EXHIBIT 99.3
Liquor Group Wholesale Acquires Alcohol Distributor in Illinois
Oct. 8, 2009 (GlobeNewswire) --
CHICAGO, Oct. 8, 2009 (GLOBE NEWSWIRE) -- Liquor Group Wholesale, Inc.
(OTCBB:LIQR) again makes good on its expansion commitment made to shareholders
by announcing the addition of a new sales territory through the acquisition of a
statewide liquor distribution operation in the State of Illinois.
The merger was underwritten privately by VIGOR Holding Company, a major
shareholder in LIQR, and brings Alex Chudnovsky of Tastes of the World/Imperial
Distributors with his sales & distribution team into the fold with a five year
stock-vesting plan. Chudnovsky's operations grossed more than $2.8M in 2008
while representing only a small portfolio of roughly 80 mostly ethnic products.
With the combination of existing Illinois aggressive operators and Liquor
Group's 1800+ products, the newly formed "Liquor Group Illinois" is now a force
in Illinois.
"We are excited about becoming the 32nd state in Liquor Group through this stock
vesting program..." says Chudnovsky "...better to be a party to a merger with a
large outfit like Liquor Group which benefits everyone involved then to be left
out fending for yourselves as a distributor in only one or two states."
Also important to this equation is the "Firepower" added to Liquor Group by
bringing on Fred Rosen, a long-time major shareholder in LIQR and a career
alcohol beverage retailer best known for his ownership in Sam's of Chicago, the
largest liquor volume retailer in the world. Rosen began assisting with this
distribution company acquisition strategy and overall brand portfolio
development. Rosen can now turn his focus on assisting the development of a
large-scale retailer outreach strategy through this new operation.
About Liquor Group Wholesale
Liquor Group Wholesale (OTCBB:LIQR) is an emerging liquor and wine distribution
company representing more than 1800 spirits and wine products with operations in
32 U.S. States, focused on providing a distribution channel for Mid-Market,
Nationally and Internationally recognized alcohol beverage products. Operations
consist of the conveyance of goods from manufacturer to state level distributor,
with a focus on the consolidation of distribution operations from concept to
purveyor.
The Liquor Group Wholesale, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5642
Safe Harbor
Except for the historical information contained herein, the matters set forth in
this press release, including the description of the company and its product
offerings, are forward-looking statements within the meaning of the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that may cause
actual results to differ materially, including the historical volatility and low
trading volume of our stock, the risk and uncertainties inherent in the early
stages of growth companies, the company's need to raise substantial additional
capital to proceed with its business, risks associated with competitors, and
other risks detailed from time to time in the company's most recent filings with
the Securities and Exchange Commission. These forward-looking statements speak
only as of the date hereof. The company disclaims any intent or obligation to
update these forward-looking statements.
CONTACT: Liquor Group Wholesale
Jason Bandy
(904) 285-5885
Source: GlobeNewswire (October 8, 2009 - 7:01 AM EDT)
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