NEW YORK, Oct. 26, 2011 (GLOBE NEWSWIRE) -- Panache Beverage, Inc. (OTCQB:WDKA) is an alcoholic beverage company specializing in the development, global sales, and marketing of spirits brands is pleased to announce that it has retained Scarsdale Equities LLC as its financial advisor to explore various strategic relationships.
"The Company is in the early stages of an aggressive plan to grow its flagship Wodka Vodka and launch two additional brands within its portfolio: Alchemia Infused Vodka and Alibi American Whiskey," commented James Dale, CEO of Panache. He continued, "Timing is optimal for us to leverage the deep relationships that Scarsdale Equities brings to the Company and we are very pleased to have retained Scarsdale Equities as our advisory firm."
About Scarsdale Equities LLC
Scarsdale Equities LLC is an institutional broker/dealer located in New York City. The firm's services include investment banking, institutional equity brokerage, discretionary account management, and start-up consulting and advisory services for money managers. Special investment banking focus is devoted to: 1) extractive industries, including oil and gas, energy services, and mining of precious metals, base metals, and fertilizers, 2) healthcare financing, 3) specialty real estate, and 4) alternative energy. The firm is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corp. (SIPC). The firm's website is located at www.scarsdale-equities.com.
About Panache Beverages, Inc.
(OTCQB:WDKA) based in New York, NY is an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands establishing its assets as viable and attractive acquisition candidates for the major global spirits companies. Panache intends to build its brands as individual acquisition candidates while continuing to develop its pipeline of new brands in to the Panache portfolio. Panache's existing portfolio contains three brands: Wodka Vodka, Alchemia Infused Vodka, and Alibi American Whiskey.
For more information visit: http://www.panachespirits.com
Safe Harbor
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. Factors that could cause or contribute to such differences include the ability of Panache Beverages to attract customers for its services, and to continue developing innovative datacenter optimization solutions. 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, 2010 and the Form 10-QSB filed June 30, 2011. Panache Beverages does not undertake any duty nor does it intend to update the results of these forward-looking statements.