Source: Algodon Wines & Luxury Development Group
FOR IMMEDIATE RELEASE
ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. FILES FORM 10 WITH THE SECURITIES AND EXCHANGE COMMISSION
NEW YORK, NY - (May 15, 2014): Algodon Wines & Luxury Development Group, a leader in the fine wine, real estate development, and luxury hospitality sectors (“Algodon Partners”), filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC), yesterday, May 14, 2014, after close of business. Form 10 registration statements become automatically effective 60 days after the date of filing at which time Algodon Partners will be subject to the reporting requirements under the Securities Exchange Act of 1934. These rules require Algodon Partners to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K with the SEC on an ongoing basis.
"This is a significant step forward for Algodon and its subsidiaries, for both increasing our visibility within the market and enhancing our liquidity," says Algodon Partner's Chairman and Founder, Scott Mathis. "We are very excited about Algodon's future growth prospects. We'd like to thank our shareholders for their continued trust and support, and we look forward to continuing our part in growing a company worthy of our shareholders' confidence."
SEC Form 10 filings provide comprehensive information about the capital structure, financial condition, history and governance of a company and meet the registration needs of companies that choose a streamlined approach to establishing a class of publicly traded stock. The Form 10 is available on the SEC's website at http://www.sec.gov/
About Algodon Wines & Luxury Development Group
Using Algodon's icon wines as its ambassador, Algodon Partners identifies and develops hotel, hospitality and other lifestyle properties, as well as opportunities and brands that fit within its proprietary ALGODON® brand; one of distinction, refinement, and elegance. The qualities of the ALGODON® brand are exemplified by sophisticated cultural pastimes such as the appreciation of fine wine and the pursuits of golf, tennis and polo. Algodon Partners' current real estate developments include a Buenos Aires luxury boutique hotel, Algodon Mansion, located in the city's most elegant residential neighborhood of Recoleta, as well as the Mendoza wine resort called Algodon Wine Estates, a 2,050 acre luxury vineyard estate located in San Rafael, Argentina. Based in NYC with offices in Buenos Aires and Mendoza, Algodon Partners provides an unequivocal strategic advantage in Argentine real estate acquisition and development. Own a part of the dream.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to Algodon Wines & Luxury Development Group (Algodon Group) and its respective subsidiaries ("the Company") estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements speak only as of the date set forth above. The Company undertakes no obligation to update publicly any forward-looking statement, whether because of new information, future events or otherwise.
Eric Stear, Corporate Communications & Marketing Manager