Diamond Estates Names Chris Terrio as President of Agency Business

NIAGARA-ON-THE-LAKE, ON, Nov. 7, 2017 /CNW/ - Diamond Estates Wines & Spirits Inc. (the "Company" or "Diamond Estates") (http://www.diamondestates.ca) (TSXV: DWS), today named Chrisopher S. Terrio as President of the Company's agency division, Kirkwood Diamond Canada.

Mr. Terrio has a resumé that boasts 30 years of international executive leadership experience, including two decades in the beverage alcohol sector. This is the first major change made by the Company since total ownership of Kirkwood Diamond Partnership was assumed by Diamond Estates Wine & Spirits in May. He replaces Gord Haist, who has retired after 30 years in the industry.

Mr. Terrio spent more than 18 years at Heineken N.V. in the United States, Europe and Canada as well as senior executive roles with Coca-Cola Canada and Consumer Impact Marketing.

"We see a tremendous opportunity in the beverage alcohol business and being able to secure the experience, drive and track record of someone like Chris is a major step in that direction," says Murray Souter, President and CEO of Diamond Estates Wine & Spirits Inc.  "We're in the business of connecting global brands with consumers on a national basis in an ever-changing retail environment and that requires the discipline of a consumer marketer, a belief in shared success, an understanding of channels and a global perspective. That's what Chris brings to the role." 

Prior to joining Kirkwood Diamond, Mr. Terrio was President and Chief Executive of CROSSMARK Canada Inc., an international Sales & Marketing Agency that delivers integrated retail services and solutions to food and beverage and consumer packaged goods partners, including major brands such as Proctor & Gamble, Johnson & Johnson and many others.

"I am extremely excited to be leading Kirkwood Diamond and returning to my beverage alcohol roots," says Mr. Terrio. "The potential for growth and expanded opportunities with our business partners is truly unlimited and I am excited about the opportunity to deliver value to both partners and shareholders. I've been fortunate to have gained global experience working for, and with, iconic global brands including Heineken and Coca-Cola and I believe this knowledge will be very valuable to our current and future partners." 

Kirkwood Diamond Canada (KDC) is a national sales and marketing agency for more than 100 Canadian and International beverage alcohol brands and is a wholly owned division of Diamond Estates Wine & Spirits Inc.

A sampling of brands in the KDC portfolio includes Fat Bastard wines from France, Kaiken wines from Argentina, Iceberg Vodka from Canada, Charles Wells beers from England, Hpnotiq Liqueur from France, Anciano wines from Spain, Josh wines from California, Francois Lurton wines from France and Argentina, Glengoyne whiskies from Scotland, Blue Nun wines from Germany, Brick Brewing from Canada (Waterloo Page 2 of 2 and Landshark), Evan Williams Bourbon from USA, coolers and spirits from Independent Distillers in New Zealand and many, many more. 

About Diamond Estates Wines and Spirits Inc.
Diamond Estates Wines and Spirits Inc. is a producer of high quality wines and a sales agent for over 120 beverage alcohol brands across Canada.  The company operates two wineries in the Niagara region of Ontario producing VQA and blended wines under such well-known brand names as 20 Bees, EastDell Estates, Lakeview Cellars, Dois Amigos, Dan Aykroyd, Benchmark and Seasons. Through its subsidiary, Kirkwood Diamond Canada, the Company is the sales agent for top selling international brands in all regions of the country as well as being a distributor in the western provinces.  These recognizable brands include Fat Bastard wines from France, Kaiken wines from Argentina, Charles Wells beers from England, Hpnotiq Liqueur from France, Anciano wines from Spain, Francois Lurton wines from France and Argentina, Blue Nun wines from Germany, coolers and spirits from Independent Distillers in New Zealand, Brick Brewing from Canada, Evan Williams Bourbon from USA, Iceberg Vodka from Canada and many others. For further information on the company, please visit the company's SEDAR profile at www.sedar.com.

Forward Looking Statement
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.  Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Diamond Estates Wines and Spirits Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release.  Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the economy generally; consumer interest in the services and products of the Company; financing; competition; and anticipated and unanticipated costs. While the Company acknowledges that subsequent events and developments may cause its views to change, the Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the views of the Company as of any date subsequent to the date of this press release. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Diamond Estates Wines & Spirits Inc.

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