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luckylindy
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LWSP AH NEWS:
Legacy Wine and Spirits to Establish Affiliate Office in Singapore to Capture Additional Market Share for the Wine Markets of To

Legacy Wine & Spirit (USOTC:LWSP)
Intraday Stock Chart
Today : Thursday 3 March 2011

Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP) (www.legacywineandspirits.com) an importer, wholesaler and retailer of fine wines in China launched plans to expand into other parts of Asia which has the highest wine consumption growth rate in the world.


Specifically, the Company has made arrangements for an affiliate office in Singapore enabling Legacy to take advantage of the wine markets of tomorrow, Association of Southeast Asian Nations (ASEAN) countries.

The wine markets of tomorrow are led by Thailand and Singapore and include other countries like Vietnam, Malaysia, Indonesia and the Philippines. Thailand especially is the leader in terms of growth rate in wine consumption of these ASEAN countries. In 2008, the total import value of wines was $33 million, a 31 percent increase from the previous year. According to trade sources, importers project further increases in their wine sales for 2010-2012, as there is a favorable growing trend among lower income consumers to buy wines at retail outlets rather than consuming in restaurants or hotels. In 2008, Singapore imported US$1.5 billion worth of alcohol, a massive 20% increase from 2007. Further to the story, when it comes to wines, some 16.6 million litres was imported in 2008, a 7% increase from 2007. Most of the wines consumed in the ASEAN countries are imported from U.S.A., France, Chile, Italy and Australia.

Jaclyn Cruz. President of Legacy states, "Due to Singapore's geographic location, it is considered an ideal strategic 'hub' for regional distribution in Asia for many consumer products including wine, with particular emphasis on emerging markets like the ASEAN countries. The fact that Legacy will be bottling its wine in China rather than importing the wine bottled as it has in the past, the cost per bottle will be much less allowing the Company to be more competitive, not just in the China market but especially in the market of the ASEAN countries."

According to the latest research, wine consumption in China is expected to rise 36% in 2012 which equates to over 1 billion bottles. Hence, if the Company could capture 0.025% of the market by the end of 2012, over two million bottles of wine sales could be generated which equates to $18 million in potential revenues in its initial target market.

About Legacy Wine and Spirits International Ltd:

Legacy Wine and Spirits International Ltd. (Legacy) is a publicly listed fully reporting company trading in the United States (Pink Sheets:LWSP). The Company is in the business of importing bottled wines from around the world for the purpose of wholesale and retail distribution throughout China, in particular through the Company's corporately owned stylish outlet showroom and wine tasting facility.

Visit our site: www.legacywineandspirits.com

The Legacy Wine and Spirits International Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8328

/s/: Jaclyn Cruz

Jaclyn Cruz, President

For further information contact: 1-888-488-6882

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Legacy's filings with the Securities & Exchange Commission.

CONTACT: Jaclyn Cruz, President
1-888-488-6882

Posts: 809 | From: florida | Registered: Dec 2008  |  IP: Logged | Report this post to a Moderator
wolyton
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NEW YORK, Mar 3, 2011 (GlobeNewswire via COMTEX) -- Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP) (www.legacywineandspirits.com) an importer, wholesaler and retailer of fine wines in China launched plans to expand into other parts of Asia which has the highest wine consumption growth rate in the world.
Specifically, the Company has made arrangements for an affiliate office in Singapore enabling Legacy to take advantage of the wine markets of tomorrow, Association of Southeast Asian Nations (ASEAN) countries.

The wine markets of tomorrow are led by Thailand and Singapore and include other countries like Vietnam, Malaysia, Indonesia and the Philippines. Thailand especially is the leader in terms of growth rate in wine consumption of these ASEAN countries. In 2008, the total import value of wines was $33 million, a 31 percent increase from the previous year. According to trade sources, importers project further increases in their wine sales for 2010-2012, as there is a favorable growing trend among lower income consumers to buy wines at retail outlets rather than consuming in restaurants or hotels. In 2008, Singapore imported US$1.5 billion worth of alcohol, a massive 20% increase from 2007. Further to the story, when it comes to wines, some 16.6 million litres was imported in 2008, a 7% increase from 2007. Most of the wines consumed in the ASEAN countries are imported from U.S.A., France, Chile, Italy and Australia.

Jaclyn Cruz. President of Legacy states, "Due to Singapore's geographic location, it is considered an ideal strategic 'hub' for regional distribution in Asia for many consumer products including wine, with particular emphasis on emerging markets like the ASEAN countries. The fact that Legacy will be bottling its wine in China rather than importing the wine bottled as it has in the past, the cost per bottle will be much less allowing the Company to be more competitive, not just in the China market but especially in the market of the ASEAN countries."

According to the latest research, wine consumption in China is expected to rise 36% in 2012 which equates to over 1 billion bottles. Hence, if the Company could capture 0.025% of the market by the end of 2012, over two million bottles of wine sales could be generated which equates to $18 million in potential revenues in its initial target market.

About Legacy Wine and Spirits International Ltd:

Legacy Wine and Spirits International Ltd. (Legacy) is a publicly listed fully reporting company trading in the United States (Pink Sheets:LWSP). The Company is in the business of importing bottled wines from around the world for the purpose of wholesale and retail distribution throughout China, in particular through the Company's corporately owned stylish outlet showroom and wine tasting facility.

