Great Post from the other board: Looks like Mar
Post# of 9964
Posted On: 06/10/2014 1:29:57 PM
Great Post from the other board:
Looks like Marani Brand Inc parent of Margrit Enterprises International, Inc also owns at least 52% of Eraskh Winery, which is the Armenia company that bottles the product. So, IMO this is great as it shows this company will keep cost down by owning majority ownership in Eraskh distillery in Armenia.
Marani Brands, Inc. (Marani), incorporated on May 30, 2001, is engaged in the importation and sale of alcoholic beverage products, primarily Marani Vodka, its flagship product. The Company’s primary business is the business of Margrit Enterprises International, Inc. (MEI), which is in the distribution of wine and spirit products manufactured in Armenia. Marani Vodka is made from winter wheat harvested in Armenia, distilled three times, aged in oak barrels lined with honey and skimmed dried milk, then filtered 25 times. Bottling of the product occurs at the Eraskh distillery in Armenia.
This link show ownership of Eraskh distillery in Armenia.
http://www.sec.gov/Archives/edgar/containers/...ex10-7.htm
This letter of intent (this "LOP), shall set forth the preliminary understanding and agreement between Margrit Enterprises International, Inc (the "Purchaser"
and Mr. Tevonyan (the "Seller" , with respect to an acquisition transaction (the "Transaction" , pursuant to which the Purchaser will acquire not less than 52% of the outstanding equity, on a fully diluted basis, of Eraskh Winery, Ltd., an Armenian corporation (the "Company" . That understanding and agreement between the Purchaser and the Seller is as follows:
Looks like Marani Brand Inc parent of Margrit Enterprises International, Inc also owns at least 52% of Eraskh Winery, which is the Armenia company that bottles the product. So, IMO this is great as it shows this company will keep cost down by owning majority ownership in Eraskh distillery in Armenia.
Marani Brands, Inc. (Marani), incorporated on May 30, 2001, is engaged in the importation and sale of alcoholic beverage products, primarily Marani Vodka, its flagship product. The Company’s primary business is the business of Margrit Enterprises International, Inc. (MEI), which is in the distribution of wine and spirit products manufactured in Armenia. Marani Vodka is made from winter wheat harvested in Armenia, distilled three times, aged in oak barrels lined with honey and skimmed dried milk, then filtered 25 times. Bottling of the product occurs at the Eraskh distillery in Armenia.
This link show ownership of Eraskh distillery in Armenia.
http://www.sec.gov/Archives/edgar/containers/...ex10-7.htm
This letter of intent (this "LOP), shall set forth the preliminary understanding and agreement between Margrit Enterprises International, Inc (the "Purchaser"
and Mr. Tevonyan (the "Seller" , with respect to an acquisition transaction (the "Transaction" , pursuant to which the Purchaser will acquire not less than 52% of the outstanding equity, on a fully diluted basis, of Eraskh Winery, Ltd., an Armenian corporation (the "Company" . That understanding and agreement between the Purchaser and the Seller is as follows: 
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