NEW YORK, NY--(Marketwire - Nov 20, 2012) - Panache Beverage, Inc. (
"The distillery change was an important strategic move for the future of the Wodka Vodka business," explained Panache CEO James Dale. "Increasing margin for the brand while solidifying our quality for value proposition was critical as we look at the things we need to do to make Wodka Vodka a 1 million case brand."
The change in supplier created a business interruption in the third quarter resulting in only 14% of projected goods sold in that quarter. With the new distillery shipping in Q4, Panache is forecasting a record fourth quarter for Wodka Vodka shipping 200% of its projection for the fourth quarter. Wodka Vodka is still on track to reach its 2012 volume numbers.
About Panache Beverage, Inc.
Panache Beverage, Inc. (
For more information visit: http://www.panachespirits.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" "project" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward- looking statements may not occur. Further information on Panache Beverages' risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-KSB for the year ended December 31, 2011 and the Form 10-QSB filed June 30, 2011. Panache Beverage does not undertake any duty nor does it intend to update the results of these forward-looking statements.