California Grapes International, Inc. (PN) (USOTC:CAGR)
Historical Stock Chart
5 Years : From Jul 2011 to Jul 2016
California Grapes International, Inc. (OTCPK:CAGR) a leading provider of
full service export, marketing, promotions, distribution and sales for
the CA Wine Industry internationally, with its (WOFE) Wholly Owned
Foreign Entity; Beijing Jin Long Fei International trading Co., Ltd.
today announces an update to the following Sales and Operations status.
The company’s “Discover California Wines Campaign” is gaining momentum
and the development of the “CGI” Wine Club for our direct retail
consumers has exceeded 200 unique consumer registrations. These
registrations represent direct consumers that have a purchasing history
and will be specifically invited to the Grand Opening of the Retail
Store. The “Wine Club” that has been developed and is being offered by
“CGI” is modeled after the traditional wine clubs found at most wineries
or retail shops in the USA. This will provide for the Retail Shop to
have substantial consumer base immediately upon opening.
“CGI” has been very selective regarding the immediate venue sales and
placements thus far in Beijing. “CGI” currently has 6 direct venue
locations established. We are currently developing specific activities
and promotions for these locations that will become a critical part of
the new sales training program that has been developed. Promotions and
Events are the key with all venue sales and “CGI” works with each
location in order to develop and deliver measurable results.
The month of April accounted for over $100,000.00 in sales and we are
excited about the increase in sales the Retail Location is projected to
produce. With the Wine Club building, the venue promotions lining up and
new staff being trained, “CGI” is on target to exceed our in-market
projections of 1 Million in sales by the end of 2012.
“The 'CGI' model focuses on the Expat and Tourist business as the target
consumer and our retail store fronts will provide the catalyst for the
hospitality industry throughout China. As the 3rd most
visited country in the world; in 2010 there were over 56 million oversea
tourists that visited China with an estimated $45 Billion Dollars in
Foreign Exchange revenue. American’s represents a large number of these
tourist and ex-pats living in China and they know California wines, they
love California wines and now they have a source to purchase California
wines! Our goal is to increase our market awareness in both the general
consumer and the Hospitality industry to achieve sales revenues of over
$20 million dollars by the yearend 2015.” – Frank Yglesias – EVP of
California Grapes International, Inc.
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