VANCOUVER, BRITISH COLUMBIA, January 9, 2014- First Growth Holdings Ltd. ("First Growth" or the "Company") (TSX-V: FGH), is pleased to announce that Randy Barber has joined the Company's Advisory Board. The Advisory Board will serve to provide strategic guidance and insight to assist the Company and its wholly-owned subsidiary WineOnline Marketing Company Ltd. ("WineOnline").
"2014 marks an important phase of growth for the Company and building a world class team is critical to our success. When an opportunity comes along to work with someone like Randy Barber you jump at it; we are delighted Mr. Barber has accepted an advisory role with First Growth," stated Paul Guedes, President of First Growth. "Mr. Barber brings a world of experience to the table with a distinguished career as a senior executive in globally recognized organizations. Most notably was his appointment as Chair of the Alcohol and Gaming Commission of Ontario (the "AGCO"), a position he held for over 4 years of his 8.5 year term and where he worked closely with his counterparts at the Liquor Control Board of Ontario (the "LCBO"). Ontario has the largest market for WineOnline in Canada and working with the LCBO will be important as we grow the business and Mr. Barber's insights will be welcomed."
Mr. Barber most recently was the Chairman of the Employment Insurance Board of Referees as well as the Vice President of Government Regulations and Relations of the Ontario Entertainment Technologies where he was responsible for responding to various gaming initiatives of the Ontario Lottery and Gaming Corporation as part of a consortium. Previously, Mr. Barber was Vice Chair and then Chair of the AGCO from 1997 to March 2005, appointed by the province as the regulator of liquor licensing and all forms of gaming in the province of Ontario.
Mr. Barber was a Ward Councilor for the Town of Markham from 1994 to 2000. He has spent a large portion of his life volunteering his experience back to the communities via various appointed community positions.
About First Growth
First Growth identifies and develops strong brands in the Canadian and international markets. WineOnline represents the first of its brands that will launch across Canada. WineOnline offers interesting, rare, and otherwise unavailable wines for order by the case and ships directly to customers' homes or workplaces. WineOnline and its website, www.wineonline.ca, is expected to be expanded to several other provinces over the coming year, becoming Canada's first national online wine retail store.
ON BEHALF OF FIRST GROWTH HOLDINGS LTD.:
"J. Paul Guedes"
J. Paul Guedes
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Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on First Growth's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Those assumptions and factors are based on information currently available to First Growth. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: general economic and business conditions and changes in the regulatory regime. First Growth cautions the reader that the above list of risk factors are not exhaustive. The forward-looking information contained in this release is made as of the date hereof and First Growth is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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