VuQo Holdings Corp. Announces Acquisition of CALABARZON Distillery
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 04/25/12 -- VuQo Holdings Corporation (PINKSHEETS: VUQO) today announced that the company closed acquisition talks with El Coco Wine Distillery, a coconut alcohol distillery located in the CALABARZON area of the Philippines.
After a successful closing of the acquisition, the said distillery joins VuQo Holdings Corporation to exclusively supply the necessary Lambanog or coconut wine that the company needs in making its alcohol/ beverage brands. El Coco Wine has been in the business for 10 years specializing in flavored Lambanog in the Philippines.
El Coco Wine Distillery is located in the southern part of Luzon and has been distilling for local brands that are sold in local stores in the Philippines. The company specializes in export quality "Lambanog," a coconut-based liqueur that can only be found in the Philippines. Lambanog, a liqueur that originates from the sap of an unopened coconut flower, is said to have an alcohol content ranging from 80-166 proof and is one of the top cottage industry product of the Philippines.
Rene Esteban, newly appointed C.E.O. of VuQo Holdings Corporation, said, "We feel this acquisition will be vital and that acquiring our own distillery will be more beneficial for our growth as we plan to expand our line of products into different variants that will truly put the Philippines in the map as one of the biggest distributors of coconut-based beverages."
VuQo Holdings Corp. is a publicly owned corporation, and through its subsidiaries, the company engages in developing, producing, distilling, bottling, packaging, distributing, and marketing wines and spirits.
The company offers VuQo Premium Vodka, the only vodka in the world distilled from coconut nectar. VuQo (40% alcohol by volume) is continuously distilled and filtered multiple times, and is packaged in an elegantly designed frosted bottle. Currently, VuQo is distributed in the United States in California, Georgia, Texas, New Jersey, and New York, as well as Guam and the Philippines.
VuQo also owns the brand Haliya Light Fruit Wines, which are wines handcrafted in small batches using fruits that thrive in the Philippines. Haliya is available in two variants: Mango Wine (13% alcohol-by-volume) and Black Plum Wine (12%). Both are packaged in traditional wine bottles with award-winning label designs. Haliya is currently distributed in the Philippines, Guam, and the United States.
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Boventures Inc.
Investor Relations
877-377-9809
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Datum: 25.04.2012 - 09:11 Uhr
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