Asconi Announces Preliminary Case Sales for the Third Quarter and Nine Months of 2005; Case Sales Increase 44.7% and 41.4% From the Third Quarter and Nine MOnths of 2004, Respectively
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Monday October 31, 9:44 am ET
Press Release Source: Asconi Corporation
ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 31, 2005--Asconi Corporation
(Pink Sheets:ASCD - News),
an Eastern European producer of wines and spirits, today announced
that it sold approximately 806,500 equivalent cases(a) of wines
during the three months ended September 30, 2005, an increase of
249,300 cases, or 44.7%, from approximately 557,200 cases sold during
the three months ended September 30, 2004.
For the nine months ended September 30, 2005, Asconi sold approximately
2,075,100 equivalent cases(a) of wines, an increase of 607,900 cases,
or 41.4%, from approximately 1,467,200 cases sold during the nine
months ended September 30, 2004.
(a) Asconi packages its wines in containers of various sizes. All quantities have been recomputed to the "equivalent case" measure. An equivalent case contains 12 bottles of 750 ml each.
About Asconi Corporation
Asconi Corporation (Pink Sheets:ASCD - News)
is a producer and distributor of wines and spirits in Eastern Europe.
For more information, please visit http://www.asconi.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about the Company's
industry, management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Because such statements involve risks and uncertainties, the actual
results and performance of the Company may differ materially from
the results expressed or implied by such forward-looking statements.
Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. Unless otherwise required
by law, the Company also disclaims any obligation to update its
view of any such risks or uncertainties or to announce publicly
the result of any revisions to the forward-looking statements made
here; however, readers should review carefully reports of documents
the Company files periodically with the SEC.
Asconi Corporation
Phone: 407 245 7379
Email: info@asconi.com
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