Fresh vine wine continues to grow

MINNEAPOLIS, June 23, 2022 (GLOBE NEWSWIRE) — Fresh Vine Wine, Inc. (US: VINE), the leading producer of low-carb, low-sugar, and low-calorie premium wines in the United States, has announced today that its Fresh Vine line The Wine Rosé variety is available for sale at more than 100 The Fresh Market grocery stores in Florida, North Carolina, South Carolina, Tennessee, Virginia, Ohio, Illinois and in Massachusetts. Additional markets will be added in July 2022, including Alabama, Arkansas, Georgia and Oklahoma.

With the addition of The Fresh Market, Fresh Vine Wine has added 2,145 new points of distribution (PODs) in the past 90 days for its premium wines, retailing between $14.99 and $22.99.

“Fresh Market’s focus on inspiring fresh foods to make eating extraordinary every day is another ideal partner that complements our focus on the growing ‘Better for You’ market,” said Rick Nechio, President, Fresh Wine Wine. “We are delighted that The Fresh Market is offering our premium wines to its customers as another way to offer high quality products to their health conscious consumers.”

The Fresh Market is a supermarket chain founded in 1982, headquartered in Greensboro, North Carolina. The Fresh Market has been recognized in USA today‘s 10 Best Readers’ Choice polls in 2021 and 2022 as the #1 Best Supermarket in the US.

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About Fresh Vine Wine, Inc.
Fresh Vine Wine, Inc. (American: VINE) is a leading producer of low-carb, low-calorie premium wines in the United States, launching a 2022 growth plan following its IPO on the mid-December 2021. dominate the emerging natural and accessible premium wine category, as health trends continue to accelerate in the US market. The US wine market in 2020 was a $69 billion category. Fresh Vine Wine plans to accelerate its growth in 2022 by amplifying its marketing, expanding its product offerings and expanding its team. Fresh Vine Wine positions its line of core brands as affordable luxury, selling for between $14.99 and $22.99. Fresh Vine Wine varietals currently include its Cabernet Sauvignon, Chardonnay, Pinot Noir and Rosé.

About the fresh market
Since 1982, The Fresh Market, Inc. has been helping customers make everyday eating extraordinary with quick meal solutions, unique ingredients, and delicious dishes for every occasion. From fresh produce to exceptional meats and seafood, signature baked goods and thousands of organic options, this specialty grocery store has something to please every palate. The Fresh Market currently operates 159 stores in 22 states across the United States, inspiring customers to discover new flavors and cook with confidence. For more information, visit www.thefreshmarket.com or follow the company on Facebook, Twitter and Pinterest.

Forward-looking statements

This press release contains forward-looking statements. These forward-looking statements can generally be identified by the use of words such as “anticipates”, “expects”, “plans”, “could”, “may”, “will”, “believes”, “estimates”, “expects,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address a variety of matters, including statements regarding the timing or nature of future operating or financial performance or other events. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by this statement. Applicable risks and uncertainties include, among others, the the Company’s ability to hire additional personnel and manage the growth of its business; the Company’s dependence on its brand, reputation and quality of its products; the Company’s ability to respond adequately to increased demands that may be placed on its management, operating and production capabilities; the effectiveness of the Company’s advertising and promotional activities and investments; the Company’s reliance on celebrities to endorse its wines and market its brand; general conditions of competition; fluctuations in consumer demand for wine; general decline in the health of the economy and consumer discretionary spending; the occurrence of adverse weather events, natural disasters, public health emergencies or other unforeseen circumstances that may delay or interrupt the Company’s operations; risks associated with disruptions to the Company’s supply chain for grapes and raw and processed materials; the impact of COVID-19 and its variants on the Company’s customers, suppliers, business operations and financial results; service disrupted or delayed by the distributors on which the Company relies for the distribution of its wines; the Company’s ability to successfully execute its growth strategy; the Company’s success in retaining or recruiting, or required changes in, its officers, key employees or directors; the Company’s ability to protect its trademarks and other intellectual property rights; the Company’s ability to comply with laws and regulations affecting its business, including those relating to the manufacture, sale and distribution of wine; claims, demands and lawsuits to which the Company may be subject and the risk that its insurance or indemnification coverage may not be sufficient; the Company’s ability to operate, update or implement its computer systems; the Company’s ability to successfully pursue strategic acquisitions and integrate acquired businesses; the Company’s potential ability to obtain additional financing if needed; the significant influence of the founders of the Company on the Company; and the risks identified in the Company’s other filings with the SEC. The Company cautions investors not to place significant reliance on any forward-looking statements contained in this press release. We encourage you to read the Company’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The business of the Company is subject to significant risks and uncertainties, including those mentioned above. Investors, potential investors and others should pay particular attention to these risks and uncertainties.

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