Beer Across America; International Wine Cellars; Cigar Affair; Coffee Quest; and Spa Discoveries. Lionstone also has exclusive custom-labeling contracts with Major League Baseball and the National Football League (via Big League Bottling), and also counts among its client roster many additional quality sales organizations, like Design Toscano, Remy Publishing and Sotheby's, as well as Gourmet Gift Net, Beverages Direct and Virtual Vineyards, all of which are among the most successful internet retailers and direct marketers in their respective fields. Araldica Wineries, Ltd. (which trades publicly under the symbol "AWLT" on the OTC bulletin board) is in its 6th year of operation; its business activities encompass the manufacture, importation and sale of premium Italian wines and olive oils, as well as selected gourmet foods and Italian specialty foods. Contact: Araldica Wineries, Ltd., New York Frank J. Landi, Sr., 212/982-9555