Brings strong operational track record and
extensive experience to the Company
NIAGARA-ON-THE-LAKE, ON, Jan. 7,
2019 /CNW/ - Diamond Estates Wines & Spirits Inc.
("Diamond Estates" or "the Company") (DWS-TSX Venture) is pleased
to announce that it has appointed Paul
Dowdall as Chief Financial Officer, effective today.
Mr. Dowdall is a seasoned finance executive with experience
across a diverse group of industries, including the food and
beverage and consumer packaged goods sectors. Most recently, he was
CFO of Ice River Springs, a privately-held, vertically-integrated
bottled water producer with locations across the United States and Canada. Prior to this he
held senior finance roles at SDI Marketing, Apple Canada, Psion
Inc, BlackBerry Ltd., and Bell
Canada. Mr. Dowdall is a Chartered Professional
Accountant.
"Paul is an outstanding addition to our team at Diamond
Estates," said Murray Souter,
President and CEO. "Throughout his career, he has brought a strong
operational mindset and shown an ability to drive profitability and
long-term growth. I am confident that Paul will help Diamond
Estates capitalize on the significant growth opportunities emerging
in our rapidly evolving industry."
Mr. Dowdall replaces Alan
Stratton, who has served as CFO since June 2014 and has stepped down to focus on
personal interests. Mr. Stratton has agreed to work as a consultant
with Diamond Estates to assist in the management transition.
"On behalf of the Board of Directors and everyone at Diamond
Estates, I would like to thank Alan for his valuable contributions
to the Company," Mr. Souter said. "He played an important role in
the Company's growth during a formative period, and we wish him the
best in his future endeavours."
About Diamond Estates Wines and Spirits Inc.
Diamond
Estates Wines and Spirits Inc. is a producer of high quality wines
and a sales agent for over 120 beverage alcohol brands across
Canada. The Company operates three wineries, two in Ontario and one in British Columbia, that produce predominantly
VQA wines under such well known brand names as 20 Bees, EastDell,
Lakeview Cellars, Dan Aykroyd,
Fresh, McMichael Collection, Benchmark, Seasons and Backyard
Vineyards. Through its wholly owned subsidiary, Trajectory Beverage
Partners, the Company is the sales agent for many leading
international brands in all regions of the country as well as being
a distributor in the western provinces. These recognizable brands
include Josh wines from California, Fat Bastard and Andre Lurton wines from France, Kaiken wines from Argentina, Anciano wines from Spain, Blue Nun wines from Germany, Francois
Lurton wines from France
and Argentina, Waterloo Brewing
and Amsterdam Brewery, both from Canada, Landshark Lager from the
USA, Marston's beers from England, Social Lite vodka sodas from Canada,
Malfy Gin from Italy, Edinburgh
Gin from Scotland, Ian MacLeod and Glengoyne scotches from
Scotland, Barcelo Rum from the
Dominican Republic and Tequila
Rose Liqueur from McCormick Distilling in the USA.
Forward Looking Statements
This press release contains
forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "estimates",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Diamond Estates Wines and Spirits Inc. to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Actual results and developments are likely to differ,
and may differ materially, from those expressed or implied by the
forward-looking statements contained in this press release.
Such forward-looking statements are based on a number of
assumptions which may prove to be incorrect, including, but not
limited to: the economy generally; consumer interest in the
services and products of the Company; financing; competition; and
anticipated and unanticipated costs. While the Company acknowledges
that subsequent events and developments may cause its views to
change, the Company specifically disclaims any obligation to update
these forward-looking statements. These forward-looking statements
should not be relied upon as representing the views of the Company
as of any date subsequent to the date of this press release.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Diamond Estates Wines & Spirits Inc.
