NAPA VALLEY, Calif., March 2, 2006 (PRIMEZONE) -- 360 Global Wine Company (OTCBB:TSIX) announced today that the California Department of Alcoholic Beverage Control has granted a Type 2 Wine Grower License and a Type 9 Beer and Wine Importer License to 360 Viansa, LLC. These license grants complete the certification process associated with the 360 Global Wine Company's acquisition of Viansa Winery and Marketplace in Sonoma, California.
360 Global's CEO, Joel Shapiro, commented, "We are very pleased to have received these licenses. 360 Global is very proud of Viansa, and we look forward to increasing our wine production this year."
360 Global Wine Company was founded in the fall of 2002. The company's mission is to produce and deliver premium wine, gourmet food and exquisite events focusing on the authentic wine country lifestyle.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to the company's access to additional capital, competitive factors, the company's ability to consummate its acquisition strategy, consumer acceptance of the company's products and dependence on key management.