NEW YORK, Jan. 8, 2014 /PRNewswire/ — Panache Beverages, Inc. (OTCQB: WDKA) (“Panache”), an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands, including the award-winning Wodka Vodka, Alibi American Whiskey, and Alchemia Infused Vodka, is pleased to announce that after an extensive competitive review, it has selected Park Street’s industry-leading solution to provide importing, back-office, and enterprise resource planning services. Park Street’s solution will support Panache in its current phase of growth, which focuses on driving sales of existing brands Wodka Vodka, Alibi American Whiskey, and Alchemia Infused Vodka. With the purchase of its New Port Richey, Floridadistillery, Panache Distillery LLC, Panache is positioned to capitalize on new growth opportunities in 2014 and beyond.
Park Street provides a turn-key suite of first-class back-office solutions, together with a valuable set of reporting and data management tools. Agata Podedworny, Panache COO, comments, “Utilizing Park Street’s solution enables us to focus our resources on value-creating activities including growing sales, increasing brand equity, and developing compelling new products at the Panache Distillery.” She continues, “Park Street will help us refine our business process as we continue to grow our distributor relationships and prepare for new business at the distillery.”
Adds Park Street President, Chris Mehringer, “We are thrilled to work with Panache. They have a talented management team and a great product line up. We look forward to helping them achieve their goals.”
About Panache Beverages, Inc.
Panache Beverages, Inc. (OTCQB: WDKA) based in New York, NY is an alcoholic beverage company specializing in the development, global sales and marketing of spirits brands. The Company’s expertise lies in the strategic development and aggressive early growth of its brands establishing its assets as viable and attractive acquisition candidates for the major global spirits companies. Panache intends to build its brands as individual acquisition candidates while continuing to develop its pipeline of new brands in to the Panache portfolio. Panache’s existing portfolio contains three brands: Wodka Vodka (www.weloveWodka.com), Alchemia Infused Vodka (www.alchemiainfused.com) and Alibi American Whiskey (www.alibiamerica.com).
For more information visit: http://www.panachespirits.com
About Park Street
Park Street is a technologically-driven provider of alcoholic beverage importing, back-office, and enterprise resource planning solutions. Services include, among others, logistics management, order fulfillment, regulatory compliance, accounting, distributor customer service, data management, working capital, and more. Founded in 2003, Park Street serves hundreds of brands from the United States and around the world.