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Asconi Wines Receive New Awards

WEDNESDAY, FEBRUARY 25, 2004 10:00 AM

ORLANDO, Florida, February 25, 2004 - /PRNewswire-FirstCall/ -- Asconi Corporation (Amex: ACD), one of the largest Eastern European producers of wines and spirits, , is pleased to announce that it has complemented its wine award collection with new trophies from two recent trade fairs.

Asconi wines were awarded a gold medal and a bronze medal at Prodexpo 2004 exhibition in Moscow, Russia. The 1990 Marsala won the gold medal and Muscat Asconi received the bronze. In addition, quality awards were presented to 2003 Aligote, 2003 Cabernet Sauvignon and the dessert Muscat Rubin. Prodexpo is the largest food and beverage trade fair in Eastern Europe and the Russian Federation with over 2000 companies from 60 countries participating in the venue annually.

Participation in the Vinmoldova 2004 fair brought the Company five silver awards for 2003 Aligote, 2002 Pinot Noir from Puhoi winery; dessert 2002 Gold Moldova from Orhei Vin as well as 2003 Sauvignon and 2003 Chateau Manuc Red from Vitis Hincesti.

Since 1999 Asconi wines have received 85 awards from professional and trade fairs and exhibitions including 4 grand prix, 33 gold, 30 silver, 7 bronze and 11 quality awards.

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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