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luckylindy
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LWSP: Today's alert is in a high growth industry.

This industry has grown 70% in the US and 100% in China over the
last 5 years.

Let's get to it.

Our new alert is Legacy Wine & Spirits International Ltd., LWSP,
and the stock closed today at 4 cents.

Please begin your research here www.legacywineandspirits.com and
here http://finance.yahoo.com/q?s=LWSP.PK&ql=0

Here is some information to get you started.

LWSP is in the business of importing bottled wines from around the
world for the purpose of wholesale and retail distribution
throughout China, in particular through the Company's corporately
owned stylish outlet showroom and wine tasting facility.

LWSP also plans on rolling out franchise stores through out China !!

With the improvement of the living standard, more consumers in
China will choose imported wine

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luckylindy
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LWSP’s Near Term Objectives

LWSP plans to launch a nationwide franchise of near identical retail wine and spirits stores, each with its own individual charm, offering high-quality wine and spirits from around the world.

It is LWSP’s objective that a franchisee could break even in the first year of business and for 90%t of the franchisees to achieve an operating profit the second year.

Due to LWSP’s successful pre-opening marketing and advertising campaigns a store could have a positive cash flow from day one.

By importing bulk wine from countries like Spain, Chile and the U.S., and bottling the wine in China, LWSP can improve profit margins while honoring prior import contracts.

Bottling imported bulk wine in China could allow Legacy to be more price competitive while taking advantage of the lower labor costs, lower taxes for an incomplete product and the option to blend the imported wines with Chinese local wines.

"This new business model will allow Legacy to be more price competitive with local wines as well as the lower priced imported wines. The Company will continue its wholesale and retail business while building upon it."

-- Jaclyn Cruz, President of Legacy

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arizonagold
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LWSP - Great potential with the importing of bulk wine to China. Gigantic market. Volumn is aboaut 4.5 million this morning. IMO
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arizonagold
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GLegacy Wine & Spirits International Ltd. (Pink Sheets:LWSP), an importer, wholesaler and retailer of fine wines in China, has made arrangements to utilize its established wine sales infrastructure to launch its wine accessories business division. www.legacywineandspirits.com
The wine accessories to be sold will help consumers and wine lovers to enhance their enjoyment of wine. The Company will carry wine related items that are used to open, drink, store and decorate wine. Quality, fancy and creative corkscrews, glasses, carafes, bottle stoppers, gift bags for wine, wine racks and special storage refrigerators will be part of the inventory of wine related goods Legacy will be selling on a wholesale and retail basis.
Although there are specialty shops in North America catering to this market, Legacy feels that as the masses in China continue to develop an appreciation of wine, they will also be motivated by their egos, pursuit of pleasure, pride, culture and image to purchase these wine accessories.
China is expected to be the world's seventh largest wine consumer by 2013 as the nation's thirst for vintages continues to grow amid an economic boom. The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009, according to findings of Vinexpo, organizer of one of the world's largest wine and spirits exhibitions.
Jaclyn Cruz, President of Legacy states: "With Asia's wine consumption forecast to rise by 20% over the next three years, according to the International Wine and Spirit Research (IWSR) commissioned by Vinexpo, and China leading the growth, Legacy believes the market for wine accessories is ripe for the picking."
OOD NEWS LWSP:

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wolyton
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NEW YORK, Mar 4, 2011 (GlobeNewswire via COMTEX) -- Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP), an importer, wholesaler and retailer of fine wines in China, has made arrangements to utilize its established wine sales infrastructure to launch its wine accessories business division. www.legacywineandspirits.com
The wine accessories to be sold will help consumers and wine lovers to enhance their enjoyment of wine. The Company will carry wine related items that are used to open, drink, store and decorate wine. Quality, fancy and creative corkscrews, glasses, carafes, bottle stoppers, gift bags for wine, wine racks and special storage refrigerators will be part of the inventory of wine related goods Legacy will be selling on a wholesale and retail basis.

Although there are specialty shops in North America catering to this market, Legacy feels that as the masses in China continue to develop an appreciation of wine, they will also be motivated by their egos, pursuit of pleasure, pride, culture and image to purchase these wine accessories.

China is expected to be the world's seventh largest wine consumer by 2013 as the nation's thirst for vintages continues to grow amid an economic boom. The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009, according to findings of Vinexpo, organizer of one of the world's largest wine and spirits exhibitions.

Jaclyn Cruz, President of Legacy states: "With Asia's wine consumption forecast to rise by 20% over the next three years, according to the International Wine and Spirit Research (IWSR) commissioned by Vinexpo, and China leading the growth, Legacy believes the market for wine accessories is ripe for the picking."

About Legacy Wine and Spirits International Ltd:

Legacy Wine and Spirits International Ltd. (Legacy) is a publicly listed fully reporting company trading in the United States (Pink Sheets:LWSP). The Company is in the business of importing bottled wines from around the world for the purpose of wholesale and retail distribution throughout China, in particular through the Company's corporately owned stylish outlet showroom and wine tasting facility.

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what i post is my opinion

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wolyton
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Great volume here, I think we will be looking at some good numbers in the very near future.

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what i post is my opinion

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