Liquor Group Receives Green Light on Bailment
March 6, 2009 – Jacksonville, FL – Liquor Group Wholesale (OTCBB:LIQR) and the various privately owned Liquor Group entities received great news this week from the Director of the United States Tax and Trade Bureau (TTB), the Federal Government organization regulating and enforcing Federal laws related to the alcohol beverage industry. The patent-pending bailment distribution business model in use by Liquor Group in both License States and Control States within the US has been approved by the TTB in a recent notice of compliance, a decision that has landmark repercussions for the entire liquor distribution industry.
Because there are specific Federal and State laws prohibiting “consignment sales” of alcohol beverages, several industry members and distribution competitors of Liquor Group had levied complaints with the TTB and State Alcohol Control agencies claiming that the Innovative Distribution approach utilized by Liquor Group through it’s patent-pending bailment warehousing business model was in violation of regulations and constituted an “Unfair Business Advantage”.
The advantage of the Liquor Group model is best illustrated by an excerpt from a complaint lodged with the government by a distribution competitor: “Liquor Group does not have any carrying costs for the inventory placed in their control by alcohol beverage manufacturers on a state by state basis, allowing them to continue to grow rapidly and unfettered by the costs of the alcohol beverages in their inventory; unaffected by the volume of alcohol beverages they place in each state wherein they operate; and with no need for additional capital to grow their operations; which makes them unmatched in the alcohol beverage industry, and as such they are utilizing an unfair business advantage.”
Liquor Group appreciates the compliments provided to it's business model by the complaint, especially now that the TTB has confirmed that the model is fully compliant with regulations.
About Liquor Group Wholesale
Liquor Group Wholesale (OTCBB: LIQR) is an emerging liquor and wine distribution company representing more than 1700 spirits and wine products with varying degrees of operations in 31 US States. More information available at www.LiquorGroup.com
CONTACT:
Liquor Group Wholesale, Inc.
Jason Bandy
904-285-5885
Because there are specific Federal and State laws prohibiting “consignment sales” of alcohol beverages, several industry members and distribution competitors of Liquor Group had levied complaints with the TTB and State Alcohol Control agencies claiming that the Innovative Distribution approach utilized by Liquor Group through it’s patent-pending bailment warehousing business model was in violation of regulations and constituted an “Unfair Business Advantage”.
The advantage of the Liquor Group model is best illustrated by an excerpt from a complaint lodged with the government by a distribution competitor: “Liquor Group does not have any carrying costs for the inventory placed in their control by alcohol beverage manufacturers on a state by state basis, allowing them to continue to grow rapidly and unfettered by the costs of the alcohol beverages in their inventory; unaffected by the volume of alcohol beverages they place in each state wherein they operate; and with no need for additional capital to grow their operations; which makes them unmatched in the alcohol beverage industry, and as such they are utilizing an unfair business advantage.”
Liquor Group appreciates the compliments provided to it's business model by the complaint, especially now that the TTB has confirmed that the model is fully compliant with regulations.
About Liquor Group Wholesale
Liquor Group Wholesale (OTCBB: LIQR) is an emerging liquor and wine distribution company representing more than 1700 spirits and wine products with varying degrees of operations in 31 US States. More information available at www.LiquorGroup.com
CONTACT:
Liquor Group Wholesale, Inc.
Jason Bandy
904-285-5885
Labels: Beverage News
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