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Legacy Wine & Spirits International Ltd.: Legacy Realizes Better Than Expected Gross Profit on Inventory
TIANJIN, CHINA--(Marketwire - April 16, 2009) - Legacy Wine & Spirits International Ltd. (
Chinese New Year was especially rewarding, furthering the Company's findings that in second-tier cities like Tianjin, the local wealth and workforce is staying local instead of migrating to the larger cities. The result of this spending pattern is that these second-tier cities are better equipped to deal with this economic crisis.
Company President Christopher Scheive states, "Although our doors opened just a couple of months ago, the Company feels that the City of Tianjin has included us into their shopping lifestyle."
/s/ Christopher Scheive
Christopher Scheive, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Legacy's filings with the Securities & Exchange Commission.