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Legacy Wine & Spirits International Ltd.: Legacy Realizes Better Than Expected Gross Profit on Inventory

^{Published on 2009-04-16 01:29:51, Last Modified on 2009-04-16 01:30:17 - Market Wire}
 

TIANJIN, CHINA--(Marketwire - April 16, 2009) - Legacy Wine & Spirits International Ltd. (OTCBB: [ LWSP ]) reports that since the December 2008 opening of the Company's wine outlet/showroom in Tianjin, business has been brisk and sales have been better than expected despite the unfortunate current economic climate.

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.