NEW YORK, June 24, 2013 (GLOBE NEWSWIRE) -- Montalvo Spirits, Inc. (OTCQB:TQLA) ("Montalvo" or the "Company") announced today that they have entered into a sales and marketing agreement with Elite Agave Marketing, LLC ("Elite"). Elite will provide sales and marketing support throughout the state of Florida, with the agreement being exclusive in certain markets in Florida, including Jacksonville. The Company also agreed to allow Elite to explore the opportunity to distribute Montalvo Tequila in certain South American countries, and would provide Elite the exclusive sales and marketing rights to those markets.
"We look forward to working with Elite to expand Montalvo Tequila throughout additional Florida markets," said Daniel Cahill, Director of Sales of Montalvo. "The initial response has been excellent in Jacksonville and we hope it will continue throughout the state," added Cahill.
"We are extremely excited to be working with Montalvo Tequila in Florida and hope to aid in the expansion to international markets," said Sebastian Montalvo, President of Elite. "The product speaks for itself and our initial success is very gratifying," added Sebastian Montalvo.
At the prestigious Ultimate Spirits Challenge 2013, Montalvo Tequila's Plata was named Finalist for the Chairman's Trophy, being awarded 93 points out of 100. And at the 2013 Spirits of the Americas Competition, Montalvo's Reposado was named "Best of Class" in the Reposado Tequila category.
Montalvo Tequila is now available in California, Florida, New York, and New Jersey, and is expected to launch in Oregon and Connecticut in July and August, respectively. The Company is in talks to further expand distribution domestically and internationally, with additional wholesaler partnerships expected to be announced this summer.
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.