NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Panache Beverages, Inc. (OTCQB: WDKA) ("Panache"), an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands, including the award-winning Wodka Vodka, Alibi American Whiskey, and Alchemia Infused Vodka, is pleased to announce that after an extensive competitive review, it has selected Park Street's industry-leading solution to provide importing, back-office, and enterprise resource planning services. Park Street's solution will support Panache in its current phase of growth, which focuses on driving sales of existing brands Wodka Vodka, Alibi American Whiskey, and Alchemia Infused Vodka. With the purchase of its New Port Richey, Florida distillery, Panache Distillery LLC, Panache is positioned to capitalize on new growth opportunities in 2014 and beyond.
Park Street provides a turn-key suite of first-class back-office solutions, together with a valuable set of reporting and data management tools. Agata Podedworny, Panache COO, comments, "Utilizing Park Street's solution enables us to focus our resources on value-creating activities including growing sales, increasing brand equity, and developing compelling new products at the Panache Distillery." She continues, "Park Street will help us refine our business process as we continue to grow our distributor relationships and prepare for new business at the distillery."
Adds Park Street President, Chris Mehringer, "We are thrilled to work with Panache. They have a talented management team and a great product line up. We look forward to helping them achieve their goals."
About Panache Beverages, Inc.
Panache Beverages, Inc. (OTCQB: WDKA) based in New York, NY is an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands establishing its assets as viable and attractive acquisition candidates for the major global spirits companies. Panache intends to build its brands as individual acquisition candidates while continuing to develop its pipeline of new brands in to the Panache portfolio. Panache's existing portfolio contains three brands: Wodka Vodka (www.weloveWodka.com), Alchemia Infused Vodka (www.alchemiainfused.com) and Alibi American Whiskey (www.alibiamerica.com).
For more information visit: http://www.panachespirits.com
About Park Street
Park Street is a technologically-driven provider of alcoholic beverage importing, back-office, and enterprise resource planning solutions. Services include, among others, logistics management, order fulfillment, regulatory compliance, accounting, distributor customer service, data management, working capital, and more. Founded in 2003, Park Street serves hundreds of brands from the United States and around the world.
For more information visit: http://www.parkstreet.com/
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to the Company's estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, risks and uncertainties detailed in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
Panache Beverages, Inc.
Tel +1 212 242-0002
Director, Business Development
Tel +1 305 967 7440 x512
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