JACKSONVILLE, Fla., Dec. 15, 2008 (GLOBE NEWSWIRE) -- Liquor Group Wholesale Inc. (OTCBB:LIQR) award winning brands in the 2008-2009 World Spirits and World Wines Competition www.SpiritsCompetition.com in Geneva, Switzerland prompted an interview of Liquor Group VP Lowell Newman by FOX Business NEWS Wall Street.Net "3 Minute Press Show" in a segment broadcast on December 12, 2008, which also featured the CEO of major discount retailer Big Lots, among others. The show includes interviews with 10-12 executives from companies with noteworthy financial news.
Financial Reporter Tracee Tolentino asked about the rapidly growing Liquor Group Wholesale, the only publicly traded Liquor Distribution Company in the U.S., focusing on current economic conditions affecting the liquor industry. "When times are good people drink to celebrate, when times are bad they drink to forget...in between times they drink because they're thirsty!" said Newman "...Liquor gallonage sales remains solid during hard times although sales of higher priced goods may be weaker."
The main topic of discussion was the great success of Liquor Group brands at the World Spirits Competition. Platinum Awards were given to Trump Super Premium Grape Vodka, Isla N Silver Rum, Spirit of Liberty Bourbon Cream and Casa BoMargo Chianti Riserva and more than 20 other Liquor Group brands garnered awards. Newman serves as Product Selection Director for Liquor Group, and he pays great attention to the selection of each product in the portfolio. Success at the World Beverage Competition, with more than 50,000 entrants from 25 countries, demonstrates the high quality of products in the portfolio, as recognized by beverage experts from around the world. To view the interview visit http://www.tv.wallst.net/r/3-minute-press/Lowell-Newman/362/1446/
About Liquor Group Wholesale
Liquor Group Wholesale is an emerging liquor and wine distribution company representing more than 1700 spirits and wine products with operations in 31 U.S. States. Our company is focused on providing a distribution channel for Mid-Market, Nationally recognized alcohol beverage products. Liquor Group Wholesale is publicly traded under the symbol LIQR. Information on Liquor Group Wholesale's financials and business operations is available on www.LiquorGroup.com
The Liquor Group Wholesale, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5642
Safe Harbor
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.