California Grapes International, Inc. (CAGR) Recor
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California Grapes International, Inc. (CAGR) Record Wine Sales at the 16th Annual Sichuan New Year Shopping Festival
California Grapes International, Inc. (OTCPink: CAGR) announces today that its subsidiary, Beijing Jin Long Fei International Trading Co., Ltd., increased its wine sales over the previous year's performance at the 16th Annual Sichuan New Year Shopping Festival in Chengdu,China. Special occasion purchases for Chinese New Year account for approximately 60% of Chengdu Event wine sales, while around 20% of the purchasing is made because consumers view the healthy qualities of red wine as important. A recent survey suggests there are favorable business opportunities for CA vintners in Chengdu and the Sichuan Province as the market continues to grow and evolve.
About the 16th Annual Sichuan New Year Shopping Festival
http://www.scbolan.com/ReadNews.asp?NewsID=1452
Frank Yglesias,EVP of China Operations, stated, "With the success of this show, our Chinese subsidiary is in line to reach sales income of over $100,000 USD by the end of January. We will be attending 4 more trade shows in China for this year, and we except a tremendous success in each show."
Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:California Grapes International, Inc.Jeff Crittenden,1-855-558-WINEir@cagrapes.com.com
SOURCE California Grapes International, Inc.
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