Winebusiness.com - Homepage for the Wine Industry

New Vine to Resume Operations With Inertia Beverage Group Funding


Date: 06/04/09

--Immediate Goal Recommencement of Shipping and Compliance Operations--
(Napa, CALIF)--Inertia Beverage Group (IBG) has agreed in principle with Silicon Valley Bank to acquire its debt position in New Vine, subject to due diligence and definitive agreements.

"In order to address New Vine's customer needs and allow for their systems and operations to get back online and shipments flowing immediately, IBG will provide interim cash funding to New Vine pending final documentation," said IBG President and CEO Ted Jansen. "Operations are already gearing up and we are confident in the ability of New Vine's operational team and employees to quickly respond."

"IBG has from its inception been committed to the direct sales channel as an efficient and profitable way for wineries to access the wine market, better control their brands and expand margins," said Jansen. " We remain committed to providing leading solutions for the expansion of direct wine sales, on behalf of our clients and the wine industry as a whole, who seek a solution to the complexities of direct shipping."
 
About Inertia Beverage Group
Inertia Beverage Group provides solutions for the creation and expansion of online wine marketplaces. Leveraging their proprietary, web-based technologies, IBG gives wineries, retailers and wholesalers the tools necessary to efficiently distribute their products within the expanding direct-to-consumer and direct-to-trade wine markets.   Through its REthink Engine TM platform, its free regulatory compliance tool, and Marketplace Services programs, IBG provides its over 500 wine brands access to new marketplaces where supply and demand are united. Recently launched, IBG's Direct-to-Trade marketplace, WineREvolution.com, provides restaurants and retailers a web-based, fully compliant process to efficiently and legally access a growing list of domestic and international vintners that sell direct to the trade.
 
# # #
 
Contact:
Tom Wark, Wark Communications
 
Kristi Taaffe, Vice President, Marketing, Inertia Beverage Group
707-603-2802 • Kristi.taaffe@inertiabev.com

Sent by:
Tom Wark
Wark Communications
707-933-9313-Tel
707-246-6451-cell

Subscribe to Daily news Email

FREE Wine Business Daily News delivers the industry's top stories emailed to you from our editorial team.

most popular daily news links

latest used barrels

- used barrels  •  yesterday at 2:57PM PST
- used barrels  •  yesterday at 9:00AM PST
- used barrels  •  yesterday at 9:00AM PST
- used barrels  •  yesterday at 8:08AM PST
- used barrels  •  Feb 26, 2015 at 8:31AM PST

latest real estate

- real estate  •  Feb 26, 2015 at 1:43PM PST
- real estate  •  Feb 24, 2015 at 10:55AM PST
- real estate  •  Feb 24, 2015 at 9:16AM PST
- real estate  •  Feb 23, 2015 at 12:28PM PST
- real estate  •  Feb 18, 2015 at 11:32AM PST

latest used equipment

- used equipment  •  yesterday at 5:24PM PST
- used equipment  •  yesterday at 8:17AM PST
- used equipment  •  Feb 25, 2015 at 12:09PM PST
- used equipment  •  Feb 25, 2015 at 11:01AM PST
- used equipment  •  Feb 25, 2015 at 7:17AM PST

industry events

Mar 5
CA
Search Events:

Copyright© 1994-2015 by Wine Communications Group. All Rights Reserved. Copyright protection extends to all written material, graphics, backgrounds and layouts. None of this material may be reproduced for any reason without written permission of the Publisher. Wine Business Insider, Wine Business Monthly, Grower & Cellar News and Wine Market News are all trademarks of Wine Communications Group and will be protected to the fullest extent of the law.