NEW YORK, June 4, 2013 (GLOBE NEWSWIRE) -- Montalvo Spirits, Inc., (OTCQB:TQLA) ("Montalvo" or the "Company) announced today that it has entered into a Letter of Intent with Broken Heart Spirits Limited ("Broken Heart"), a New Zealand-based company that produces a line of craft spirits including Broken Heart Gin, for the exclusive right to sell Broken Heart Gin in the United States. The Company expects to enter into an Exclusive Master Distribution Agreement with Broken Heart following the approval of Broken Heart Gin's formula and labels by the U.S. Tax and Trade Bureau. The Company hopes to launch the brand in the United States in the fall of this year.
"We are extremely excited to add Broken Heart Gin to Montalvo's family of brands," said CEO Alex Viecco. "This is the next step in our quest to create a portfolio of ultra-premium, artisanal spirits."
Broken Heart Gin is produced in Queenstown, New Zealand. Nestled on the shores of crystal clear Lake Wakatipu, Queenstown is home to some of the finest water in the world. Broken Heart is handcrafted using only the highest quality ingredients, including an intricate blend of eleven botanicals.
"This is a wonderful next step for us in introducing our product to the world," said Annie Robertson, Director of Broken Heart. "It's a great pleasure for us to think that the American public will have a chance to taste and experience all the magic and creativity we have strived to put into each and every bottle of Broken Heart Gin."
More information about Broken Heart Gin is available on their website: http://www.brokenheartspirits.com/
About Montalvo Spirits, Inc.
Montalvo Spirits, Inc. develops, markets and distributes premium alcoholic beverages, with its initial offering being the award-winning Montalvo Tequila. The Company plans to focus on artisanal spirit brands with a tradition of excellence and quality. Additional information concerning the Company is available on the Company's website: http://montalvospirits.com
Forward Looking Statements: Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Montalvo Spirits, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Montalvo assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC").
There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.