ORLANDO, Fla., May 1, 2009 (GLOBE NEWSWIRE) -- Top Executives of Liquor Group Wholesale, Inc. (OTCBB:LIQR) in attendance at the Annual Wine & Spirits Wholesalers Association Conference (www.WSWA.org) were shopping the trade show floor for more than just alcohol beverage brands to represent. This year the conference allowed Liquor Group Wholesale the opportunity to initiate face to face talks with several state level distribution companies regarding the acquisition of their companies by Liquor Group through stock purchase.
"Our organic growth in this down market, including our triple digit increase in sales last quarter is truly amazing. We continue to be a profitable organization overall...", says C. J. Eiras, CEO, "...however our organic growth strategy could be escalated through acquisitions, so we have begun the initial talks with strategic entities that can strengthen our distribution bandwidth."
Liquor Group Wholesale will review the potential of other distributors that have voiced an interest in being acquired and has begun soliciting the trade for acquisitions. The liquor and wine industry has seen a rapid pace of consolidation over the past several years, and many small to mid sized state level distribution companies are suffering the effects of this consolidation push. The implementation of this new expansion strategy is fulfilling yet another part of the commitment Liquor Group Wholesale made to its shareholders when the firm was taken public in 2008.
About Liquor Group Wholesale
Liquor Group Wholesale (OTCBB:LIQR) is an emerging liquor and wine distribution company representing more than 1700 spirits and wine products with varying degrees of operations in 31 U.S. States. More information available at www.LiquorGroup.com.
The Liquor Group Wholesale, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5642
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Except for the historical information contained herein, the matters set forth in this press release, including the description of the company and its product offerings, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.