LOS ANGELES - (Business Wire) Marani Brands Inc. (OTCBB:MRIB) has taken another step in building a global company focused on the importation, sale and distribution of ultra-premium spirits and wines, by recently bringing on board luxury spirits industry veteran, Paul Fuegner to lead the Company
’s marketing efforts. Prior to joining the Company, Fuegner was a Vice-President of SKYY Spirits, in charge of its Marketing Department where he was responsible for raising the profile of SKYY Vodka. During his tenure with SKYY Spirits, sales of SKYY Vodka more than doubled, becoming the 4
th largest selling vodka in the United States during his tenure.
“We are excited to have someone of Paul Fuegner’s stature in the industry join Marani Brands to assist us in building Marani as a world class brand and our Company as a global spirits organization. With over ten years of premium spirits experience at leading global companies like Diageo and Gruppo Campari, Paul brings a distinctive perspective and set of talents that will help propel us to the next level of growth,” said company President and CEO, Margrit Eyraud.
“I am looking forward to working with the talented and dedicated members of the Marani executive team,” stated Fuegner. “We have a tremendous opportunity to develop an organization that supports the growing needs of the spirits industry and consumers for unique, high quality brands.”
About Marani Brands Inc.
Founded in 2001, as Margrit Enterprise International, Inc., the Company is the creation of three family members Margrit Eyraud, Ara Zartarian and Ani Kevorkian. They made a pilgrimage to their ancestral homeland, Armenia, where they found a country struggling in the wake of the breakup of the former Soviet Union, yet they were greeted with enormous warmth and generosity. The result was the family’s determination to help bring the pride of Armenia’s products to the rest of the world. The Company exports from Armenia some of the world’s finest vodka, brandy, cognac and wines. In April 2008, the predecessor company was acquired by a public company called Fit For Business, Inc., which changed its name to Marani Brands, Inc.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that involve risk and uncertainties. Such risks and uncertainties could cause actual results to differ from those contained in the forward-looking statements, including, but not limited to general business conditions, our current dependency on our distilling in Armenia and competition from much larger global companies in the alcohol business industry. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company is not undertaking to update any information in its various reports filed with the Securities Exchange Commission until the effective date of its future reports is required by applicable law. Any projections of future operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to the change and could differ materially from final reported results. The Company may from time to time update these publicly announced projections, but is not obligated to do so.
Press Only:
Marani Brands Inc.
Nina Kevorkian, Director of Communications
818-503-5200
ninak@maranispirit.com
http://www.maranispirit.com
