TORONTO, Feb. 14, 2019 (GLOBE NEWSWIRE) -- AscendantFX, a leading technology-based payments solutions provider for over 800 wineries, co-sponsored the Fédération des Tonneliers de France (French coopers) Congress held in Napa Valley, California on February 1st, 2019. It was the first time the Congress was held outside of France in order to acknowledge and pay tribute to the American partnerships that are essential to their success in the export barrel market, and to show gratitude to local clients in the United States.

Over one hundred French coopers, American agents and sponsors in the wine ecosystem flocked to the Congress at the Silverado Resort and Spa. Fifty-three businesses from France’s leading wine regions gathered to mingle with local partners and clients at the private event, packed with conference sessions and informal discussions. The Congress culminated in a black tie gala event at the prestigious Robert Mondavi Winery.

Ed Casey, Vice President, Global Payments at AscendantFX states, “We are honoured to have the opportunity to co-sponsor this year’s Congress. We have been helping wineries, beverage importers and suppliers in the wine and beverage industry for nearly 30 years with international payments execution, and our expertise in this space made us a natural partner to work with the Fédération des Tonneliers to host this vibrant event.”

AscendantFX works closely with American wineries and agents to simplify their international payments to French cooperages.

Kris Conemac, Accounting Director at Bouchard Cooperages states, “Both we and our partners receive payments from AscendantFX quickly and easily. I’m not sure how I would run my business today without the ability to use AscendantFX’s services for foreign exchange transactions.”

AscendantFX provides wineries with a fast and inexpensive solution to pay cooperage Euro invoices, streamlining and strengthening international supply chain relationships.

About AscendantFX Capital Inc.

AscendantFX marries the worlds of technology and international payment delivery to provide award-winning, technology-based payment solutions for financial institutions. The solutions are innovative, customer-focused, and backed by over 250 years of combined experience in the corporate foreign exchange, international payments and FX exposure risk management markets. AscendantFX currently services over 2,000 financial institutions in North America as a trusted international payment provider.

About the Fédération des Tonneliers de France

The Fédération des Tonneliers de France brings together 53 businesses located in the leading wine regions of France. In 2017, these businesses produced 615,385 units, accounting for sales of 429 million euros. 68% of this production was exported, mainly to the United States, Spain, Australia, and Italy. French cooperages continue to be a standard and world leader because of the quality of the raw material used and the expertise evidenced through a combination of ancestral craft skills and highly innovative techniques.

About Bouchard Cooperages

Bouchard Cooperages is a global barrel brokerage company representing a portfolio of highly skilled manufacturers of premium French, Eastern European, Hungarian and American oak barrels and French oak alternatives.  This fine collection of Coopers includes Tonnelleries BILLON, DAMY, MAURY, MASTER COOPERS, EUROPEAN COOPERS HUNGARY and the oak alternatives supplied: CANADELL. Non oak related, Bouchard Cooperages also imports Italian eggs made of cocciopesto and concrete from DRUNK TURTLE, amphorae made from Impruneta terracotta from MONTECCHIO and sandstone or "grés" jars from VIN ET TERRE.

For further information, please contact:

Irene Lo
Magnolia Communications
irene@magnoliamc.com
604.306.1015

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e15bde5a-3c96-4c29-8184-f0fadf8e541d