Newealth US Inc., a subsidiary of Universal Apparel & Textile Company, is please to announce that agreements have now been signed for the endorsement and distribution of D500 Moscato wine with the music group Magnum Force (http://www.allmusic.com/artist/magnum-force-mn0001545921/biography) in conjunction with our El Encanto vineyard operation. Anthony Silveira is continuing to manage sales and marketing for this first vintage batch. Negotiations with several other major music groups for additional endorsement and distribution within the “The Artist Signature series” of our wines are in advanced stages.
Updates will be Forthcoming.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise