Lion-Gri International, Inc. Announces CEO & President Greg Sonic Wins the Commonwealth of Independent States Director of the Year Award

Brooklyn, New York, UNITED STATES


NEW YORK, June 17, 2005 (PRIMEZONE) -- On June 9, the Russian daily Tribuna's 10th Annual Commonwealth of Independent States (CIS) Director of the Year Awards event took place and Lion Gri's own Mr. Greg Sonic was named Director of the year. Mr. Sonic was among the award winners and accepted this prestigious award presented by Editor-in-Chief, Mr. Victor Andrianov, of the Rabochaya Tribuna. The award is supported by CIS governments, CIS Inter-parliamentary Assembly and Russian Manufacturers' Union.

Mr. Sonic will be named in the upcoming "Book of CIS Top 100 Leaders in Industry and Science." CIS's Top 100 publication represents a "who's who," naming prominent industrialists and research companies, and features top entrepreneurs in their respective fields.

Mr. Sonic stated, "I am honored to be given this kind of recognition among my peers and to be in the company of other winners that are outstanding leaders, including Mr. Evgheniy Primakov, President of the Russian Chamber of Industry and Commerce (former Prime-Minister of the Russian Federation); Yuri Luzhkov, Mayor of Moscow; Mr. Aleksandr Hloponin, Governor of Krasnoyarsk; Mikhail Kalashnikov, the chief constructor of "Izhmash" enterprises (designer of the Kalashnikov "AK" automatic weapon); and other governors, ministers, academicians, presidents and directors of companies from all of the CIS."

Mr. Sonic continued, "I am very privileged to receive this honorable award as an acknowledgement of my company's ongoing success and its dedication to produce fine wine. I extend my appreciation to our staff and customers worldwide for helping Lion Gri continue on its path to creating world-renowned wines."

About Lion-Gri International, Inc.

Through Lion-Gri S.R.L., a limited liability company in the Republic of Moldova, Lion-Gri International, Inc. produces and exports 120 varieties of wine and alcohol products throughout Russia, Denmark, Poland, Western Europe and the United States. Shipping more than 16 million bottles of wine annually, Lion-Gri has grown into one of the largest wine producers in Moldova. For more information about the Company, see http://www.lion-gri.com

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.



        

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