MARGIT EYRAUD RESIGNS AS CEO OF MARANI BRANDS, BOARD NAMES ARA ZARTARIAN AS SUCCESSOR
Business Wire
October 7, 2008 Tuesday 12:03 AM GMT
Marani Brands, Inc. (OTCBB:MRIB) announced today that its President
and Chief Executive Officer, Margrit Eyraud, has resigned to pursue
other interests, effective immediately.Ms. Eyraud will remain as a
Director of the Company.
The Board has selected Ara Zartarian to succeed Ms. Eyraud as the
Company’s President and Chief Executive Officer, also effective
immediately. Mr. Zartarian is currently the Company’s Chief Operating
Officer.
"I have enjoyed my time with the Company, and wish the best of luck
to my successor and Marani Brands," said Ms. Eyraud.
AboutMarani Brands, Inc.
Marani Brands, Inc. brands, markets and distributes fine wine and
spirit products in the United States. Its signature product, "Marani
Vodka," is a premium vodka manufactured exclusively for Marani in
Armenia. Marani Vodka is made from winter wheat harvested in Armenia,
distilled three times, aged in oak barrels lined with honey and skimmed
dried milk, then filtered twenty-five times. Marani Vodka was awarded
the gold medal in the International Spirit Competition, held in San
Francisco, California, in both 2004 and 2007, and the 5 Diamond Award
by the American Academy of Hospitality and Sciences in March 2008.
Forward-looking Statements
Certain statements made in this press release contain forward-looking
statements that involve a number of risks and uncertainties. This
forward-looking information is based on certain assumptions,
including, among others, presently known physical data concerning
size and character of reservoirs and economic recoverability. Some
of these expectations may be based upon assumptions or judgments that
prove to be incorrect. In addition, operations involve numerous risks
and uncertainties, many of which are beyond Marani Brands’ control,
which could result in expectations not being realized or otherwise
materially affect the financial condition, results of operation and
cash flows. Additional information regarding these and other risks
are contained in Marani Brands’ filings with the Securities and
Exchange Commission.