ALGODON WINE ESTATES LAUNCHES NEW “OCHO FINCAS” BLEND FROM SAN RAFAEL, MENDOZA

PRESS RELEASE

ALGODON WINE ESTATES LAUNCHES NEW “OCHO FINCAS” BLEND FROM SAN RAFAEL, MENDOZA

SAN RAFAEL, ARGENTINA – (AUGUST 8, 2014):  Algodon Wine Estates, a boutique winery located in the southern heart of Mendoza, Argentina, today announces the launch of its new OCHO Fincas (“8 Vineyards”) wine label.  Algodon Wines’ OCHO Fincas is a cuvée hand-harvested from several original independent family farms, which date as far back as 1946, and which today compose the basis for what is now Algodon Wine Estate’s 325 acres of productive vineyards.

Algodon Wines’ OCHO Fincas is comprised of 50% Malbec, 20% Merlot, 15% Cabernet Sauvignon and 15% Syrah from grapes that have been selected by hand from Algodon’s old farms formerly known as Finca Bedini, Campo Merlot, Malbec de Olivares, Los Viejos 1946, La Esmeralda, Rincon del Cabernet, Bajo la Loma, and Syrah del Valle.

“We are all very excited about the launch of Algodon Wines’ OCHO Fincas, which is inspired by a heritage of craftsmanship and pays homage to the generations of winemakers that worked the land long before we arrived,” says Scott Mathis, Chairman & Founder of Algodon Group. “This wine not only honors the history of our estate, but also acknowledges the fine work and expertise of Algodon’s outstanding winemakers who have continued the legacy where our predecessors left off.  Algodon Wines’ OCHO Fincas will serve as our emissary as we introduce new markets, both domestically and internationally, to our extraordinary wines with the hopes of soon launching in the Chinese and U.S. markets.  In the coming days we are also primed to introduce these markets to Algodon’s awarding-winning Bonarda wine, which we anticipate will also be a crowd pleaser.”

Algodon Wine Estates is located in the foothills of the Sierra Pintada Mountains, in San Rafael, Mendoza, on the Argentina Wine Route.  Fed by the purest glacial meltwater from the snowcapped Andes, Algodon’s vineyards produce exceptional fruit on a sandy and clay loam.  Algodon’s premium quality wines are crafted in limited production from handpicked and selected grapes by the brilliant winemaker Mauro Nosenzo, and by the acclaimed oenologist Marcelo Pelleriti, who combine modern and traditional winemaking techniques.

ABOUT ALGODON WINE ESTATES:
Algodon Wine Estates is a 2,050-acre wine and golf estate located in San Rafael, Mendoza, a region often referred to as the Napa Valley of Argentina.  The property offers luxury accommodations for travelers as well as the opportunity to own a piece of the estate's vineyard and a custom wine label.  Highlights include 10 championship tennis courts, an 18-hole golf course woven throughout the estate's vineyards and two guest lodges.  Future plans include a high-end hotel, more than 300 private home sites (some of which have already been built), a polo field, an equestrian center and a luxury spa and fitness center.

About Algodon Wines & Luxury Development Group (Algodon Group)
Algodon properties are owned and operated by Algodon Group, founded by Chairman & CEO Scott Mathis and partners. Based in NYC with offices in Buenos Aires and Mendoza, Algodon Group provides an unequivocal strategic advantage in Argentine real estate acquisition and development. Own a part of the dream.

Important Notes:
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.

Media/Analyst Contact:
Algodon Group
Eric Stear, Corporate Communications & Marketing Manager
212.739.7669
RStear@AlgodonGroup.com