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Asconi Corporation To Release 2003 Earnings Guidance on January 28, 2004

WEDNESDAY, JANUARY 28, 2004 6:01 AM

ORLANDO, Florida, January 28, 2004 - /PRNewswire-FirstCall via COMTEX/ -- Asconi Corporation (Amex: ACD), one of the largest Eastern European producers of wines and spirits, today announced that it will release earnings guidance for its 2004 fiscal year today, January 28, 2004, after the market close.

About Asconi Corporation

Asconi Corporation (AMEX: ACD) is one of the largest producers and distributors of wines and spirits in Eastern Europe. Asconi currently markets its products in seventeen countries worldwide and offers an extensive portfolio of over 350 items in fifty product lines. The Company is involved in every aspect of wine and spirits production and distribution, from grape processing to sales of alcoholic beverages.

For more information, please visit www.asconi.com.

Contact: Mr. Serguei Melnik, Asconi Corporation Chief Operations Officer
Phone: 407 679-9463
Email: info@asconi.com

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.

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